MPWR
Monolithic Power Systems, Inc.
MPWR
1190.44USD
+5.22%
Nov 08, 2026
Price
Loading price history…
Price Action
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $58.1B
- Avg Volume (60D)
- 876.8K
- Revenue Growth YoY
- +26.4%
- Gross Margin
- +55.3%
- Operating Margin
- +29.5%
- Free Cash Flow Yield
- +1.0%
- Distance from 200DMA
- -9.6%
- P/E
- 65.0x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026
Business Performance
ImprovingRevenue growth has accelerated across 4 consecutive quarters, rising from +21% to +63% year over year. Diluted EPS is up 47% year over year ($5.51), but growth has slowed from +86%.
Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+63%
$1.20B in Q3 FY2026 · YoY
YoY growth, last 4 quarters
- +21%
- +26%
- +48%
- +63%
Earnings growthSlowing
+47%
Diluted EPS $5.51 vs $3.74 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
- n/a
- +40%
- +86%
- +47%
Operating marginExpanding
29.8%
+3.3 pp YoY · gross margin 55.4% (+0.2 pp)
Business Quality
8.4 / 10How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.
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 1.0% free-cash-flow yield, which requires sustained delivery to be justified.
Company Research
Thesis
MPWR is a fabless power-management semiconductor supplier whose enterprise-data products address power delivery inside AI servers and associated compute, memory and storage systems. Its AI/server exposure is at the board, module and subsystem power layer rather than the facility electrical-distribution or liquid-cooling layer.
Opportunity
Moderate opportunity
AI-server and rack-scale compute deployments require increasingly dense, efficient power-conversion, regulation, sequencing and monitoring semiconductors as accelerator power draw and rack power density rise.
Key risk
Semiconductor industry cyclicality.
Economic classification
Loading the economic classification…
Business & Markets
Technology · Semiconductors
What they do
Monolithic Power Systems designs and sells semiconductor-based power electronics solutions, operating as a fabless company serving global markets including Asia, Europe, and the Americas.
How it earns
The company generates revenue primarily through transactional sales of semiconductor products to original equipment manufacturers and system integrators.
Products & services
DC to DC power conversion solutions
AC to DC power conversion solutions
Customers & end markets
AI server and enterprise data center operators
Consumer electronics manufacturers
Network infrastructure providers
Market position
Leader in power management semiconductors for AI and enterprise data infrastructure applications.
Demand drivers
Medium cyclicality
Demand is influenced by semiconductor industry cycles and capital spending in data centers and electronics manufacturing.
Peers
Companies validated as economically comparable to MPWR — similar business, revenue model and scale.
PRICE ACTIONVALUATIONTHEME
Vertically integrated manufacturer of analog and embedded semiconductors with expanding U.S. 300mm wafer fabrication capacity.
Theme context unavailableEconomic thesis: Semiconductor Supply Chain Localization
Constructive pullback: trend intact, pulling toward support.30-day price action
ADI is a broad-based analog and mixed-signal semiconductor enabler for industrial automation rather than a pure-play automation-equipment supplier. Its exposure is meaningful but diversified across industrial, automotive, communications and other end markets.
Theme context unavailableEconomic thesis: Smart Manufacturing and Industrial Automation
Weak or broken price action.30-day price action
ON Semiconductor supplies high-voltage silicon, silicon-carbide and gallium-nitride power semiconductors, controllers, sensing and power-management content used in the data-center power tree. Its planned Synaptics acquisition would broaden the company toward connected compute and intelligent-edge systems, but has not closed.
Theme context unavailableEconomic thesis: AI Compute Infrastructure Buildout
Weak or broken price action.30-day price action
STMicroelectronics is a diversified automotive and industrial semiconductor manufacturer with direct exposure to vehicle electrification through silicon-carbide and silicon power devices, automotive microcontrollers, battery-management and power-management chips, MEMS/sensors, and embedded-processing products.
Theme context unavailableEconomic thesis: Automotive Electrification and Software-Defined Vehicles
Weak or broken price action.30-day price action
Microchip is a broad-based embedded-control semiconductor supplier whose microcontrollers, analog, timing, connectivity, power-management, security and FPGA products are designed into automotive and industrial systems. It participates directly when customers move from inventory digestion to replenishment and higher production volumes.
Theme context unavailableEconomic thesis: Automotive and Industrial Semiconductor Cycle Recovery
Weak or broken price action.30-day price action
NXP is a major automotive semiconductor enabler supplying the controllers, processors, in-vehicle networking, radar, battery-management, secure-access and connectivity components used as vehicle architectures become more software-defined and electronics-intensive.
Theme context unavailableEconomic thesis: Software-Defined and Electrified Vehicles
Strong constructive price action.30-day price action