Monolithic Power Systems, Inc. (MPWR) Stock Price & Analysis
Monolithic Power Systems, Inc. (MPWR) closed at USD 1,167.93 on Thursday, October 22, 2026, down 8.99% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 1,283.32; the Oct 22, 2026 session ranged USD 1,148.47–1,230.42 on volume of 1,479,972 shares. Market capitalization is $57.40B, with a 52-week range of USD 833.18–1,714.09 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/MPWR.md
Key facts (MPWR)
- Last four reported quarters (through Jun 30, 2026): revenue $3.27B, net income $802M (24.5% margin), free cash flow $586M (SEC filings).
- Valuation: P/E 71.6x (avg 53.5x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold MPWR (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.88 on a 1–5 scale) (17 analysts), mean target USD 1,799.8 (range 1,500–2,100).
- Total return with dividends: 1Y +9.8% vs S&P 500 +14.9%; 5Y +137.1% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 7.75, revenue estimate $1.16B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (MPWR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.21B | $1.79B | $1.82B | $2.21B | $2.79B | $3.27B |
| Gross profit | $685M | $1.05B | $1.02B | $1.22B | $1.54B | — |
| Operating income | $262M | $527M | $482M | $539M | $729M | $940M |
| Net income | $242M | $438M | $427M | $1.59B | $621M | $802M |
| EPS (diluted) | $5.05 | $9.05 | $8.76 | $32.60 | $12.86 | — |
| Free cash flow | $226M | $188M | $581M | $642M | $666M | $586M |
| Gross margin | 56.8% | 58.4% | 56.1% | 55.3% | 55.2% | — |
| Operating margin | 21.7% | 29.4% | 26.5% | 24.4% | 26.1% | 28.7% |
| Net margin | 20.0% | 24.4% | 23.5% | 72.1% | 22.3% | 24.5% |
| Revenue growth | +43.0% | +48.5% | +1.5% | +21.2% | +26.4% | — |
| Cash + short-term investments | $725M | $738M | $1.11B | $863M | $1.26B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (MPWR)
P/E 71.6x · P/S 17.5x · P/FCF 98.0x · P/B 14.7x · FCF yield 1.02% · Earnings yield 1.40% · Dividend yield (paid, TTM) 0.57%
P/E at fiscal year-ends: Dec 2025 70.5x, Dec 2024 18.1x, Dec 2023 72.0x.
Superinvestors (SEC 13F-HR, Q2 2026) (MPWR)
2 of 80 tracked investors hold MPWR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Torray Funds | 0.69% | $5.1M | Added +0.2% | |
| Lee Ainslie | Maverick Capital | 0.01% | $820K | New position |
Analysts (MPWR)
Consensus Buy (mean 1.88 on a 1–5 scale), 17 analysts; mean target USD 1,799.8 (low 1,500, high 2,100).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Wells Fargo | Target lowered | Overweight | $1800 → $1550 |
| 2026-10-19 | TD Cowen | Target lowered | Buy | $1850 → $1700 |
| 2026-09-03 | StoneX | Initiated | Buy | $1800 |
| 2026-07-31 | Wells Fargo | Target raised | Overweight | $1700 → $1800 |
| 2026-07-31 | Truist Securities | Target raised | Buy | $1805 → $1889 |
| 2026-07-31 | Keybanc | Target raised | Overweight | $2000 → $2100 |
| 2026-07-31 | Rosenblatt | Maintained | Neutral | $1575 |
| 2026-07-31 | Needham | Target raised | Buy | $1750 → $2000 |
| 2026-07-20 | Wells Fargo | Target lowered | Overweight | $1860 → $1700 |
Total return (dividends reinvested) (MPWR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +9.8% | +137.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +9.8% | +18.8% |
| Volatility (annualized) | 54.7% | 48.3% |
| Max drawdown | -32.3% (Jun 2026→Sep 2026) | -48.9% (Oct 2024→Mar 2025) |
MPWR revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| China | $502.0M | 51.2% | +26.1% |
| Taiwan | $260.5M | 26.6% | +148.2% |
| South Korea | $87.9M | 9.0% | +38.4% |
| Southeast Asia | $49.0M | 5.0% | +40.4% |
| Europe | $34.8M | 3.6% | +31.5% |
| U.S. | $26.2M | 2.7% | +44.6% |
| Japan | $20.2M | 2.1% | +8.8% |
| Other | $120,000 | 0.0% | -4.0% |
| Total revenue | $980.6M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
MPWR suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Analog Devices (ADI) | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | Infineon | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | NXP Semiconductors (NXPI) | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | onsemi (ON) | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | Renesas | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | STMicroelectronics (STM) | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
| Competitor | Texas Instruments (TXN) | “We consider our primary competitors to include Analog Devices, Infineon Technologies, NXP Semiconductors, ON Semiconductor, Power Integrations, Renesas Electronics, ROHM Semiconductor, Semtech, STMicroelectronics and Texas Instruments.” |
Quoted from the company's 10-K filed Feb 27, 2026.
MPWR customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (28%, 15%, 10%) of revenue, per the company's 10-Q filed Aug 5, 2026. The company does not name them.
