MONOLITHIC POWER SYSTEMS, INC. MPWR

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. Incorporated in 1997, our three core strengths include deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable us to deliver reliable, compact, and monolithic solutions found in storage and computing, enterprise data, automotive, industrial, communications and consumer applications. Our mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. We believe that we differentiate ourselves by offering solutions that are more highly integrated, smaller in size, more energy-efficient, more accurate and more reliable with respect to performance specifications and, consequently, more cost-effective than many competing solutions. We plan to continue to introduce new products within our existing product families, as well as new, innovative products that expand our market.

Last close 1,140.12 2026-10-23
Market cap $56.03B 2026-06-30 share count
52-week range 833.18 - 1,714.09

Valuation FY2025 figures against the last close

P/S20.1x
P/E88.7x
P/FCF84.1x
EV/EBITDA71.7x
Dividend yield0.5%
Diluted EPS12.86

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • China
  • Taiwan
  • Korea, Republic Of
  • South East Asia
  • Europe
  • United States
  • Japan
  • Other
Revenue by geography, 8 categories over 3 years. The same figures are in the table below. FY2025 China, FY2025: 1.5B (55.3%) 55% China Taiwan, FY2025: 550.1M (19.7%) 20% Taiwan Korea, Republic Of, FY2025: 252.7M (9.1%) 9% South East Asia, FY2025: 148.1M (5.3%) 5% Europe, FY2025: 113.5M (4.1%) 4% United States, FY2025: 96.7M (3.5%) 3% Japan, FY2025: 84.4M (3.0%) Other, FY2025: 484K (0.0%) FY2024 China, FY2024: 1.2B (53.4%) 53% Taiwan, FY2024: 578M (26.2%) 26% Korea, Republic Of, FY2024: 167.9M (7.6%) 8% South East Asia, FY2024: 78.8M (3.6%) 4% Europe, FY2024: 86.9M (3.9%) 4% United States, FY2024: 55.2M (2.5%) Japan, FY2024: 61.7M (2.8%) Other, FY2024: 310K (0.0%) FY2023 China, FY2023: 934.8M (51.3%) 51% Taiwan, FY2023: 307.5M (16.9%) 17% Korea, Republic Of, FY2023: 169.9M (9.3%) 9% South East Asia, FY2023: 85.2M (4.7%) 5% Europe, FY2023: 132.6M (7.3%) 7% United States, FY2023: 97.3M (5.3%) 5% Japan, FY2023: 93.3M (5.1%) 5% Other, FY2023: 534K (0.0%)
Region FY2025FY2024FY2023
China $1.54B $1.18B $934.8M
Taiwan $550.1M $578.0M $307.5M
Korea, Republic Of $252.7M $167.9M $169.9M
South East Asia $148.1M $78.8M $85.2M
Europe $113.5M $86.9M $132.6M
United States $96.7M $55.2M $97.3M
Japan $84.4M $61.7M $93.3M
Other $484.0K $310.0K $534.0K

