Monolithic Power Systems, Inc. · MPWR · FY2025 Q3 · Calendar Q4 2025

MPS Raises Guidance as ADAS and Robotics Opportunities Expand

The quarter supports a constructive operating thesis: diversified demand, ADAS wins, and emerging robotics BMS opportunities were accompanied by a guidance increase. The evidence remains balanced by limited visibility and the time required for newer solution businesses to ramp.

Reported After market closeNASDAQTechnology $72.71B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.73 Consensus $4.64
EPS surprise +1.9% Reported versus consensus
Reported revenue $737.2M Consensus $722.4M
Revenue surprise +2.0% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -7.6% Event window
SPY move +0.3% Same window
Abnormal move -7.9% Stock minus SPY
Volume 2.7× Versus trailing sessions
Subsequent drift -7.6% Up to 20 sessions
MPWRSPY benchmark

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What changed

Compared with the prior quarter, MPS reported record Q3 revenue, raised guidance by about 1%, and disclosed a first full BMS robotics design win with revenue expected to ramp in 2026. Management also emphasized the shift from a chip-only supplier toward silicon-based solutions and continued development of 48-volt and 800-volt products.

Guidance delta

Management raised guidance by about 1% for the remainder of fiscal 2025.

Key takeaways

  • Record Q3 revenue confirmed strength across diversified markets.
  • Automotive ADAS and a first full BMS robotics design win were highlighted as growth drivers.
  • Management expects margins to remain in the mid-55% range, with modest improvement as solution revenue scales.
  • 48-volt and 800-volt platforms remain central to the longer-term product roadmap.

Management priorities

  • Scale BMS robotics solution wins beginning in 2026.
  • Expand 48-volt and 800-volt products for automotive and data-center applications.
  • Invest in automated test equipment to improve yield and gross margins.
  • Continue diversifying end markets to mitigate geopolitical risk.

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Earnings History

Estimate Beat Miss Match
MPWR EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q1 '24 estimate $2.66 Q1 '24 actual $2.81, beat Q2 '24 estimate $3.07 Q2 '24 actual $3.17, beat Q3 '24 estimate $3.97 Q3 '24 actual $4.06, beat Q2 '25 estimate $4.12 Q2 '25 actual $4.21, beat Q3 '25 estimate $4.64 Q3 '25 actual $4.73, beat Q4 '25 estimate $4.74 Q4 '25 actual $4.79, beat Q1 '26 estimate $4.90 Q1 '26 actual $5.10, beat Q2 '26 estimate $5.87 Q2 '26 actual $6.50, beat Q3 '26 estimate $7.71 Q4 '26 estimate $6.69 Q1 '27 estimate $6.72
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Analyst Consensus ?

ConsensusBuy24 ratings
Bullish2291.7%
Neutral28.3%
Bearish00.0%

Analyst 52W Price Targets

$1,479.89Current
$475Low
$1,275.5Average
$2,100High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wells Fargo Overweight OverweightMaintainJul 31, 2026
Truist Securities Buy BuyMaintainJul 31, 2026
Rosenblatt Neutral NeutralMaintainJul 31, 2026
Needham Buy BuyMaintainJul 31, 2026
Keybanc Overweight OverweightMaintainJul 31, 2026
TD Cowen Buy BuyMaintainMay 1, 2026
Stifel Buy BuyMaintainApr 16, 2026
Citigroup Buy BuyMaintainFeb 9, 2026
Wolfe Research Outperform Peer PerformUpgradeOct 14, 2025
Raymond James Outperform OutperformMaintainAug 1, 2025
Loop Capital Buy BuyMaintainJul 23, 2025
Oppenheimer Outperform OutperformMaintainJul 15, 2025
Deutsche Bank Buy BuyMaintainAug 2, 2024
Credit Suisse Outperform OutperformMaintainFeb 9, 2023
Cowen & Co. Outperform OutperformMaintainFeb 9, 2023
SunTrust Robinson Humphrey Buy BuyMaintainJun 26, 2020
Stifel Nicolaus Buy BuyMaintainSep 10, 2019
Pacific Crest Overweight OverweightMaintainFeb 5, 2016
PiperJaffray Overweight OverweightMaintainSep 11, 2015
Evercore Partners Overweight OverweightMaintainMay 14, 2014
William Blair Outperform OutperformMaintainAug 30, 2013
Evercore ISI Group Overweight OverweightMaintainAug 7, 2013
Blaylock Robert Van Buy HoldUpgradeFeb 7, 2013
Piper Sandler Neutral OverweightDowngradeSep 4, 2012
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Named analyst price targets

