MPWR
Monolithic Power Systems, Inc.
MPWR
1380.62USD
+8.06%
Sep 23, 2026
Price
Loading price history…
Price Action
No clear price read
Longer-term context reads near trend floor, with a near-term setup of daily advance.
EntryReset + recovery
The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.
Key Financials
- Market Cap
- $67.8B
- Avg Volume (60D)
- 769.3K
- Revenue Growth YoY
- +26.4%
- Gross Margin
- +55.2%
- Operating Margin
- +28.7%
- Free Cash Flow Yield
- +0.9%
- Distance from 200DMA
- +9.1%
- Next Earnings
- 2026-10-29
- P/E
- 84.6x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
Both valuation perspectives agree this company is expensive.
Monolithic Power Systems, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at a 0.9% free-cash-flow yield, which requires sustained delivery to be justified.
Company Research
Thesis
MPWR is a direct component supplier to AI and server platforms, supplying power-management ICs and increasingly integrated module and system-level solutions rather than facility-scale electrical or cooling infrastructure.
Opportunity
Moderate opportunity
Server and accelerator-cluster power-density growth drives demand for point-of-load conversion, voltage regulation, power modules, high-voltage conversion, and related power-management semiconductors inside AI systems.
Key risk
Exposure to semiconductor industry cyclicality.
Narrative & Theme
AI Compute Infrastructure Buildout
Part of AI Server Power Conversion and Management Semiconductors, with strong fit.
MPWR has material and rapidly accelerating exposure to AI/server power-management demand, making its participation substantially more direct than generic semiconductor adjacency.
Narrative HeatHot9.5 / 10
Theme HeatHeating up7.6 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Semiconductors
What they do
Monolithic Power Systems designs and sells semiconductor-based power electronics solutions that convert and control voltages for a wide range of electronic systems globally.
How it earns
The company generates revenue primarily through transactional sales of semiconductor products.
Products & services
DC to DC power conversion solutions
AC to DC power conversion solutions
Driver metal-oxide-semiconductor devices
Customers & end markets
Cloud and on-premises CPU servers and workstations
AI systems
Memory and storage solutions
Notebooks
Infotainment systems
Home appliances
Network infrastructure
Satellite communications
Market position
Leader in semiconductor power management solutions with a broad international customer base.
Demand drivers
Medium cyclicality
Demand is influenced by technology adoption cycles and capital expenditure in end markets like data centers and consumer electronics.