MPWR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $7.75 | $6.48 | +19.6% | $1.16B | 14 |
| Next quarter (ends Dec 2026) | $8.16 | $6.70 | +21.7% | $1.22B | 14 |
| Current fiscal year (ends Dec 2026) | $27.55 | $24.17 | +14.0% | $4.16B | 15 |
| Next fiscal year (ends Dec 2027) | $35.27 | $30.59 | +15.3% | $5.33B | 15 |
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 1,167.93 |
|---|---|
| Change | ▼ 8.99% (down) |
| Previous Close | USD 1,283.32 |
| Open | USD 1,223.64 |
| Day Range | USD 1,148.47 – 1,230.42 |
| 52-Week Range | USD 833.18 – 1,714.09 |
| Volume | 1,479,972 shares |
| Market Cap | $57.40B |
| Exchange | NMS |
Technical Analysis (MPWR)
Nexqual's technical model rates MPWR "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 38.15 (neutral) |
| vs SMA50 | Below (USD 1,294.37) |
| MACD | -22.69 (negative) |
Analyst Ratings (MPWR)
Wall Street analysts rate MPWR "Buy" based on 17 analysts, with a mean price target of USD 1,799.8 (range USD 1,500–2,100), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 17 |
| Mean Target | USD 1,799.8 |
| High Target | USD 2,100 |
| Low Target | USD 1,500 |
| Buy / Hold / Sell | 16 / 1 / 0 |
Earnings (MPWR)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 7.75 |
| Revenue Estimate | $1.16B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 6.5 vs est 5.88 ▲ beat |
| 2026-03-31 | USD 5.1 vs est 4.9 ▲ beat |
| 2025-12-31 | USD 4.79 vs est 4.74 ▲ beat |
| 2025-09-30 | USD 4.73 vs est 4.64 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (MPWR)
| Total Revenue | $3.27B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +47.60% |
| Gross Margin | +55.20% |
| Operating Margin | +30.99% |
| Profit Margin | +24.50% |
| ROE | +21.98% |
| Debt / Equity | 0 |
| Current Ratio | 4.98 |
| Total Cash | $1.41B |
| Total Debt | $18.93M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $585.54M (17.9% of revenue) |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (MPWR)
Nexqual rates Monolithic Power Systems, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Strong — Revenue +26% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 55%, operating 31% (last 12 months) |
| Balance Sheet | Strong — $1.41B cash vs $19M debt, net cash position |
| Cash Flow | Strong — FCF $586M (last 4 quarters to Jun 2026, SEC), 18% margin |
| Efficiency | Strong — ROE 22%, ROA 13.6% |
Ownership (MPWR)
| Insider Ownership | +3.59% |
|---|---|
| Institutional Ownership | +100.42% |
| Shares Outstanding | 49.14M |
| Float | 47.39M |
| Short % of Float | +5.09% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (MPWR)
Monolithic Power Systems, Inc. is led by Michael R. Hsing, Founder, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 09:48 UTC.
| Founder, Chairman, President & CEO | Michael R. Hsing |
|---|---|
| Executive Vice President of Global Operations | Deming Xiao |
| Executive Vice President of Worldwide Sales & Marketing | Maurice Sciammas |
| Interim Chief Financial Officer | Robert W. Dean |
| Vice President of Finance | Tony Balow |
Major Backers & Investors (MPWR)
Notable institutional backers of Monolithic Power Systems, Inc. include FMR, LLC, Fidelity, Invesco, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 10.54% |
| Fidelity | 5.9% |
| Invesco | 4.77% |
| Price (T.Rowe) Associates Inc | 1.99% |
| Franklin Resources, Inc. | 1.65% |
| Goldman Sachs | 1.59% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.46% |
| BlackRock | 11.37% |
| State Street | 4.64% |
| Geode Capital | 2.43% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
From Monolithic Power Systems, Inc.'s Latest SEC 10-K Filing (filed 2026-02-27)
Key Strengths & Strategy (as disclosed to the SEC)
- The following table is a summary of the various key end market applications for our products, and those markets' contribution as a percentage of our total revenue for the periods presented: Our proprietary process and packaging technologies enable us to design and deliver smaller, single-chip power management solutions.
- In contrast to many fabless semiconductor companies, which utilize standard process technologies and design rules established by their foundry partners, we have developed our own proprietary process and packaging technologies and collaborate with our foundry partners to install our technologies on equipment in their facilities for use on our behalf.
- We rely on our proprietary technologies, which include both our proprietary circuit designs for our products and our proprietary manufacturing process technologies.
- Our future success and competitive position depend in part upon our ability to obtain and maintain protection of our proprietary technologies.
Legal & Regulatory Risks (Item 1A, quoted)
- We derive most of our revenue from direct or indirect sales to customers in Asia and have significant operations in Asia, which may expose us to political, cultural, regulatory, economic, foreign exchange, and operational risks.
- Any additional regulations or the amendment, or reinterpretation of previously implemented regulations could require us and our manufacturing partners and suppliers to change our business plans, increase our costs, or limit our ability to manufacture or sell products and conduct business activities in China, which could materially and adversely affect our business and operating results.
- We are subject to export laws, trade policies and restrictions including international tariffs that could materially and adversely affect our business and results of operations.
- Our worldwide tax rates, financial position and operating results may be affected by changes in the relevant tax laws, interpretation of such tax laws or the influence of certain tax policy efforts.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NXPI | NXP Semiconductors N.V. | USD 237.79 | ▼ 1.89% |
| UMC | United Microelectronics Corpora | USD 18.53 | ▼ 6.51% |
| ALAB | Astera Labs, Inc. | USD 257.82 | ▼ 11.11% |
| MCHP | Microchip Technology Incorporat | USD 74.52 | ▼ 3.41% |
| ASX | ASE Technology Holding Co., Ltd | USD 37.74 | ▼ 11.01% |
| STM | STMicroelectronics N.V. | USD 44.09 | ▼ 7.04% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt