Symbols / MPWR Stock $1550.02 -3.96% Monolithic Power Systems, Inc.

Technology • Semiconductors • United States • NMS
MPWR (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Semiconductors
CEO Mr. Michael R. Hsing
Exch · Country NMS · United States
Market Cap 76.15B
Enterprise Value 74.81B
Income 679.66M
Sales 2.96B
FCF (ttm) 491.72M
Book/sh 74.85
Cash/sh 27.83
Employees 4,501
Insider 10d —
IPO Nov 19, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 47.82%
P/E 111.11
Forward P/E 51.40
PEG 2.12
P/S 25.75
P/B 20.71
P/C —
EV/EBITDA 87.27
EV/Sales 25.30
Quick Ratio 3.43
Current Ratio 4.79
Debt/Eq 0.54
LT Debt/Eq —
EPS (ttm) 13.95
EPS next Y 30.16
EPS Growth 39.50%
Revenue Growth 26.10%
EPS Gr Q/Q 43.10%
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2026-04-30
ROA 12.13%
ROE 19.57%
ROIC —
Gross Margin 55.17%
Oper. Margin 29.99%
Profit Margin 22.98%
Shs Outstand 49.13M
Shs Float 47.25M
Insider Own 3.73%
Instit Own 102.12%
Short Float 4.71%
Short Ratio 2.87
Short Interest 1.72M
52W High 1,675.42
vs 52W High -7.48%
52W Low 643.36
vs 52W Low 140.93%
Beta 1.74
Impl. Vol. 57.91%
Rel Volume 1.19
Avg Volume 575.08K
Volume 684.96K
Target (mean) $1,797.14
Tgt Median $1,812.50
Tgt Low $1,500.00
Tgt High $2,000.00
# Analysts 14
Recom Strong_buy
Prev Close $1,613.97
Price $1,550.02
Change -3.96%
About

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$1797.14
Mean price target
2. Current target
$1550.02
Latest analyst target
3. DCF / Fair value
$180.15
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1550.02
Low
$1500.00
High
$2000.00
Mean
$1797.14

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 main TD Cowen Buy → Buy $1850
2026-05-01 main Wells Fargo Overweight → Overweight $1860
2026-05-01 main Keybanc Overweight → Overweight $2000
2026-05-01 main Rosenblatt Neutral → Neutral $1575
2026-05-01 main Needham Buy → Buy $1750
2026-04-16 main Stifel Buy → Buy $1500
2026-02-09 main Citigroup Buy → Buy $1350
2026-02-06 main Wells Fargo Overweight → Overweight $1350
2026-02-06 main Truist Securities Buy → Buy $1396
2026-02-06 main Keybanc Overweight → Overweight $1500
2026-02-06 main Rosenblatt Neutral → Neutral $1000
2026-02-06 main Needham Buy → Buy $1300
2026-02-04 main Stifel Buy → Buy $1300
2026-01-26 main Wells Fargo Overweight → Overweight $1200
2026-01-15 up Wells Fargo Equal-Weight → Overweight $1125
2025-12-19 main Truist Securities Buy → Buy $1375
2025-11-03 main Citigroup Buy → Buy $1250
2025-10-31 main TD Cowen Buy → Buy $1250
2025-10-31 main Keybanc Overweight → Overweight $1300
2025-10-31 main Rosenblatt Neutral → Neutral $950
News
RSS: Latest MPWR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-06 ZHOU JEFFREY Director — 1,514 $1,574.48 $2,434,283
2026-05-06 ELMIGER EUGEN J Director — 12,000 $1,559.88 $19,019,482
2026-05-06 WYNNE EILEEN Director — 335 $1,582.68 $530,198
2026-05-06 XIAO DEMING Officer — 30,000 $1,648.38 $49,636,560
2026-05-05 SCIAMMAS MAURICE Officer — 380 $1,583.81 $601,848
2026-05-04 SCIAMMAS MAURICE Officer — 30 $1,588.73 $47,662
2026-04-08 TSENG SARIA H General Counsel — 8,963 $1,266.48 $11,698,654
2026-04-06 TSENG SARIA H General Counsel — 7,636 $1,139.96 $8,918,434
2026-04-01 TSENG SARIA H General Counsel — 1,400 $1,131.24 $1,586,924
2026-04-01 SCIAMMAS MAURICE Officer — 30 $1,116.44 $33,493
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2,790.46
+26.43%
2,207.10
+21.20%
1,821.07
+1.50%
1,794.15
Operating Revenue
2,790.46
+26.43%
2,207.10
+21.20%
1,821.07
+1.50%
1,794.15
Cost Of Revenue
1,250.72
+26.82%
986.23
+23.29%
799.95
+7.29%
745.60
Reconciled Cost Of Revenue
1,250.72
+26.82%
986.23
+23.29%
799.95
+7.29%
745.60
Gross Profit
1,539.74
+26.12%
1,220.87
+19.56%
1,021.12
-2.62%
1,048.55
Operating Expense
811.11
+19.02%
681.51
+26.35%
539.38
+3.38%
521.77
Research And Development
382.26
+17.71%
324.75
+23.18%
263.64
+9.77%
240.17
Selling General And Administration
428.84
+20.20%
356.76
+29.38%
275.74
-2.08%
281.60
Total Expenses
2,061.82
+23.63%
1,667.74
+24.52%
1,339.34
+5.68%
1,267.36
Operating Income
728.64
+35.09%
539.36
+11.96%
481.74
-8.55%
526.78
Total Operating Income As Reported
728.64
+35.09%
539.36
+11.96%
481.74
-8.55%
526.78
EBITDA
781.15
+35.67%
575.79
+10.32%
521.90
-7.45%
563.90
Normalized EBITDA
771.12
+36.15%
566.39
+10.32%
513.40
-10.01%
570.50
Reconciled Depreciation
52.51
+44.15%
36.43
-9.31%
40.17
+8.23%
37.11
EBIT
728.64
+35.09%
539.36
+11.96%
481.74
-8.55%
526.78
Total Unusual Items
10.03
+6.73%
9.40
+10.52%
8.51
+228.86%
-6.60
Total Unusual Items Excluding Goodwill
10.03
+6.73%
9.40
+10.52%
8.51
+228.86%
-6.60
Special Income Charges
—
—
—
-8.00
Other Special Charges
—
—
—
8.00
Net Income
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Pretax Income
766.22
+33.74%
572.91
+13.26%
505.84
-3.64%
524.94
Net Non Operating Interest Income Expense
29.15
+7.60%
27.09
+15.97%
23.36
+62.59%
14.37
Net Interest Income
29.15
+7.60%
27.09
+15.97%
23.36
+62.59%
14.37
Interest Income Non Operating
29.15
+7.60%
27.09
+15.97%
23.36
+62.59%
14.37
Interest Income
29.15
+7.60%
27.09
+15.97%
23.36
+62.59%
14.37
Other Income Expense
8.43
+30.46%
6.46
+770.75%
0.74
+104.58%
-16.22
Other Non Operating Income Expenses
-5.71
+75.28%
-23.08
-77.02%
-13.04
-148.76%
-5.24
Gain On Sale Of Security
10.03
+6.73%
9.40
+10.52%
8.51
+228.86%
-6.60
Tax Provision
144.73
+114.20%
-1,019.15
-1398.82%
78.47
-10.08%
87.27
Tax Rate For Calcs
0.00
-10.00%
0.00
+35.48%
0.00
-6.63%
0.00
Tax Effect Of Unusual Items
1.90
-3.94%
1.97
+49.74%
1.32
+220.32%
-1.10
Net Income Including Noncontrolling Interests
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Net Income From Continuing Operation Net Minority Interest
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Net Income From Continuing And Discontinued Operation
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Net Income Continuous Operations
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Normalized Income
613.35
-61.29%
1,584.63
+277.13%
420.19
-5.19%
443.18
Net Income Common Stockholders
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Diluted EPS
12.86
-64.85%
36.59
+317.69%
8.76
-3.20%
9.05
Basic EPS
12.94
-64.80%
36.76
+309.35%
8.98
-4.16%
9.37
Basic Average Shares
48.03
-1.16%
48.60
+2.08%
47.61
+1.89%
46.73
Diluted Average Shares
48.31
-1.08%
48.84
+0.13%
48.77
+0.85%
48.36
Diluted NI Availto Com Stockholders
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Securities Amortization
-4.10
+79.63%
-20.14
-281.75%
-5.28
-220.62%
4.38
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,194.20
+19.29%
3,515.82
+44.43%
2,434.35
+18.24%
2,058.89
Current Assets
2,183.80
+39.54%
1,565.05
-13.98%
1,819.50
+28.99%
1,410.62
Cash Cash Equivalents And Short Term Investments
1,256.55
+45.61%
862.95
-22.15%
1,108.48
+50.23%
737.87
Cash And Cash Equivalents
1,099.30
+58.90%
691.82
+31.06%
527.84
+82.89%
288.61
Cash Equivalents
129.67
+992.73%
11.87
-91.24%
135.51
+776.43%
15.46
Cash Financial
969.63
+42.60%
679.95
+73.31%
392.33
+43.63%
273.14
Other Short Term Investments
157.24
-8.11%
171.13
-70.53%
580.63
+29.24%
449.27
Receivables
315.63
+35.74%
232.52
-6.99%
250.00
+26.78%
197.19
Accounts Receivable
255.63
+48.17%
172.52
-4.08%
179.86
-1.56%
182.71
Other Receivables
60.00
+0.00%
60.00
+20.00%
50.00
—
Taxes Receivable
—
0.01
-99.95%
20.14
+39.10%
14.48
Accrued Interest Receivable
—
—
—
8.75
Inventory
564.65
+34.56%
419.61
+9.36%
383.70
-14.22%
447.29
Raw Materials
107.80
+17.37%
91.85
-22.76%
118.92
-6.19%
126.76
Work In Process
220.41
+29.67%
169.98
+50.76%
112.75
-15.90%
134.07
Finished Goods
236.44
+49.85%
157.78
+3.78%
152.03
-18.46%
186.46
Prepaid Assets
—
36.08
+24.58%
28.96
+162.24%
11.04
Restricted Cash
—
0.00
-100.00%
33.20
0.00
Other Current Assets
46.98
-5.99%
49.98
+229.80%
15.15
-11.98%
17.22
Total Non Current Assets
2,010.40
+3.06%
1,950.77
+217.27%
614.85
-5.15%
648.27
Net PPE
627.69
+26.82%
494.94
+34.15%
368.95
+3.30%
357.16
Gross PPE
932.40
+24.79%
747.16
+24.86%
598.40
+8.54%
551.30
Accumulated Depreciation
-304.71
-20.82%
-252.21
-9.92%
-229.44
-18.18%
-194.14
Properties
0.00
0.00
0.00
0.00
Land And Improvements
53.15
+4.87%
50.68
+4.52%
48.49
+15.66%
41.92
Buildings And Improvements
240.69
+7.22%
224.49
+9.44%
205.13
+5.09%
195.21
Machinery Furniture Equipment
79.37
-7.19%
85.52
+111.93%
40.35
+0.91%
39.99
Construction In Progress
63.77
+132.07%
27.48
+61.82%
16.98
+789.94%
1.91
Other Properties
469.63
+37.85%
340.69
+26.00%
270.39
+6.08%
254.88
Leases
25.80
+40.96%
18.30
+7.32%
17.05
-1.94%
17.39
Goodwill And Other Intangible Assets
34.73
-3.20%
35.88
+446.07%
6.57
+0.00%
6.57
Goodwill
25.94
+0.00%
25.94
+294.83%
6.57
+0.00%
6.57
Other Intangible Assets
8.79
-11.55%
9.94
—
—
Non Current Deferred Assets
1,289.98
-2.14%
1,318.15
+1138.46%
106.44
+8.30%
98.27
Non Current Deferred Taxes Assets
1,182.88
-3.48%
1,225.57
+4268.59%
28.05
-20.42%
35.25
Non Current Prepaid Assets
0.00
-100.00%
60.00
-50.00%
120.00
-29.41%
170.00
Other Non Current Assets
57.99
+38.77%
41.79
+224.06%
12.90
-20.71%
16.26
Total Liabilities Net Minority Interest
662.70
+17.36%
564.70
+46.90%
384.41
-1.50%
390.28
Current Liabilities
369.37
+25.39%
294.57
+25.33%
235.03
-10.77%
263.40
Payables And Accrued Expenses
283.40
+22.87%
230.65
+29.04%
178.75
+2.06%
175.14
Payables
219.78
+34.71%
163.15
+26.75%
128.72
+7.96%
119.23
Accounts Payable
138.27
+34.87%
102.53
+62.85%
62.96
+2.44%
61.46
Dividends Payable
81.51
+34.46%
60.62
+5.07%
57.70
+36.82%
42.17
Current Accrued Expenses
63.62
-5.75%
67.50
+34.92%
50.03
-10.52%
55.91
