Monolithic Power System Inc

Monolithic Power System Inc

MPWR

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Market Cap$68.88B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Monolithic Power System IncMonolithic Power System Inc85.50.51%21%20.6-

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Record growth & broad demand (what’s good) - Q2’26 revenue: ~$981M, a record and up 22% QoQ and 48% vs Q2’25. - Enterprise data (largest driver) grew 45% sequentially, attributed to strong ordering, existing customer ramps, new customer ramps, and increasing module content / platform refreshes. - All end markets grew sequentially; even outside enterprise data, multiple segments showed double-digit growth (per commentary), supporting the view that demand isn’t purely one-product/one-end-market.
Capacity expansion + “full solution provider” push (what’s important operationally) - Company extended capacity goals beyond $6B to support future growth and its transformation from “chip-only” to a full solution provider (modules/solutions, not just ICs). - Capacity isn’t just wafer/capex—they emphasized growth also involves back-end/module assembly capacity, which adds complexity but is increasingly qualified/mature after years of scaling (journey since 2017). - Momentum into H2: management expects H1 flatter / H2 ramp in automotive; for enterprise data/comms, they pointed to continued strong ordering patterns and well-above 1.0 book-to-bill (structural drivers unchanged).
Comms surge details: optical + switches content rising (surprising / noteworthy) - Strong communications growth is driven by both optical module solutions and “switches” bucket (includes rack power solutions for top-of-rack switches, TPUs, NIC cards, smartNICs, etc.). - Optical still has the larger portion (longer runway), but management confirmed switch/rack-related content is increasingly contributing, which helps validate that comms strength isn’t solely one subcategory. - Competition/share: they avoided giving a precise market share % but argued there is room for share gain and they expect continued growth in comms net of TAM/share.

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$1800.56

Target Price by Analysts

32.1% upsideMonolithic Power System Target Price DetailsTarget Price
$382.43

Current Fair Value

71.9% downside

Overvalued by 71.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$68.88 Billion
Enterprise Value$67.95 Billion
Dividend Yield$7.12 (0.51%)
Earnings per Share$12.82
Beta1.69
Outstanding Shares49,118,000

Return

Return on Equity20.51%ROE
Return on Assets17.05%
Return on Invested Capital23.12%

Valuation & Multiples

P/E Ratio85.49P/E Ratio
PEG92.51PEG
Price to Sales20.64Price to Sales
Price to Book Ratio17.25Price to Book Ratio
Enterprise Value to Revenue20.76
Enterprise Value to EBIT70.17
Enterprise Value to Net Income85
Total Debt to Enterprise0
Debt to Equity0.02Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$5.87
Average shareholder expectation
Revenue Estimate
$903.30 M
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$7.69
Average shareholder expectation
Revenue Estimate
$1.15 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.7132 69.15%
Total Calls25,800 89.31%
Total Puts18,400 94.57%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %26.86% 66.40%
Total Invested$18.08B 63.79%
Investors Holding685 472.00%

ESG Score

No data

About Monolithic Power System Inc

CEO: Michael Hsing