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
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$5.10
Consensus $5
EPS surprise
+4.1%
Reported versus consensus
Reported revenue
$804.2M
Consensus $781.9M
Revenue surprise
+2.8%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,270.03Current
$475Low
$1,180.11Average
$2,000High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 29, 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 20, 2026 |
| TD Cowen | Buy | Buy | Maintain | May 1, 2026 |
| Rosenblatt | Neutral | Neutral | Maintain | May 1, 2026 |
| Needham | Buy | Buy | Maintain | May 1, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 1, 2026 |
| Stifel | Buy | Buy | Maintain | Apr 16, 2026 |
| Citigroup | Buy | Buy | Maintain | Feb 9, 2026 |
| Truist Securities | Buy | Buy | Maintain | Feb 6, 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 current price $1,270.03. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $1,700 | $1,312 | +33.9% | Jul 20, 2026 |
| Truist Financial | Analyst unavailable | $1,805 | $1,560 | +42.1% | May 1, 2026 |
| Raymond James | Analyst unavailable | $1,800 | $1,561.05 | +41.7% | May 1, 2026 |
| KeyBanc | John Vinh | $2,000 | $1,614.41 | +57.5% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,700 | $1,614.41 | +33.9% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,600 | $1,592.17 | +26.0% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,500 | $1,353 | +18.1% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $1,396 | $1,203.43 | +9.9% | Feb 6, 2026 |
| Needham | Analyst unavailable | $1,300 | $1,155.99 | +2.4% | Feb 6, 2026 |
| KeyBanc | Analyst unavailable | $1,500 | $1,155.99 | +18.1% | Feb 6, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,300 | $1,192.47 | +2.4% | Feb 4, 2026 |
| Oppenheimer | Analyst unavailable | $1,300 | $1,161.78 | +2.4% | Jan 29, 2026 |
| Wells Fargo | Joe Quatrochi | $1,200 | $1,063.74 | -5.5% | Jan 26, 2026 |
| Wells Fargo | Analyst unavailable | $1,125 | $983.6 | -11.4% | Jan 15, 2026 |
| Truist Financial | Analyst unavailable | $1,375 | $929.48 | +8.3% | Dec 19, 2025 |
| KeyBanc | John Vinh | $1,300 | $975.26 | +2.4% | Oct 31, 2025 |
| KeyBanc | John Vinh | $1,250 | $1,054.15 | -1.6% | Oct 23, 2025 |
| Wells Fargo | Analyst unavailable | $970 | $1,004.65 | -23.6% | Oct 20, 2025 |
| Stifel Nicolaus | Tore Svanberg | $1,100 | $1,026.83 | -13.4% | Oct 17, 2025 |
| Wolfe Research | Chris Caso | $1,200 | $981.67 | -5.5% | Oct 14, 2025 |
| KeyBanc | Analyst unavailable | $1,050 | $886.59 | -17.3% | Sep 30, 2025 |
| Needham | Quinn Bolton | $1,025 | $887.55 | -19.3% | Sep 29, 2025 |
| Truist Financial | William Stein | $762 | $628.62 | -40.0% | Dec 16, 2024 |
| Needham | Quinn Bolton | $600 | $572.47 | -52.8% | Nov 21, 2024 |
| Needham | Quinn Bolton | $950 | $919.81 | -25.2% | Oct 31, 2024 |
| KeyBanc | John Vinh | $1,075 | $784.95 | -15.4% | Aug 2, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $880 | $836.66 | -30.7% | Jul 29, 2024 |
| KeyBanc | John Vinh | $975 | $851.82 | -23.2% | Jul 9, 2024 |
| Oppenheimer | Rick Schafer | $900 | $815.63 | -29.1% | Jun 13, 2024 |
| KeyBanc | John Vinh | $850 | $679.86 | -33.1% | Apr 8, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $750 | $637.04 | -40.9% | Dec 26, 2023 |
| Oppenheimer | Rick Schafer | $500 | $405.52 | -60.6% | Oct 27, 2023 |
| Credit Suisse | Analyst unavailable | $475 | $405.03 | -62.6% | Nov 16, 2022 |
| Wells Fargo | Analyst unavailable | $435 | $386.87 | -65.7% | Nov 11, 2022 |
| Cowen & Co. | Analyst unavailable | $600 | $510.44 | -52.8% | Aug 2, 2022 |
| Raymond James | Analyst unavailable | $570 | $489.1 | -55.1% | Aug 2, 2022 |
| Needham | Analyst unavailable | $550 | $462.3 | -56.7% | Aug 2, 2022 |
| Deutsche Bank | Analyst unavailable | $475 | $426.24 | -62.6% | Jul 20, 2022 |
| Deutsche Bank | Ross Seymore | $500 | $404.21 | -60.6% | Apr 25, 2022 |
Track every rating change on MPWR the moment it posts. Free to start.
Start freeMarket 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
Follow MPWR with an agent that reads every filing, transcript, and price print. Free to start.
Try FN2 freeTranscript 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.
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 . For educational purposes only; not investment advice.