Pensionand Other Post Retirement Benefit Plans Current
85.96
+34.49%
63.92
+13.56%
56.29
-36.23%
88.26
Total Tax Payable
—
—
8.06
-48.30%
15.60
Income Tax Payable
—
—
8.06
-48.30%
15.60
Current Deferred Liabilities
—
—
—
—
Current Deferred Revenue
—
—
—
—
Total Non Current Liabilities Net Minority Interest
293.34
+8.59%
270.13
+80.84%
149.38
+17.73%
126.88
Long Term Debt And Capital Lease Obligation
19.97
+53.94%
12.97
+133.14%
5.57
+234.44%
1.66
Long Term Capital Lease Obligation
19.97
+53.94%
12.97
+133.14%
5.57
+234.44%
1.66
Tradeand Other Payables Non Current
75.02
+15.08%
65.19
+7.36%
60.72
+13.48%
53.51
Non Current Deferred Liabilities
194.43
+3.96%
187.02
+131.17%
80.90
+24.73%
64.86
Non Current Deferred Taxes Liabilities
90.48
-3.09%
93.37
—
—
Other Non Current Liabilities
3.91
-20.92%
4.94
+126.02%
2.19
-68.06%
6.85
Stockholders Equity
3,531.50
+19.67%
2,951.12
+43.96%
2,049.94
+22.85%
1,668.60
Common Stock Equity
3,531.50
+19.67%
2,951.12
+43.96%
2,049.94
+22.85%
1,668.60
Capital Stock
937.00
+32.57%
706.82
-37.45%
1,129.94
+15.86%
975.28
Common Stock
937.00
+32.57%
706.82
-37.45%
1,129.94
+15.86%
975.28
Share Issued
48.71
+1.85%
47.82
-0.43%
48.03
+1.96%
47.11
Ordinary Shares Number
48.71
+1.85%
47.82
-0.43%
48.03
+1.96%
47.11
Retained Earnings
2,609.65
+13.82%
2,292.82
+142.10%
947.06
+32.20%
716.40
Gains Losses Not Affecting Retained Earnings
-15.15
+68.77%
-48.51
-79.26%
-27.06
-17.27%
-23.08
Other Equity Adjustments
-15.15
+68.77%
-48.51
-79.26%
-27.06
-17.27%
-23.08
Total Equity Gross Minority Interest
3,531.50
+19.67%
2,951.12
+43.96%
2,049.94
+22.85%
1,668.60
Total Capitalization
3,531.50
+19.67%
2,951.12
+43.96%
2,049.94
+22.85%
1,668.60
Working Capital
1,814.44
+42.81%
1,270.49
-19.82%
1,584.46
+38.11%
1,147.22
Invested Capital
3,531.50
+19.67%
2,951.12
+43.96%
2,049.94
+22.85%
1,668.60
Total Debt
19.97
+53.94%
12.97
+133.14%
5.57
+234.44%
1.66
Capital Lease Obligations
19.97
+53.94%
12.97
+133.14%
5.57
+234.44%
1.66
Net Tangible Assets
3,496.76
+19.95%
2,915.24
+42.67%
2,043.37
+22.94%
1,662.03
Tangible Book Value
3,496.76
+19.95%
2,915.24
+42.67%
2,043.37
+22.94%
1,662.03
Current Provisions
—
—
—
14.93
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
838.20
+6.32%
788.41
+23.53%
638.21
+158.73%
246.67
Cash Flow From Continuing Operating Activities
838.20
+6.32%
788.41
+23.53%
638.21
+158.73%
246.67
Net Income From Continuing Operations
621.48
-60.96%
1,592.06
+272.52%
427.37
-2.35%
437.67
Depreciation Amortization Depletion
52.51
+44.15%
36.43
-9.31%
40.17
+8.23%
37.11
Depreciation And Amortization
52.51
+44.15%
36.43
-9.31%
40.17
+8.23%
37.11
Other Non Cash Items
-0.74
-2732.14%
0.03
+101.94%
-1.45
-1591.75%
0.10
Pension And Employee Benefit Expense
-10.03
-6.73%
-9.40
-10.52%
-8.51
-228.86%
6.60
Stock Based Compensation
227.49
+10.63%
205.64
+37.36%
149.71
-7.01%
160.99
Deferred Tax
39.69
+103.58%
-1,108.27
-18996.32%
5.87
+144.36%
-13.22
Deferred Income Tax
39.69
+103.58%
-1,108.27
-18996.32%
5.87
+144.36%
-13.22
Operating Gains Losses
-10.03
-6.73%
-9.40
-10.52%
-8.51
-228.86%
6.60
Gain Loss On Investment Securities
—
—
—
6.60
Change In Working Capital
-88.11
-195.70%
92.07
+203.61%
30.32
+107.84%
