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Monolithic Power SystemsMPWR

Semiconductors · Kirkland, Washington · In the S&P 500
Solid businessPricier than peers
$1,211.63+1.07%After hours: $1,214.08 (+0.20%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 10.7% over 1 year
Monolithic Power Systems over 1 yearDaily close, $, to 30 Oct 2026
$1,000$1,500Nov2026MarMayJulSep$1,212$1,000$1,500NovMarJul$1,212
Source: Nasdaq daily closes
Market value$59.54B
Price to earnings66.5x
Forward P/E37.4x
Dividend yield0.66%
Year to date+33.7%
One year+10.7%
Next earningsNot scheduled
SectorInformation Technology
52-week range (closes)
$856.96$1,689.89

Quality and valuation

How Monolithic Power Systems compares with other information technology stocks. A description, not a recommendation.

Monolithic Power Systems and 6 semiconductors peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: pricier than most

An average business among information technology companies, priced above most of them.

Monolithic Power Systems trades at 37.4 times the next 12 months of expected earnings, against a median of 22.2x for the 99 information technology stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew faster than the sector median: +28.7% vs +20.6%
  • Keeps less of each sale (gross margin): 55.2% vs 61.5%
  • More profitable (operating margin): 28.7% vs 17.0%
  • Turns less of its sales into cash: 17.9% vs 21.7%
MPWR trades at 37.4x forward earnings, above the sector medianForward p/e, Semiconductors peers
MU5.0xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xMPWR37.4xINTC38.4xAMD44.8xSector median 22.2xMU5.0xNVDA16.9xAVGO18.8xTSM19.8xTXN28.7xMPWR37.4xINTC38.4xAMD44.8xSector median 22.2x
Source: CNBC quotes; Mostly Markets
At 74.0x earnings, MPWR is pricier than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
50x100xAverage 61.4x2025202674.0x50x100xAverage 61.4x2025202674.0x
Source: Nasdaq prices; SEC filings

Financials

From Monolithic Power Systems's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 47.6% from a year earlierQuarterly revenue, $m, latest Q2 ’26
$0m$250m$500m$750mQ3 ’24Q1 ’25Q3 ’25$981mQ2 ’26$0m$500mQ3 ’24Q1 ’25Q3 ’25$981mQ2 ’26
Source: SEC filings
Growth sped up to +47.6% last quarterRevenue growth, year on year, %
0%20%40%Q3 ’24Q1 ’25Q3 ’2547.6%Q2 ’260%20%40%Q3 ’24Q1 ’25Q3 ’2547.6%Q2 ’26
Source: SEC filings
Operating margin was 31.0% last quarterOperating income as a share of revenue, %
0%10%20%30%Q3 ’24Q1 ’25Q3 ’2531.0%Q2 ’260%20%Q3 ’24Q1 ’25Q3 ’2531.0%Q2 ’26
Source: SEC filings
Free cash flow was $586 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
$0m$100m$200mQ3 ’24Q1 ’25Q3 ’25$145mQ2 ’26$0m$100m$200mQ3 ’24Q1 ’25Q3 ’25$145mQ2 ’26
Source: SEC filings
Last 12 monthsMPWRSector median
Revenue growth+28.7%+20.6%
Gross margin55.2%61.5%
Operating margin28.7%17.0%
Free cash flow margin17.9%21.7%
Price to earnings66.5x33.1x

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Semiconductors, by market value.

CompanyPriceTodayYTDValue
NVDANvidia$204.64−4.22%+9.7%$4.93T
TSMTaiwan Semiconductor$406.13−5.95%+33.6%$2.11T
AVGOBroadcom$326.08−5.48%−5.8%$1.56T
MUMicron Technology$884.74−5.30%+210.0%$1.00T
AMDAMD$504.80−10.88%+135.7%$824B
INTCIntel$65.76−28.58%+78.2%$348B
TXNTexas Instruments$300.84−3.40%+73.4%$275B
ARMArm Holdings$205.97−9.97%+88.4%$220B