Upside is calculated against the persisted current price $1,479.89. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Arete ResearchAnalyst unavailable$2,013$1,300.14 +36.0%Aug 20, 2026
KeyBancJohn Vinh$2,100$1,316.18 +41.9%Jul 31, 2026
NeedhamQuinn Bolton$2,000$1,316.18 +35.1%Jul 31, 2026
Wells FargoAnalyst unavailable$1,700$1,312 +14.9%Jul 20, 2026
Truist FinancialAnalyst unavailable$1,805$1,560 +22.0%May 1, 2026
Raymond JamesAnalyst unavailable$1,800$1,561.05 +21.6%May 1, 2026
KeyBancJohn Vinh$2,000$1,614.41 +35.1%May 1, 2026
OppenheimerAnalyst unavailable$1,700$1,614.41 +14.9%May 1, 2026
OppenheimerAnalyst unavailable$1,600$1,592.17 +8.1%Apr 24, 2026
Stifel NicolausAnalyst unavailable$1,500$1,353 +1.4%Apr 16, 2026
Truist FinancialAnalyst unavailable$1,396$1,203.43 -5.7%Feb 6, 2026
NeedhamAnalyst unavailable$1,300$1,155.99 -12.2%Feb 6, 2026
KeyBancAnalyst unavailable$1,500$1,155.99 +1.4%Feb 6, 2026
Stifel NicolausAnalyst unavailable$1,300$1,192.47 -12.2%Feb 4, 2026
OppenheimerAnalyst unavailable$1,300$1,161.78 -12.2%Jan 29, 2026
Wells FargoJoe Quatrochi$1,200$1,063.74 -18.9%Jan 26, 2026
Wells FargoAnalyst unavailable$1,125$983.6 -24.0%Jan 15, 2026
Truist FinancialAnalyst unavailable$1,375$929.48 -7.1%Dec 19, 2025
KeyBancJohn Vinh$1,300$975.26 -12.2%Oct 31, 2025
KeyBancJohn Vinh$1,250$1,054.15 -15.5%Oct 23, 2025
Wells FargoAnalyst unavailable$970$1,004.65 -34.5%Oct 20, 2025
Stifel NicolausTore Svanberg$1,100$1,026.83 -25.7%Oct 17, 2025
Wolfe ResearchChris Caso$1,200$981.67 -18.9%Oct 14, 2025
KeyBancAnalyst unavailable$1,050$886.59 -29.0%Sep 30, 2025
NeedhamQuinn Bolton$1,025$887.55 -30.7%Sep 29, 2025
Truist FinancialWilliam Stein$762$628.62 -48.5%Dec 16, 2024
NeedhamQuinn Bolton$600$572.47 -59.5%Nov 21, 2024
NeedhamQuinn Bolton$950$919.81 -35.8%Oct 31, 2024
KeyBancJohn Vinh$1,075$784.95 -27.4%Aug 2, 2024
Rosenblatt SecuritiesHans Mosesmann$880$836.66 -40.5%Jul 29, 2024
KeyBancJohn Vinh$975$851.82 -34.1%Jul 9, 2024
OppenheimerRick Schafer$900$815.63 -39.2%Jun 13, 2024
KeyBancJohn Vinh$850$679.86 -42.6%Apr 8, 2024
Rosenblatt SecuritiesHans Mosesmann$750$637.04 -49.3%Dec 26, 2023
OppenheimerRick Schafer$500$405.52 -66.2%Oct 27, 2023
Credit SuisseAnalyst unavailable$475$405.03 -67.9%Nov 16, 2022
Wells FargoAnalyst unavailable$435$386.87 -70.6%Nov 11, 2022
Cowen & Co.Analyst unavailable$600$510.44 -59.5%Aug 2, 2022
Raymond JamesAnalyst unavailable$570$489.1 -61.5%Aug 2, 2022
NeedhamAnalyst unavailable$550$462.3 -62.8%Aug 2, 2022
Deutsche BankAnalyst unavailable$475$426.24 -67.9%Jul 20, 2022
Deutsche BankRoss Seymore$500$404.21 -66.2%Apr 25, 2022
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Company context

Snapshot as of publication

Monolithic 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

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-06T02:50:44.054363+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T02:50:44.051540+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 2026-10-06. For educational purposes only; not investment advice.