Analyst Consensus ?
ConsensusBuy24 ratings
Bullish2291.7%
Neutral28.3%
Bearish00.0%
Monolithic Power Systems, Inc. · MPWR · FY2026 Q2 · Calendar Q3 2026
MPWR: Record Q2 led by enterprise data and communications demand
The supplied evidence supports a constructive growth thesis for MPWR: record Q2 revenue, strong enterprise-data and communications demand, capacity expansion, and new product ramps point to continued opportunity. The main test is whether those ramps convert into revenue without materially worsening pricing, inventory, supply-chain, or competitive pressures.
Reported After market closeNASDAQTechnology
$67.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$6.50
Consensus $5.87
EPS surprise
+10.7%
Reported versus consensus
Reported revenue
$980.6M
Consensus $903.3M
Revenue surprise
+8.6%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+8.3%
Event window
SPY move
+0.7%
Same window
Abnormal move
+7.6%
Stock minus SPY
Volume
1.7×
Versus trailing sessions
Subsequent drift
-11.9%
Up to 20 sessions
MPWRSPY benchmark
Ask FN2 about MPWR FY2026 Q2
Transcript, numbers and history already loaded
Why did MPWR rise 8.3% after beating EPS estimates in FY2026 Q2?What changed in MPWR's guidance and outlook in FY2026 Q2?Give me the bull and bear case for MPWR after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Versus the prior quarter, MPWR reported another record quarter, with enterprise data becoming a stronger growth engine and the enterprise-data revenue floor raised to 130% of the year. Capacity moved beyond $6 billion, initial DDR5 orders were received, 800-volt silicon-carbide products entered sampling, and total repurchase authorization increased to $1 billion.
Guidance delta
Maintained; management raised the enterprise-data revenue floor to 130% of the year, according to the supplied transcript analysis.
Key takeaways
- Q2 revenue reached $981 million, driven by enterprise data-center and communications growth.
- Enterprise data revenue increased 45% sequentially, while management raised its enterprise-data revenue floor to 130% of the year.
- Capacity expanded beyond $6 billion; DDR5 controllers and 800-volt silicon-carbide solutions moved toward commercialization.
- The board approved an additional $500 million stock-repurchase authorization, bringing the total to $1 billion.
Management priorities
- Support enterprise-data-center and communications demand with capacity above $6 billion.
- Launch and expand the DDR5 high-speed memory-controller product line.
- Move 800-volt silicon-carbide solutions from sampling toward revenue generation.
- Scale 48-volt automotive modules and diversify supply-chain and back-end assembly capacity.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$1,380.62Previous close
$475Low
$1,275.5Average
$2,100High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 23, 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 $1,380.62. 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 | +45.8% | Aug 20, 2026 |
| KeyBanc | John Vinh | $2,100 | $1,316.18 | +52.1% | Jul 31, 2026 |
| Needham | Quinn Bolton | $2,000 | $1,316.18 | +44.9% | Jul 31, 2026 |
| Wells Fargo | Analyst unavailable | $1,700 | $1,312 | +23.1% | Jul 20, 2026 |
| Truist Financial | Analyst unavailable | $1,805 | $1,560 | +30.7% | May 1, 2026 |
| Raymond James | Analyst unavailable | $1,800 | $1,561.05 | +30.4% | May 1, 2026 |
| KeyBanc | John Vinh | $2,000 | $1,614.41 | +44.9% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,700 | $1,614.41 | +23.1% | May 1, 2026 |
