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Fabless·MPWR
Monolithic Power Systems, Inc.
NASDAQ · US
Fabless power management IC designer with AI server and high-performance compute exposure.
AI relevance
Power delivery silicon for AI servers and accelerators.
Price
$1316.28
Change
+5.68 (+0.43%)
Market cap
$64.7B
52w range
$801–$1714
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
MPWR market performance
Daily close for Monolithic Power Systems, Inc.
- Latest close
- $1,318
- Range move
- +$497.5 (+60.6%)
- Range high
- $1,690
- Range low
- $820.7
- Latest volume
- 335.8K
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1255 rowsFive years of daily close and volume data powering the company chart.
Transcript list
70 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus25 ratings
Strong buy
0
Buy
22
Hold
3
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $4.15B | $3.83B - $4.25B | $27.42 | $25.27 - $28.07 | $1.19B | $1.10B | $1.35B | $677.3M | 11 rev / 9 EPS |
| 2027-12-31 | $5.34B | $5.07B - $5.67B | $35.92 | $33.42 - $38.88 | $1.53B | $1.42B | $1.73B | $871.4M | 11 rev / 9 EPS |
| 2028-12-31 | $6.42B | $5.76B - $7.26B | $43.09 | $36.32 - $51.48 | $1.84B | $1.71B | $2.02B | $1.05B | 8 rev / 5 EPS |
| 2029-12-31 | $6.90B | $6.26B - $7.29B | $47.00 | $41.34 - $50.48 | $1.98B | $1.84B | $2.27B | $1.13B | 6 rev / 1 EPS |
| 2030-12-31 | $8.03B | $7.29B - $8.49B | $54.93 | $48.31 - $59.00 | $2.30B | $2.14B | $2.65B | $1.31B | 6 rev / 1 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | $1.15B | $1.05B - $1.16B | $7.69 | $6.79 - $7.91 | $329.6M | $306.2M | $378.9M | $187.9M | 8 rev / 9 EPS |
| 2026-12-30 | $1.21B | $1.10B - $1.25B | $8.07 | $7.39 - $8.25 | $345.8M | $321.4M | $397.7M | $197.2M | 9 rev / 9 EPS |
| 2027-03-30 | $1.21B | $1.10B - $1.23B | $7.98 | $7.09 - $8.22 | $345.3M | $320.8M | $393.0M | $196.9M | 7 rev / 6 EPS |
| 2027-06-30 | $1.27B | $1.16B - $1.30B | $8.45 | $7.51 - $8.70 | $362.7M | $337.1M | $416.0M | $206.9M | 4 rev / 3 EPS |
| 2027-09-30 | $1.35B | $1.23B - $1.38B | $9.11 | $8.10 - $9.38 | $386.4M | $359.1M | $448.9M | $220.4M | 4 rev / 3 EPS |
| 2027-12-30 | $1.38B | $1.26B - $1.41B | $9.37 | $8.33 - $9.65 | $395.7M | $367.7M | $461.6M | $225.6M | 7 rev / 6 EPS |
| 2028-03-30 | $1.33B | $1.22B - $1.36B | $8.67 | $7.71 - $8.93 | $380.5M | $353.6M | $427.2M | $217.0M | 7 rev / 8 EPS |
| 2028-06-30 | $1.41B | $1.29B - $1.44B | $9.27 | $8.24 - $9.55 | $403.4M | $374.8M | $456.8M | $230.0M | 3 rev / 4 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 3 | $2037.67 |
| Last quarter | 4 | $1953.25 |
| Last year | 25 | $1464.36 |
| All time | 42 | $1153.71 |
Sources: StreetInsider, Benzinga, Pulse 2.0
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-07-31 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-07-31 | Rosenblatt | Maintain | Neutral | Neutral |
