Monolithic Power System Inc

Monolithic Power System Inc

MPWR

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Market Cap$70.06B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Monolithic Power System IncMonolithic Power System Inc870.5%21%21.6-

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

26.3% upsideMonolithic Power System Target Price DetailsTarget Price
$377.82

Current Fair Value

73.5% downside

Overvalued by 73.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$70.06 Billion
Enterprise Value$69.13 Billion
Dividend Yield$7.12 (0.50%)
Earnings per Share$12.82
Beta1.71
Outstanding Shares49,118,000

Return

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

Valuation & Multiples

P/E Ratio86.95P/E Ratio
PEG94.1PEG
Price to Sales21.61Price to Sales
Price to Book Ratio18.05Price to Book Ratio
Enterprise Value to Revenue21.12
Enterprise Value to EBIT71.39
Enterprise Value to Net Income86
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
$7.62
Average shareholder expectation
Revenue Estimate
$1.14 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 140.46%
Total Calls- 100.00%
Total Puts- 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.48% 88.79%
Total Invested$2.94B 94.10%
Investors Holding471 686.00%

ESG Score

No data

About Monolithic Power System Inc

CEO: Michael Hsing

Relevant Senate Committees

Finance

As the primary tax-writing committee, it controls taxation and trade policy. Changes to corporate tax rates, R&D credits, and international trade policies (tariffs, export controls) directly impact the semiconductor industry's profitability, supply chains, and global competitiveness.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine precise funding for defense programs, scientific research, and infrastructure projects, which are significant drivers of demand and R&D for the semiconductor industry.

Judiciary

This committee oversees antitrust laws and intellectual property (IP). IP protection is paramount in the semiconductor industry, and antitrust actions can significantly impact major tech customers or competitors, directly influencing the legal and competitive landscape.

Armed Services

This committee oversees the Department of Defense and authorizes the annual NDAA. Semiconductors are critical components of modern military technology, so funding decisions directly impact demand and R&D for defense-related chips.

Commerce, Science, and Transportation

This committee has vast jurisdiction over interstate commerce, telecommunications, and technology. It directly impacts 'Big Tech,' aerospace, and telecommunications, which are major end-markets for semiconductor products, through privacy laws, R&D funding, and safety regulations.

Foreign Relations

U.S. foreign policy, treaties, and sanctions heavily impact global supply chains, international trade, and market access for semiconductors. Geopolitical tensions (e.g., US-China tech relations) directly affect the industry.