-386.96
Change In Receivables
-83.07
-1234.01%
7.33
+153.99%
2.88
+103.70%
-77.90
Changes In Account Receivables
-83.07
-1234.01%
7.33
+153.99%
2.88
+103.70%
-77.90
Change In Inventory
-145.08
-311.98%
-35.22
-155.38%
63.58
+133.81%
-188.07
Change In Payables And Accrued Expense
79.92
+22.17%
65.41
+652.81%
-11.83
-121.02%
56.30
Change In Accrued Expense
36.69
+26.42%
29.02
+277.79%
-16.32
-132.01%
50.98
Change In Payable
43.23
+18.79%
36.40
+710.76%
4.49
-15.60%
5.32
Change In Account Payable
41.24
+77.99%
23.17
+382.99%
4.80
+142.68%
-11.24
Change In Other Working Capital
—
—
-31.19
-209.37%
28.51
Change In Other Current Assets
60.12
+10.22%
54.54
+324.37%
-24.31
+86.29%
-177.28
Investing Cash Flow
-157.27
-170.51%
223.05
+224.80%
-178.73
-1328.67%
-12.51
Cash Flow From Continuing Investing Activities
-157.27
-170.51%
223.05
+224.80%
-178.73
-1328.67%
-12.51
Net PPE Purchase And Sale
-172.01
-17.72%
-146.12
-153.77%
-57.58
+2.15%
-58.84
Purchase Of PPE
—
—
—
—
Sale Of PPE
—
—
—
—
Capital Expenditure
-174.94
-6.48%
-164.29
-185.34%
-57.58
+2.15%
-58.84
Net Investment Purchase And Sale
22.15
-94.79%
425.43
+472.22%
-114.30
-281.93%
62.83
Purchase Of Investment
-397.43
+63.29%
-1,082.71
-85.84%
-582.60
-785.62%
-65.78
Sale Of Investment
419.58
-72.18%
1,508.13
+222.04%
468.31
+264.13%
128.61
Net Business Purchase And Sale
0.00
+100.00%
-33.28
0.00
0.00
Purchase Of Business
0.00
+100.00%
-33.28
0.00
0.00
Net Intangibles Purchase And Sale
-2.93
+83.89%
-18.18
0.00
0.00
Purchase Of Intangibles
-2.93
+83.89%
-18.18
0.00
0.00
Net Other Investing Changes
-4.48
+6.85%
-4.81
+29.87%
-6.85
+58.45%
-16.49
Financing Cash Flow
-285.86
+67.23%
-872.23
-374.75%
-183.72
-42.66%
-128.78
Cash Flow From Continuing Financing Activities
-285.86
+67.23%
-872.23
-374.75%
-183.72
-42.66%
-128.78
Net Common Stock Issuance
-7.69
+98.79%
-636.24
-16907.32%
-3.74
0.00
Common Stock Payments
-7.69
+98.79%
-636.24
-16907.32%
-3.74
0.00
Common Stock Dividend Paid
-284.80
-18.36%
-240.62
-29.48%
-185.84
-34.70%
-137.97
Cash Dividends Paid
-284.80
-18.36%
-240.62
-29.48%
-185.84
-34.70%
-137.97
Repurchase Of Capital Stock
-7.69
+98.79%
-636.24
-16907.32%
-3.74
0.00
Proceeds From Stock Option Exercised
9.22
+5.65%
8.73
+0.47%
8.69
-22.69%
11.23
Net Other Financing Charges
-2.60
+36.38%
-4.09
-44.62%
-2.83
-37.52%
-2.06
Changes In Cash
395.07
+183.75%
139.23
-49.51%
275.76
+161.69%
105.38
Effect Of Exchange Rate Changes
12.51
+247.70%
-8.47
-155.89%
-3.31
+45.19%
-6.04
Beginning Cash Position
691.94
+23.30%
561.18
+94.36%
288.73
+52.45%
189.39
End Cash Position
1,099.52
+58.90%
691.94
+23.30%
561.18
+94.36%
288.73
Free Cash Flow
663.26
+6.27%
624.12
+7.49%
580.63
+209.13%
187.83
Income Tax Paid Supplemental Data
95.06
+19.48%
79.56
-6.54%
85.13
+0.11%
85.03
Amortization Of Securities
-4.10
+79.63%
-20.14
-281.75%
-5.28
-220.62%
4.38
Change In Income Tax Payable
1.99
-84.92%
13.23
+4394.16%
-0.31
-101.86%
16.56
Change In Tax Payable
1.99
-84.92%
13.23
+4394.16%
-0.31
-101.86%
16.56
Earnings Losses From Equity Investments
—
0.00
+100.00%
-1.42
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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