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Monolithic Power Systems (MPWR) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 3, 2026 · Monolithic Power Systems (MPWR) Q3 2026 earnings results →
Q3 2026 Revenue up 63% year over year to $1.2B · 23¢ of every $1 of revenue kept as net profit · operating margin 29.7%
Monolithic Power Systems made $1.2B in Q3 2026 (+63% Y/Y). Operating margin 29.7%, net earnings $271M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 3, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.2B in Q3 2026, up 63% year over year and up 23% from the previous quarter.
Gross margin was 55.4%, up 0.2 points from Q3 2025. Operating profit was $0.36B, a 29.7% margin (up 3.3 points year over year). Of the extra revenue versus Q3 2025, 35% reached operating profit, above the 26% margin then. Operating expenses grew 46% against revenue growth of 63%. The fastest-growing cost line was SG&A (+48%). Net earnings were $0.27B, up 51% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.29B (up 21% year over year), 107% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.07B left free cash flow of $0.22B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 3, 2026 | $1.2B | +63% | 29.7% | $271M | $290M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $981M | +48% | 31.0% | $257M | $228M |
| Q1 2026 | 10-Q | May 4, 2026 | $804M | +26% | 30.0% | $193M | $250M |
| Q4 2025 | 10-K | Feb 27, 2026 | $751M | +21% | 26.6% | $172M | $105M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $737M | +19% | 26.5% | $180M | $239M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $665M | +31% | 24.8% | $135M | $238M |
| Q1 2025 | 10-Q | May 5, 2025 | $638M | +39% | 26.5% | $135M | $256M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Monolithic Power Systems
MPS is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. Founded in 1997 by our CEO Michael Hsing, MPS has three core strengths: 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 MPS to deliver reliable, compact, and monolithic solutions that are highly energy-efficient, cost-effective, and environmentally responsible while providing a consistent return on investment to our stockholders. MPS can be contacted through its website at www.monolithicpower.com or its support offices around the world.
In its own words, from its 8-K, filed Jul 30, 2026.
Monolithic Power Systems against its Semiconductors & Related Devices peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +63% against the peers' median +45%. Operating margin: 29.7% against the peers' median 40.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MPWR Monolithic Power Systems | Q3 2026 | $1.2B | +63% | 29.7% |
| NVDA NVIDIA | Q2 FY27 | $96.2B | +106% | 66.2% |
| MU Micron Technology | Q4 FY26 | $54.2B | +379% | 80.7% |
| AVGO Broadcom | Q3 FY26 | $29.6B | +86% | 53.9% |
| INTC Intel | Q3 2026 | $16.5B | +21% | 15.3% |
| AMD Advanced Micro Devices | Q3 2026 | $13.4B | +45% | 21.2% |
| AMAT Applied Materials | Q3 FY26 | $9.1B | +25% | 33.7% |
| TXN Texas Instruments | Q3 2026 | $6.1B | +28% | 47.5% |
| ADI Analog Devices | Q3 FY26 | $4.0B | +40% | 40.1% |
Source: Monolithic Power Systems 10-Q on SEC EDGAR · CIK 1280452 · Semiconductors & Related Devices
Guidance and outlook
13F: who owns MPWR and who is buying
More on MPWR
- How Monolithic Power Systems makes money: revenue by segment
- Monolithic Power Systems next earnings date and what analysts expect
- Monolithic Power Systems stock forecast, price target and fair value
- Who owns Monolithic Power Systems stock: holders, funds and Congress trades
- Monolithic Power Systems guidance and outlook
- Is Monolithic Power Systems a takeover target? LBO and rumors
- Monolithic Power Systems recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Monolithic Power Systems gross margin by quarter
- Monolithic Power Systems operating margin by quarter
- Monolithic Power Systems net income by quarter
- Monolithic Power Systems free cash flow by quarter
- Monolithic Power Systems R&D spending by quarter
- Monolithic Power Systems capital expenditures by quarter