As the company reported it, from the “Note 3 - Revenue Recognition - Revenue By Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.79B$2.21B$1.82B$1.79B$1.21B$844.5M$627.9M$582.4M$470.9M$388.7M
Cost of revenue $1.25B$986.2M$800.0M$745.6M$522.3M$378.5M$281.6M$259.7M$212.6M$177.8M
Gross profit $1.54B$1.22B$1.02B$1.05B$685.5M$466.0M$346.3M$322.7M$258.3M$210.9M
SG&A $428.8M$356.8M$275.7M$281.6M$232.4M$161.7M$133.5M$113.8M$97.3M$83.0M
Total operating expenses $811.1M$681.5M$539.4M$521.8M$423.0M$307.1M$243.8M$209.2M$180.9M$156.4M
Operating income $728.6M$539.4M$481.7M$526.8M$262.4M$158.9M$102.6M$113.5M$77.4M$54.4M
Pre-tax income $766.2M$572.9M$505.8M$524.9M$272.2M$169.3M$113.1M$118.5M$82.9M$57.3M
Income tax $144.7M$1.02B$78.5M$87.3M$30.2M$5.0M$4.3M$13.2M$17.7M$4.5M
Net income $621.5M$1.59B$427.4M$437.7M$242.0M$164.4M$108.8M$105.3M$65.2M$52.7M
EPS, basic 12.9432.768.989.375.283.672.522.491.581.30
EPS, diluted 12.8632.608.769.055.053.502.382.361.501.26
Shares, diluted (wtd. avg.) 48.3M48.8M48.8M48.4M47.9M47.0M45.8M44.6M43.6M41.9M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $787.4M$691.8M$527.8M$288.7M$189.4M$335.1M$173.1M$172.8M$82.9M$112.8M
Short-term investments $358.7M$171.1M$580.6M$449.3M$535.8M$260.2M$282.4M$204.6M$216.3M$155.5M
Receivables $194.8M$172.5M$179.9M$182.7M$104.8M$66.8M$52.7M$55.2M$38.0M$34.2M
Inventory $490.6M$419.6M$383.7M$447.3M$259.4M$157.1M$127.5M$136.4M$99.3M$71.5M
Total current assets $1.92B$1.57B$1.82B$1.41B$1.12B$842.0M$655.2M$580.8M$449.2M$383.0M
Property, plant and equipment $563.9M$494.9M$369.0M$357.2M$363.0M$281.5M$228.3M$150.0M$144.6M$85.2M
Goodwill $25.9M$25.9M$6.6M$6.6M$6.6M$6.6M$6.6M$6.6M$6.6M$6.6M
Other intangibles $9.4M$9.9M$0————$111.0K$951.0K$3.0M
Total assets $3.87B$3.52B$2.43B$2.06B$1.59B$1.21B$956.4M$793.4M$652.6M$511.1M
Accounts payable $129.9M$102.5M$63.0M$61.5M$83.0M$38.2M$27.3M$22.7M$22.8M$17.4M
Total current liabilities $383.5M$294.6M$235.0M$263.4M$226.9M$147.0M$98.2M$80.4M$65.9M$52.9M
Total liabilities $662.3M$564.7M$384.4M$390.3M$341.8M$241.9M$182.9M$153.3M$130.6M$80.0M
Retained earnings $2.41B$2.29B$947.1M$716.4M$424.9M$298.7M$229.4M$194.7M$143.6M$119.4M
Total equity $3.21B$2.95B$2.05B$1.67B$1.24B$966.6M$773.5M$640.1M$522.0M$431.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $838.2M$788.4M$638.2M$246.7M$320.0M$267.8M$216.3M$141.5M$133.8M$107.8M
Depreciation and amortisation $52.5M$36.4M$40.2M$37.1M$28.7M$19.2M$14.9M$12.3M$16.1M$14.7M
Stock-based compensation $227.5M$205.6M$149.7M$161.0M$123.5M$85.6M$78.7M$60.6M$52.6M$45.0M
Capital expenditure $172.0M$146.1M$57.6M$58.8M$94.4M$55.6M$95.8M$22.5M$65.8M$37.1M
Investing cash flow -$157.3M$223.0M-$178.7M-$12.5M-$378.9M-$39.2M-$167.1M-$14.7M-$134.1M-$55.7M
Financing cash flow -$285.9M-$872.2M-$183.7M-$128.8M-$90.2M-$71.6M-$48.0M-$34.6M-$31.3M-$28.1M
Dividends paid $284.8M$240.6M$185.8M$138.0M$109.4M$88.8M$67.3M$47.5M$33.9M—
Buybacks $6.6M$636.2M$3.7M$0$0—————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014084.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Revenue, FY2016: 388.7M Gross profit, FY2016: 210.9M Net income, FY2016: 52.7M Revenue, FY2017: 470.9M Gross profit, FY2017: 258.3M Net income, FY2017: 65.2M Revenue, FY2018: 582.4M Gross profit, FY2018: 322.7M Net income, FY2018: 105.3M Revenue, FY2019: 627.9M Gross profit, FY2019: 346.3M Net income, FY2019: 108.8M Revenue, FY2020: 844.5M Gross profit, FY2020: 466M Net income, FY2020: 164.4M Revenue, FY2021: 1.2B Gross profit, FY2021: 685.5M Net income, FY2021: 242M Revenue, FY2022: 1.8B Gross profit, FY2022: 1B Net income, FY2022: 437.7M Revenue, FY2023: 1.8B Gross profit, FY2023: 1B Net income, FY2023: 427.4M Revenue, FY2024: 2.2B Gross profit, FY2024: 1.2B Net income, FY2024: 1.6B Revenue, FY2025: 2.8B Gross profit, FY2025: 1.5B Net income, FY2025: 621.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $388.7M $470.9M $582.4M $627.9M $844.5M $1.21B $1.79B $1.82B $2.21B $2.79B
Gross profit $210.9M $258.3M $322.7M $346.3M $466.0M $685.5M $1.05B $1.02B $1.22B $1.54B
Net income $52.7M $65.2M $105.3M $108.8M $164.4M $242.0M $437.7M $427.4M $1.59B $621.5M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Accounts can no longer be relied on The company is telling investors that figures it has already published are wrong. Rare, and about as direct as a filing gets. Item 4.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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