Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2291.7%
Neutral28.3%
Bearish00.0%
Monolithic Power Systems, Inc. · MPWR · FY2026 Q1 · Calendar Q2 2026
MPWR Q1 2026: Record Revenue Beat, Growth Floor Raised to 85%, Margins a Watchpoint
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…
Reported After market closeNASDAQTechnology
$62.99B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.10
Consensus $4.90
EPS surprise
+4.1%
Reported versus consensus
Reported revenue
$804.2M
Consensus $781.9M
Revenue surprise
+2.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-1.9%
Event window
SPY move
+0.3%
Same window
Abnormal move
-2.2%
Stock minus SPY
Volume
1.5×
Versus trailing sessions
Subsequent drift
-2.6%
Up to 20 sessions
MPWRSPY benchmark
Ask FN2 about MPWR FY2026 Q1
Transcript, numbers and history already loaded
Why did MPWR fall 1.9% after beating EPS estimates in FY2026 Q1?What changed in MPWR's guidance and outlook in FY2026 Q1?Give me the bull and bear case for MPWR after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
From Q4 2025 to Q1 2026, revenue grew from $751.2M to a record $804.2M. Management raised the enterprise data growth floor from 50% to approximately 85% YoY and increased the manufacturing capacity target from $4B to $6B. DDR5 high-speed interface products moved to sampling with major customers for the first time. The 800-volt program advanced from sampling a data-center solution to developing and qualifying silicon-carbide modules. The bullish score increased from 82 to 85. Margins, however, remain at the low end of guidance with potential second-half headwinds flagged by management.
Guidance delta
Q4 2025 guidance was raised with an enterprise data growth floor of 50%. Q1 2026 guidance was again raised, lifting the growth floor to approximately 85% YoY. Capex outlook remained increasing, with the capacity target raised from $4B to $6B. Management flagged margin pressure in the second half, with margins currently at the low end of guidance.
Key takeaways
- Record Q1 2026 revenue of $804.2M, beating consensus by 2.8% on revenue and 4.1% on EPS ($5.10 vs. $4.90 estimated).
- Communications segment surged 33% sequentially on demand for optical modules and high-speed switches.
- Enterprise data growth floor raised to approximately 85% YoY, up from 50% in Q4 2025.
- Manufacturing capacity target raised to $6B from $4B, with continued geographic diversification beyond China.
- First sampling of high-speed DDR5 interface products with major customers; 800-volt silicon-carbide modules in development.
- Robotics and AI power-density solutions are early-stage but identified as future growth avenues.
Management priorities
- Scale manufacturing capacity to $6B with increased geographic diversification.
- Advance DDR5 high-speed interface products toward volume production.
- Develop and qualify 800-volt silicon-carbide modules; explore 2,000-watt GPU power levels.
- Grow presence in robotics, AI, and battery-management markets.
- Transition design nodes from 60nm to 40nm to boost power density.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,211.89Current
$475Low
$1,298Average
$2,100High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 27, 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 |
|---|---|---|---|---|
| Oppenheimer | Outperform | Outperform | Maintain | Oct 23, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 20, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 19, 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 |
| 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 |
| 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 current price $1,211.89. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Oppenheimer | Rick Schafer | $1,500 | $1,167.93 | +23.8% | Oct 23, 2026 |
| Wells Fargo | Analyst unavailable | $1,550 | $1,253.66 | +27.9% | Oct 20, 2026 |
| Arete Research | Analyst unavailable | $2,013 | $1,300.14 | +66.1% | Aug 20, 2026 |
| KeyBanc | John Vinh | $2,100 | $1,316.18 | +73.3% | Jul 31, 2026 |
| Needham | Quinn Bolton | $2,000 | $1,316.18 | +65.0% | Jul 31, 2026 |
| Wells Fargo | Analyst unavailable | $1,700 | $1,312 | +40.3% | Jul 20, 2026 |
| Truist Financial | Analyst unavailable | $1,805 | $1,560 | +48.9% | May 1, 2026 |
| Raymond James | Analyst unavailable | $1,800 | $1,561.05 | +48.5% | May 1, 2026 |
