Monolithic Power Systems, Inc. earnings overview

MPWR FY2026 Q1 · Calendar Q2 2026

Monolithic Power Systems, Inc.

MPWR delivered a record Q1 2026, with revenue of $804.2M beating consensus by 2.8% and EPS of $5.10 beating by 4.1%. The quarter was powered by a 33% sequential jump in communications and robust enterprise data demand. Management raised the YoY growth floor to approximately 85% — up from 50% in Q4 2025 — and lifted the manufacturing capacity target from $4B to $6B. The bullish score rose to 85 from 82 with management tone remaining confident. DDR5 interface products entered sampling with major customers, and 800-volt silicon-carbide modules moved into development. Despite the beat and raised outlook, the stock declined 1.9% while the benchmark gained 0.3%, and drifted a further 2.6% lower in subsequent sessions. Management acknowledged margins at the low end of guidance with H2 headwinds ahead. Analyst consensus targets at $1,686 versus the current $1,261 price point to substantial…