Filing Flows › Monolithic Power Systems (MPWR) › Q2 2026 › vs Q2 2025
Monolithic Power Systems (MPWR) Q2 2026 vs Q2 2025 (year over year)
Monolithic Power Systems's revenue rose $316M (+48%) from $665M in Q2 2025 to $981M in Q2 2026. Gross margin 55.2% against 55.1% (+0.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.2% | 55.1% | +0.1 pts |
| Operating margin | 31.0% | 24.8% | +6.2 pts |
| Net margin | 26.2% | 20.3% | +5.9 pts |
| Free cash flow margin | 14.8% | 28.5% | -13.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $981M | $665M | $316M | +48% |
| Gross profit | $541M | $366M | $175M | +48% |
| Cost of revenue | $440M | $299M | $141M | +47% |
| Other income, net | $17.8M | $12.2M | $5.6M | +46% |
| Operating profit | $304M | $165M | $139M | +84% |
| Operating expenses | $237M | $201M | $35.9M | +18% |
| Pre-tax earnings | $322M | $177M | $145M | +82% |
| Research & development | $119M | $96.3M | $22.4M | +23% |
| SG&A | $119M | $105M | $13.6M | +13% |
| Net earnings | $257M | $135M | $122M | +91% |
| Income tax | $64.4M | $42.0M | $22.5M | +54% |
| Depreciation & amortization | $17.1M | $13.1M | $3.9M | +30% |
| Share-based compensation | $53.2M | $60.1M | −$6.9M | -12% |
| Working capital & other | $99.6M | −$29.4M | $129M | — |
| Operating cash flow | $228M | $238M | −$9.7M | -4% |
| Free cash flow (OCF − capex) | $145M | $189M | −$44.0M | -23% |
| Capital expenditures | $82.4M | $48.1M | $34.3M | +71% |
Questions
How much did Monolithic Power Systems's revenue grow year over year in Q2 2026?
Monolithic Power Systems's revenue rose $316M (+48%) from $665M in Q2 2025 to $981M in Q2 2026. Gross margin 55.2% against 55.1% (+0.1 pts).