| 2026-07-31 | Truist Securities | Maintain | Buy | Buy |
| 2026-07-31 | Needham | Maintain | Buy | Buy |
| 2026-07-31 | Keybanc | Maintain | Overweight | Overweight |
| 2026-07-20 | Wells Fargo | Maintain | Overweight | Overweight |
| 2026-05-01 | Rosenblatt | Maintain | Neutral | Neutral |
| 2026-05-01 | Needham | Maintain | Buy | Buy |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-08-01 | 3 | 11 | 2 | 0 | 0 |
| 2026-07-01 | 2 | 11 | 2 | 0 | 0 |
| 2026-06-01 | 2 | 12 | 2 | 0 | 0 |
| 2026-05-01 | 2 | 12 | 2 | 0 | 1 |
| 2026-04-01 | 3 | 12 | 2 | 0 | 1 |
| 2026-03-01 | 3 | 12 | 2 | 0 | 0 |
| 2026-02-01 | 2 | 12 | 2 | 0 | 1 |
| 2026-01-01 | 2 | 12 | 3 | 0 | 1 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.79B | $1.54B | 55.2% | $382.3M | $728.6M | $817.2M | $615.9M | $12.82 |
| FY 2024 | $2.21B | $1.22B | 55.3% | $324.7M | $539.4M | $609.3M | $1.79B | $36.76 |
| FY 2023 | $1.82B | $1.02B | 56.1% | $263.6M | $481.7M | $546.0M | $427.4M | $8.98 |
| FY 2022 | $1.79B | $1.05B | 58.4% | $240.2M | $526.8M | $562.1M | $437.7M | $9.37 |
| FY 2021 | $1.21B | $685.5M | 56.8% | $190.6M | $262.4M | $300.9M | $242.0M | $5.28 |
| FY 2020 | $844.5M | $466.0M | 55.2% | $137.6M | $158.9M | $185.9M | $164.4M | $3.67 |
| FY 2019 | $627.9M | $346.3M | 55.2% | $107.8M | $102.6M | $119.9M | $108.8M | $2.52 |
| FY 2018 | $582.4M | $322.7M | 55.4% | $93.5M | $113.5M | $127.7M | $105.3M | $2.36 |
| FY 2017 | $470.9M | $258.3M | 54.8% | $82.4M | $77.4M | $94.8M | $65.2M | $1.58 |
| FY 2016 | $388.7M | $210.9M | 54.3% | $73.6M | $54.4M | $68.9M | $52.7M | $1.30 |
| FY 2015 | $333.1M | $180.2M | 54.1% | $65.8M | $41.1M | $55.9M | $35.2M | $0.89 |
| FY 2014 | $282.5M | $152.6M | 54.0% | $58.6M | $35.3M | $40.4M | $35.5M | $0.92 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | $838.2M | $174.9M | $666.2M |
| FY 2024 | $788.4M | $146.1M | $642.3M |
| FY 2023 | $638.2M | $57.6M | $580.6M |
| FY 2022 | $246.7M | $58.8M | $187.8M |
| FY 2021 | $320.0M | $95.2M | $224.8M |
| FY 2020 | $267.8M | $55.6M | $212.2M |
| FY 2019 | $216.3M | $96.8M | $119.5M |
| FY 2018 | $141.5M | $22.5M | $118.9M |
| FY 2017 | $133.8M | $65.8M | $68.0M |
| FY 2016 | $107.8M | $37.1M | $70.7M |
| FY 2015 | $69.7M | $16.0M | $53.7M |
| FY 2014 | $74.1M | $9.5M | $64.6M |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $1.26B | $315.6M | $564.6M | $652.6M | $4.19B | $24.1M | -$1.08B | $662.7M | $3.53B |
| FY 2024 | $862.9M | $232.5M | $419.6M | $529.1M | $3.62B | $15.8M | -$676.0M | $471.3M | $3.15B |
| FY 2023 | $1.11B | $250.0M | $383.7M | $369.0M | $2.43B | $5.6M | -$522.3M | $384.4M | $2.05B |
| FY 2022 | $737.9M | $197.2M | $447.3M | $357.2M | $2.06B | $1.7M | -$286.9M | $390.3M | $1.67B |
| FY 2021 | $725.1M | $126.5M | $259.4M | $363.0M | $1.59B | $0 | -$189.3M | $341.8M | $1.24B |
| FY 2020 | $595.1M | $81.3M | $157.1M | $281.5M | $1.21B | $3.1M | -$331.8M | $241.9M | $966.6M |
