Filing Flows › Monolithic Power Systems (MPWR) › Q3 2026 › vs Q2 2026
Monolithic Power Systems (MPWR) Q3 2026 vs Q2 2026 (quarter over quarter)
Monolithic Power Systems's revenue rose $222M (+23%) from $981M in Q2 2026 to $1.2B in Q3 2026. Gross margin 55.4% against 55.2% (+0.2 pts).
Monolithic Power Systems, Q3 2026: revenue $1.2B (+63% year over year), operating margin 29.7%, net earnings $271M, operating cash flow $290M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 55.4% | 55.2% | +0.2 pts |
| Operating margin | 29.7% | 31.0% | -1.2 pts |
| Net margin | 22.5% | 26.2% | -3.7 pts |
| Free cash flow margin | 18.3% | 14.8% | +3.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $981M | $222M | +23% |
| Gross profit | $666M | $541M | $124M | +23% |
| Cost of revenue | $537M | $440M | $97.3M | +22% |
| Other income, net | $8.9M | $17.8M | −$8.9M | -50% |
| Operating profit | $358M | $304M | $53.8M | +18% |
| Operating expenses | $308M | $237M | $70.7M | +30% |
| Pre-tax earnings | $367M | $322M | $44.9M | +14% |
| Research & development | $141M | $119M | $22.0M | +19% |
| SG&A | $167M | $119M | $48.7M | +41% |
| Net earnings | $271M | $257M | $13.8M | +5% |
| Income tax | $95.6M | $64.4M | $31.1M | +48% |
| Depreciation & amortization | $18.8M | $17.1M | $1.8M | +10% |
| Share-based compensation | $106M | $53.2M | $52.8M | +99% |
| Working capital & other | $106M | $99.6M | $6.3M | +6% |
| Operating cash flow | $290M | $228M | $62.0M | +27% |
| Free cash flow (OCF − capex) | $221M | $145M | $75.1M | +52% |
| Capital expenditures | $69.3M | $82.4M | −$13.1M | -16% |
Questions
How much did Monolithic Power Systems's revenue grow quarter over quarter in Q3 2026?
Monolithic Power Systems's revenue rose $222M (+23%) from $981M in Q2 2026 to $1.2B in Q3 2026. Gross margin 55.4% against 55.2% (+0.2 pts).