| Oppenheimer | Analyst unavailable | $1,600 | $1,592.17 | +15.9% | Apr 24, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,500 | $1,353 | +8.6% | Apr 16, 2026 |
| Truist Financial | Analyst unavailable | $1,396 | $1,203.43 | +1.1% | Feb 6, 2026 |
| Needham | Analyst unavailable | $1,300 | $1,155.99 | -5.8% | Feb 6, 2026 |
| KeyBanc | Analyst unavailable | $1,500 | $1,155.99 | +8.6% | Feb 6, 2026 |
| Stifel Nicolaus | Analyst unavailable | $1,300 | $1,192.47 | -5.8% | Feb 4, 2026 |
| Oppenheimer | Analyst unavailable | $1,300 | $1,161.78 | -5.8% | Jan 29, 2026 |
| Wells Fargo | Joe Quatrochi | $1,200 | $1,063.74 | -13.1% | Jan 26, 2026 |
| Wells Fargo | Analyst unavailable | $1,125 | $983.6 | -18.5% | Jan 15, 2026 |
| Truist Financial | Analyst unavailable | $1,375 | $929.48 | -0.4% | Dec 19, 2025 |
| KeyBanc | John Vinh | $1,300 | $975.26 | -5.8% | Oct 31, 2025 |
| KeyBanc | John Vinh | $1,250 | $1,054.15 | -9.5% | Oct 23, 2025 |
| Wells Fargo | Analyst unavailable | $970 | $1,004.65 | -29.7% | Oct 20, 2025 |
| Stifel Nicolaus | Tore Svanberg | $1,100 | $1,026.83 | -20.3% | Oct 17, 2025 |
| Wolfe Research | Chris Caso | $1,200 | $981.67 | -13.1% | Oct 14, 2025 |
| KeyBanc | Analyst unavailable | $1,050 | $886.59 | -23.9% | Sep 30, 2025 |
| Needham | Quinn Bolton | $1,025 | $887.55 | -25.8% | Sep 29, 2025 |
| Truist Financial | William Stein | $762 | $628.62 | -44.8% | Dec 16, 2024 |
| Needham | Quinn Bolton | $600 | $572.47 | -56.5% | Nov 21, 2024 |
| Needham | Quinn Bolton | $950 | $919.81 | -31.2% | Oct 31, 2024 |
| KeyBanc | John Vinh | $1,075 | $784.95 | -22.1% | Aug 2, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $880 | $836.66 | -36.3% | Jul 29, 2024 |
| KeyBanc | John Vinh | $975 | $851.82 | -29.4% | Jul 9, 2024 |
| Oppenheimer | Rick Schafer | $900 | $815.63 | -34.8% | Jun 13, 2024 |
| KeyBanc | John Vinh | $850 | $679.86 | -38.4% | Apr 8, 2024 |
| Rosenblatt Securities | Hans Mosesmann | $750 | $637.04 | -45.7% | Dec 26, 2023 |
| Oppenheimer | Rick Schafer | $500 | $405.52 | -63.8% | Oct 27, 2023 |
| Credit Suisse | Analyst unavailable | $475 | $405.03 | -65.6% | Nov 16, 2022 |
| Wells Fargo | Analyst unavailable | $435 | $386.87 | -68.5% | Nov 11, 2022 |
| Cowen & Co. | Analyst unavailable | $600 | $510.44 | -56.5% | Aug 2, 2022 |
| Raymond James | Analyst unavailable | $570 | $489.1 | -58.7% | Aug 2, 2022 |
| Needham | Analyst unavailable | $550 | $462.3 | -60.2% | Aug 2, 2022 |
| Deutsche Bank | Analyst unavailable | $475 | $426.24 | -65.6% | Jul 20, 2022 |
| Deutsche Bank | Ross Seymore | $500 | $404.21 | -63.8% | 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 |
|---|---|---|---|---|
| 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 |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
| IOT Samsara Inc. | FY2027 Q2 · Calendar Q3 2026 | +25.0% | +3.7% | Samsara: AI adoption expands as FY27 guidance holds |
Latest beats and misses
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
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Sources
- Earnings call transcript and parsed analysis · 2026-07-30T23:06:24.794769+00:00
- FN2 earnings calendar · 2026-09-04T01:23:15.205020+00:00
- Polygon adjusted daily market bars · 2026-09-23T09:00:55.827023+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-23T09:00:55.824195+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 2026-09-23. For educational purposes only; not investment advice.