| FY 2019 | $455.4M | $61.3M | $127.5M | $231.2M | $956.4M | $2.4M | -$170.6M | $182.9M | $773.5M |
| FY 2018 | $377.3M | $61.0M | $136.4M | $150.0M | $793.4M | $0 | -$172.7M | $153.3M | $640.1M |
| FY 2017 | $299.1M | $40.6M | $99.3M | $144.6M | $651.4M | $0 | -$82.8M | $129.4M | $522.0M |
| FY 2016 | $268.2M | $35.5M | $71.5M | $85.2M | $511.1M | $0 | -$112.7M | $80.0M | $431.1M |
| FY 2015 | $235.0M | $30.8M | $63.2M | $65.4M | $431.3M | $0 | -$90.9M | $62.8M | $368.5M |
| FY 2014 | $238.7M | $25.6M | $40.9M | $62.9M | $399.4M | $0 | -$126.3M | $52.9M | $346.4M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 55.2% | 26.1% | 22.1% | 5.9x | 4.4x | 17.4% | 15.3% | 15.2x | 52.0x | 1.5% | 13.7% | 166d |
| FY 2024 | 55.3% | 24.4% | 81.0% | 5.3x | 3.9x | 56.8% | 16.2% | 12.7x | 46.1x | 2.2% | 14.7% | 156d |
| FY 2023 | 56.1% | 26.5% | 23.5% | 7.7x | 6.1x | 20.8% | 18.5% | 16.2x | 54.0x | 1.9% | 14.5% | 196d |
| FY 2022 | 58.4% | 29.4% | 24.4% | 5.4x | 3.7x | 26.2% | 24.5% | 9.0x | 28.9x | 1.1% | 13.4% | 229d |
| FY 2021 | 56.8% | 21.7% | 20.0% | 5.0x | 3.8x | 19.5% | 17.2% | 18.6x | 74.5x | 1.0% | 15.8% | 161d |
| FY 2020 | 55.2% | 18.8% | 19.5% | 5.7x | 4.7x | 17.0% | 14.5% | 19.1x | 86.6x | 1.3% | 16.3% | 150d |
| FY 2019 | 55.2% | 16.3% | 17.3% | 6.7x | 5.4x | 14.1% | 11.5% | 12.0x | 62.7x | 1.6% | 17.2% | 166d |
| FY 2018 | 55.4% | 19.5% | 18.1% | 7.2x | 5.5x | 16.4% | 14.1% | 8.6x | 39.2x | 2.3% | 16.0% | 198d |
| FY 2017 | 54.8% | 16.4% | 13.8% | 6.9x | 5.4x | 12.5% | 10.4% | 9.7x | 48.2x | 1.5% | 17.5% | 163d |
| FY 2016 | 54.3% | 14.0% | 13.6% | 7.2x | 5.9x | 12.2% | 10.9% | 8.2x | 46.5x | 2.1% | 18.9% | 144d |
| FY 2015 | 54.1% | 12.3% | 10.6% | 7.7x | 6.2x | 9.5% | 8.8% | 7.3x | 43.4x | 2.1% | 19.8% | 152d |
| FY 2014 | 54.0% | 12.5% | 12.6% | 8.4x | 7.2x | 10.2% | 9.5% | 6.4x | 44.5x | 3.4% | 20.7% | 111d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +26.4% | +26.1% | +17.7% | +35.1% | -65.5% | -65.1% | +3.7% | -17.7% | +45.6% | +34.6% | +16.0% | +52.6% |
| FY 2024 | +21.2% | +19.6% | +23.2% | +12.0% | +318.1% | +309.4% | +10.6% | -153.8% | -22.2% | +9.4% | +48.6% | +183.8% |
| FY 2023 | +1.5% | -2.6% | +9.8% | -8.6% | -2.4% | -4.2% | +209.1% | +2.1% | +50.2% | -14.2% | +18.2% | +234.4% |
| FY 2022 | +48.5% | +53.0% | +26.0% | +100.7% | +80.8% | +77.5% | -16.4% | +38.2% | +1.8% | +72.4% | +29.8% | 0.0% |
| FY 2021 | +43.0% | +47.1% | +38.5% | +65.2% | +47.2% | +43.9% | +5.9% | -71.2% | +21.8% | +65.2% | +31.2% | -100.0% |
| FY 2020 | +34.5% | +34.5% | +27.7% | +54.9% | +51.0% | +45.6% | +77.5% | +42.5% | +30.7% | +23.2% | +26.4% | +31.5% |
| FY 2019 | +7.8% | +7.3% | +15.3% | -9.6% | +3.4% | +6.8% | +0.5% | -329.7% | +20.7% | -6.5% | +20.5% | 0.0% |
| FY 2018 | +23.7% | +24.9% | +13.5% | +46.6% | +61.4% | +49.4% | +74.8% | +65.8% | +26.1% | +37.4% | +21.8% | 0.0% |
