Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2291.7%
Neutral28.3%
Bearish00.0%
Monolithic Power Systems, Inc. · MPWR · FY2025 Q2 · Calendar Q3 2025
MPS: Record Q2 Revenue, ASIC and Data-Center Power Drive Outlook
The supplied analysis supports a constructive but qualified view: diversified demand, ASIC power shipments, and new data-center architectures provide growth drivers, while limited backlog, tariffs, inventory constraints, and customer concentration temper visibility.
Reported After market closeNASDAQTechnology
$72.40B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.21
Consensus $4.12
EPS surprise
+2.2%
Reported versus consensus
Reported revenue
$664.6M
Consensus $652.0M
Revenue surprise
+1.9%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+10.5%
Event window
SPY move
-1.6%
Same window
Abnormal move
+12.1%
Stock minus SPY
Volume
2.9×
Versus trailing sessions
Subsequent drift
+6.4%
Up to 20 sessions
MPWRSPY benchmark
Ask FN2 about MPWR FY2025 Q2
Transcript, numbers and history already loaded
Why did MPWR rise 10.5% after beating EPS estimates in FY2025 Q2?What changed in MPWR's guidance and outlook in FY2025 Q2?Give me the bull and bear case for MPWR after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior analysis, MPS now has record Q2 revenue, a stated 20–30% sequential Q3 growth outlook, and an expected Q4 uptrend. ASIC shipments are ramping across single- and multi-sourced configurations, while capacity and supply-chain diversification remain central to execution.
Guidance delta
Guidance sentiment was maintained. Management projected 20–30% sequential growth in Q3 and an uptrend in Q4.
Key takeaways
- Management described record Q2 revenue and growth across enterprise data, automotive, storage, compute, and communications.
- ASIC power products and 48-volt/800-volt data-center platforms are central to the longer-term growth plan.
- Capacity can support $4 billion of revenue, with half located outside China, while inventory remains low.
- Short lead times and limited backlog beyond two quarters constrain visibility.
- Tariffs, seasonality, and storage and compute uncertainty remain key watch items.
Management priorities
- Expand supply-chain capacity, targeting 50% outside China.
- Advance 48-volt and 800-volt data-center power systems.
- Scale ASIC power shipments across multiple sourcing models.
- Grow modules, converters, and eMotion robotics solutions.
- Maintain low inventory while matching changing demand.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,473.69Previous close
$475Low
$1,275.5Average
$2,100High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 7, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Jul 31, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 31, 2026 |
| Rosenblatt | Neutral | Neutral | Maintain | Jul 31, 2026 |
| Needham | Buy | Buy | Maintain | Jul 31, 2026 |
| Keybanc | Overweight | Overweight | Maintain | Jul 31, 2026 |
| TD Cowen | Buy | Buy | Maintain | May 1, 2026 |
| Stifel | Buy | Buy | Maintain | Apr 16, 2026 |
| Citigroup | Buy | Buy | Maintain | Feb 9, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Oct 14, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 1, 2025 |
| Loop Capital | Buy | Buy | Maintain | Jul 23, 2025 |
| Oppenheimer | Outperform | Outperform | Maintain | Jul 15, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Aug 2, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Feb 9, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 9, 2023 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Jun 26, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Sep 10, 2019 |
| Pacific Crest | Overweight | Overweight | Maintain | Feb 5, 2016 |
| PiperJaffray | Overweight | Overweight | Maintain | Sep 11, 2015 |
| Evercore Partners | Overweight | Overweight | Maintain | May 14, 2014 |
| William Blair | Outperform | Outperform | Maintain | Aug 30, 2013 |
| Evercore ISI Group | Overweight | Overweight | Maintain | Aug 7, 2013 |
| Blaylock Robert Van | Buy | Hold | Upgrade | Feb 7, 2013 |
| Piper Sandler | Neutral | Overweight | Downgrade | Sep 4, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $1,473.69. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Arete Research | Analyst unavailable | $2,013 | $1,300.14 | +36.6% | Aug 20, 2026 |
| KeyBanc | John Vinh | $2,100 | $1,316.18 | +42.5% | Jul 31, 2026 |
| Needham | Quinn Bolton | $2,000 | $1,316.18 | +35.7% | Jul 31, 2026 |
| Wells Fargo | Analyst unavailable | $1,700 | $1,312 | +15.4% | Jul 20, 2026 |
| Truist Financial | Analyst unavailable | $1,805 | $1,560 | +22.5% | May 1, 2026 |
| Raymond James | Analyst unavailable | $1,800 | $1,561.05 | +22.1% | May 1, 2026 |
| KeyBanc | John Vinh | $2,000 | $1,614.41 | +35.7% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,700 | $1,614.41 | +15.4% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,600 | $1,592.17 | +8.6% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,500 | $1,353 | +1.8% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $1,396 | $1,203.43 | -5.3% | Feb 6, 2026 |
| Needham | Analyst unavailable | $1,300 | $1,155.99 | -11.8% | Feb 6, 2026 |
| KeyBanc | Analyst unavailable | $1,500 | $1,155.99 | +1.8% | Feb 6, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,300 | $1,192.47 | -11.8% | Feb 4, 2026 |
| Oppenheimer | Analyst unavailable | $1,300 | $1,161.78 | -11.8% | Jan 29, 2026 |
| Wells Fargo | Joe Quatrochi | $1,200 | $1,063.74 | -18.6% | Jan 26, 2026 |
| Wells Fargo | Analyst unavailable | $1,125 | $983.6 | -23.7% | Jan 15, 2026 |
| Truist Financial | Analyst unavailable | $1,375 | $929.48 | -6.7% | Dec 19, 2025 |
| KeyBanc | John Vinh | $1,300 | $975.26 | -11.8% | Oct 31, 2025 |
| KeyBanc | John Vinh | $1,250 | $1,054.15 | -15.2% | Oct 23, 2025 |
| Wells Fargo | Analyst unavailable | $970 | $1,004.65 | -34.2% | Oct 20, 2025 |
| Stifel Nicolaus | Tore Svanberg | $1,100 | $1,026.83 | -25.4% | Oct 17, 2025 |
| Wolfe Research | Chris Caso | $1,200 | $981.67 | -18.6% | Oct 14, 2025 |
| KeyBanc | Analyst unavailable | $1,050 | $886.59 | -28.8% | Sep 30, 2025 |
| Needham | Quinn Bolton | $1,025 | $887.55 | -30.4% | Sep 29, 2025 |
| Truist Financial | William Stein | $762 | $628.62 | -48.3% | Dec 16, 2024 |
| Needham | Quinn Bolton | $600 | $572.47 | -59.3% | Nov 21, 2024 |
| Needham | Quinn Bolton | $950 | $919.81 | -35.5% | Oct 31, 2024 |
| KeyBanc | John Vinh | $1,075 | $784.95 | -27.1% | Aug 2, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $880 | $836.66 | -40.3% | Jul 29, 2024 |
| KeyBanc | John Vinh | $975 | $851.82 | -33.8% | Jul 9, 2024 |
| Oppenheimer | Rick Schafer | $900 | $815.63 | -38.9% | Jun 13, 2024 |
| KeyBanc | John Vinh | $850 | $679.86 | -42.3% | Apr 8, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $750 | $637.04 | -49.1% | Dec 26, 2023 |
| Oppenheimer | Rick Schafer | $500 | $405.52 | -66.1% | Oct 27, 2023 |
| Credit Suisse | Analyst unavailable | $475 | $405.03 | -67.8% | Nov 16, 2022 |
| Wells Fargo | Analyst unavailable | $435 | $386.87 | -70.5% | Nov 11, 2022 |
| Cowen & Co. | Analyst unavailable | $600 | $510.44 | -59.3% | Aug 2, 2022 |
| Raymond James | Analyst unavailable | $570 | $489.1 | -61.3% | Aug 2, 2022 |
| Needham | Analyst unavailable | $550 | $462.3 | -62.7% | Aug 2, 2022 |
| Deutsche Bank | Analyst unavailable | $475 | $426.24 | -67.8% | Jul 20, 2022 |
| Deutsche Bank | Ross Seymore | $500 | $404.21 | -66.1% | Apr 25, 2022 |
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Start freeCompany context
Snapshot as of publicationMonolithic Power Systems, Inc. specializes in the creation, promotion, and sale of advanced semiconductor components for power management. Their innovative solutions cater to a broad spectrum of industries, including information technology, data storage, automotive, industrial applications, telecommunications, and consumer electronics. A core offering consists of direct current (DC) to DC integrated circuits (ICs), which are vital for regulating and transforming electrical voltages in diverse systems such as portable gadgets, wireless local area network access points, personal computers, displays, car entertainment systems, and medical devices.…
Historical context
All MPWR earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| ACN Accenture plc | FY2026 Q4 · Calendar Q4 2026 | +3.5% | +15.8% | Accenture: AI demand supports strong Q4, while pricing and geopolitics remain risks |
| JBL Jabil Inc. | FY2026 Q4 · Calendar Q3 2026 | +8.1% | -10.0% | Jabil enters FY2027 with AI-led growth and capacity risks |
| MU Micron Technology, Inc. | FY2026 Q4 · Calendar Q3 2026 | +5.4% | +0.0% | Micron: Strong AI Memory Demand, Higher Capex, and HBM4E Ahead |
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | +20.9% | -9.9% | TD SYNNEX: AI-led growth accelerates, but mix and cash flow matter |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
Latest beats and misses
Who reports nextBeat on EPS
- LWFY2027 Q1 · October 6, 2026+27.8% EPS+7.5% move
- RPMFY2027 Q1 · October 6, 2026+1.5% EPS+3.2% move
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
- Polygon adjusted daily market bars · 2026-10-07T10:10:45.193017+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-07T10:10:45.190173+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-07. For educational purposes only; not investment advice.