Filing Flows › Monolithic Power Systems (MPWR) › Q2 2026 › vs Q1 2026
Monolithic Power Systems (MPWR) Q2 2026 vs Q1 2026 (quarter over quarter)
Monolithic Power Systems's revenue rose $176M (+22%) from $804M in Q1 2026 to $981M in Q2 2026. Gross margin 55.2% against 55.3% (-0.2 pts).
Monolithic Power Systems, Q2 2026: revenue $981M (+48% year over year), operating margin 31.0%, net earnings $257M, operating cash flow $228M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 55.2% | 55.3% | -0.2 pts |
| Operating margin | 31.0% | 30.0% | +1.0 pts |
| Net margin | 26.2% | 24.0% | +2.2 pts |
| Free cash flow margin | 14.8% | 22.3% | -7.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $981M | $804M | $176M | +22% |
| Gross profit | $541M | $445M | $96.0M | +22% |
| Cost of revenue | $440M | $359M | $80.5M | +22% |
| Other income, net | $17.8M | $6.0M | $11.8M | +196% |
| Operating profit | $304M | $241M | $62.7M | +26% |
| Operating expenses | $237M | $204M | $33.3M | +16% |
| Pre-tax earnings | $322M | $247M | $74.5M | +30% |
| Research & development | $119M | $101M | $18.1M | +18% |
| SG&A | $119M | $103M | $15.2M | +15% |
| Net earnings | $257M | $193M | $64.1M | +33% |
| Income tax | $64.4M | $54.0M | $10.5M | +19% |
| Depreciation & amortization | $17.1M | $15.1M | $2.0M | +13% |
| Share-based compensation | $53.2M | $41.1M | $12.1M | +29% |
| Working capital & other | $99.6M | −$823K | $100M | — |
| Operating cash flow | $228M | $250M | −$22.3M | -9% |
| Free cash flow (OCF − capex) | $145M | $179M | −$33.9M | -19% |
| Capital expenditures | $82.4M | $70.8M | $11.6M | +16% |
Questions
How much did Monolithic Power Systems's revenue grow quarter over quarter in Q2 2026?
Monolithic Power Systems's revenue rose $176M (+22%) from $804M in Q1 2026 to $981M in Q2 2026. Gross margin 55.2% against 55.3% (-0.2 pts).