| FY 2017 | +21.2% | +22.5% | +11.8% | +42.2% | +23.7% | +21.5% | -3.7% | -77.2% | +11.5% | +38.9% | +27.5% | 0.0% |
| FY 2016 | +16.7% | +17.0% | +11.9% | +32.6% | +49.9% | +46.1% | +31.6% | -131.6% | +14.2% | +13.1% | +18.5% | 0.0% |
| FY 2015 | +17.9% | +18.1% | +12.3% | +16.3% | -0.9% | -3.3% | -16.9% | -68.5% | -1.6% | +54.5% | +8.0% | 0.0% |
| FY 2014 | +18.7% | +19.3% | +17.8% | +47.6% | +55.0% | +50.8% | +43.9% | +39.7% | +5.5% | +3.0% | +8.3% | 0.0% |
SegmentsFY 2023
Revenue Mix
Latest product mixFY 2023 · $1.82B
DC To DC Products$1.72B · 94.4%
Lighting Control Products$102.4M · 5.6%
Latest geography mixFY 2025 · $2.79B
CHINA$1.54B · 55.3%
TAIWAN, PROVINCE OF CHINA$550.1M · 19.7%
KOREA, REPUBLIC OF$252.7M · 9.1%
South East Asia$148.1M · 5.3%
Europe$113.5M · 4.1%
UNITED STATES$96.7M · 3.5%
JAPAN$84.4M · 3.0%
Other Region$484,000 · 0.0%
Product revenue annual
| Period | Total | DC To DC Products | Lighting Control Products |
|---|---|---|---|
| FY 2023 | $1.82B | $1.72B | $102.4M |
| FY 2022 | $1.79B | $1.70B | $97.6M |
| FY 2021 | $1.21B | $1.15B | $60.5M |
| FY 2020 | $844.5M | $800.5M | $44.0M |
| FY 2019 | $627.9M | $589.7M | $38.3M |
| FY 2018 | $582.4M | $537.5M | $44.9M |
| FY 2017 | $470.9M | $431.9M | $39.1M |
| FY 2016 | $388.7M | $350.9M | $37.7M |
| FY 2013 | $238.1M | $211.3M | $26.8M |
| FY 2012 | $213.8M | $188.7M | $25.1M |
Geography revenue annual
| Period | Total | CHINA | TAIWAN, PROVINCE OF CHINA | KOREA, REPUBLIC OF | Europe | South East Asia | JAPAN | UNITED STATES | Other Region |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $2.79B | $1.54B | $550.1M | $252.7M | $113.5M | $148.1M | $84.4M | $96.7M | $484,000 |
| FY 2024 | $2.21B | $1.18B | $578.0M | $167.9M | $86.9M | $78.8M | $61.7M | $55.2M | $310,000 |
| FY 2023 | $1.82B | $934.8M | $307.5M | $169.9M | $132.6M | $85.2M | $93.3M | $97.3M | $534,000 |
| FY 2022 | $1.79B | $938.9M | $233.0M | $189.5M | $145.6M | $95.7M | $91.0M | $99.8M | $509,000 |
| FY 2021 | $1.21B | $701.0M | $169.1M | $93.0M | $85.2M | $54.6M | $68.7M | $35.8M | $354,000 |
| FY 2020 | $844.5M | $516.5M | $109.3M | $64.1M | $56.3M | $42.4M | $35.5M | $20.1M | $293,000 |
| FY 2019 | $627.9M | $382.7M | $73.8M | $43.9M | $49.5M | $32.0M | $27.8M | $17.8M | $334,000 |
| FY 2018 | $582.4M | $334.7M | $75.3M | $41.2M | $49.5M | $36.5M | $26.9M | $17.6M | $658,000 |
| FY 2017 | $470.9M | $257.8M | $83.4M | $34.2M | $38.1M | $25.8M | $20.2M | $11.1M | $435,000 |
| FY 2016 | $388.7M | $245.2M | $45.4M | $27.7M | $27.6M | $19.6M | $14.3M | $8.6M | $288,000 |
| FY 2013 | $238.1M | $141.4M | $34.2M | $10.0M | $15.4M | $21.8M | $7.5M | $7.5M | $320,000 |
| FY 2012 | $213.8M | $124.3M | $27.5M | $9.4M | $16.2M | $21.6M | $8.5M | $5.7M | $555,000 |
Transcripts70 on file
Transcripts
Events
Events
Next earnings
2026-10-29EPS est $7.69
Latest news
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