| KeyBanc | John Vinh | $2,000 | $1,614.41 | +65.0% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,700 | $1,614.41 | +40.3% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,600 | $1,592.17 | +32.0% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,500 | $1,353 | +23.8% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $1,396 | $1,203.43 | +15.2% | Feb 6, 2026 |
| Needham | Analyst unavailable | $1,300 | $1,155.99 | +7.3% | Feb 6, 2026 |
| KeyBanc | Analyst unavailable | $1,500 | $1,155.99 | +23.8% | Feb 6, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,300 | $1,192.47 | +7.3% | Feb 4, 2026 |
| Oppenheimer | Analyst unavailable | $1,300 | $1,161.78 | +7.3% | Jan 29, 2026 |
| Wells Fargo | Joe Quatrochi | $1,200 | $1,063.74 | -1.0% | Jan 26, 2026 |
| Wells Fargo | Analyst unavailable | $1,125 | $983.6 | -7.2% | Jan 15, 2026 |
| Truist Financial | Analyst unavailable | $1,375 | $929.48 | +13.5% | Dec 19, 2025 |
| KeyBanc | John Vinh | $1,300 | $975.26 | +7.3% | Oct 31, 2025 |
| KeyBanc | John Vinh | $1,250 | $1,054.15 | +3.1% | Oct 23, 2025 |
| Wells Fargo | Analyst unavailable | $970 | $1,004.65 | -20.0% | Oct 20, 2025 |
| Stifel Nicolaus | Tore Svanberg | $1,100 | $1,026.83 | -9.2% | Oct 17, 2025 |
| Wolfe Research | Chris Caso | $1,200 | $981.67 | -1.0% | Oct 14, 2025 |
| KeyBanc | Analyst unavailable | $1,050 | $886.59 | -13.4% | Sep 30, 2025 |
| Needham | Quinn Bolton | $1,025 | $887.55 | -15.4% | Sep 29, 2025 |
| Truist Financial | William Stein | $762 | $628.62 | -37.1% | Dec 16, 2024 |
| Needham | Quinn Bolton | $600 | $572.47 | -50.5% | Nov 21, 2024 |
| Needham | Quinn Bolton | $950 | $919.81 | -21.6% | Oct 31, 2024 |
| KeyBanc | John Vinh | $1,075 | $784.95 | -11.3% | Aug 2, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $880 | $836.66 | -27.4% | Jul 29, 2024 |
| KeyBanc | John Vinh | $975 | $851.82 | -19.5% | Jul 9, 2024 |
| Oppenheimer | Rick Schafer | $900 | $815.63 | -25.7% | Jun 13, 2024 |
| KeyBanc | John Vinh | $850 | $679.86 | -29.9% | Apr 8, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $750 | $637.04 | -38.1% | Dec 26, 2023 |
| Oppenheimer | Rick Schafer | $500 | $405.52 | -58.7% | Oct 27, 2023 |
| Credit Suisse | Analyst unavailable | $475 | $405.03 | -60.8% | Nov 16, 2022 |
| Wells Fargo | Analyst unavailable | $435 | $386.87 | -64.1% | Nov 11, 2022 |
| Cowen & Co. | Analyst unavailable | $600 | $510.44 | -50.5% | Aug 2, 2022 |
| Raymond James | Analyst unavailable | $570 | $489.1 | -53.0% | Aug 2, 2022 |
| Needham | Analyst unavailable | $550 | $462.3 | -54.6% | Aug 2, 2022 |
| Deutsche Bank | Analyst unavailable | $475 | $426.24 | -60.8% | Jul 20, 2022 |
| Deutsche Bank | Ross Seymore | $500 | $404.21 | -58.7% | Apr 25, 2022 |
Track every rating change on MPWR the moment it posts. Free to start.
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 |
|---|---|---|---|---|
| CLS Celestica Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.6% | +12.1% | Celestica raises outlook as AI networking demand accelerates |
| GLW Corning Inc | FY2026 Q3 · Calendar Q4 2026 | — | -0.4% | Corning’s optical growth accelerates, while solar remains a drag |
| CDNS Cadence Design Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | +1.8% | Cadence raises 2026 outlook as AI tools and verification demand accelerate |
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
Latest beats and misses
Who reports nextBeat on EPS
- CLSFY2026 Q3 · October 26, 2026+12.6% EPS+12.1% move
- CINFFY2026 Q3 · October 26, 2026+39.5% EPS+2.3% move
- VZFY2026 Q3 · October 26, 2026+3.1% EPS-3.5% move
- CXFY2026 Q3 · October 26, 2026+12.0% EPS-0.1% move
- CDNSFY2026 Q3 · October 26, 2026+2.9% EPS+1.8% move
- BAHFY2027 Q2 · October 23, 2026+18.9% EPS-0.3% move
Missed on EPS
- PSA-POFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSA-PKFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSA-PGFY2026 Q3 · October 26, 2026-32.1% EPS— move
- PSAFY2026 Q3 · October 26, 2026-32.1% EPS+1.8% move
- SUIFY2026 Q3 · October 26, 2026-20.0% EPS-4.1% move
- PSA-PIFY2026 Q3 · October 26, 2026-32.1% EPS— move
Get the MPWR recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T15:21:37.407273+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T15:21:37.404489+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 2026-07-29. For educational purposes only; not investment advice.