Filing Flows › Monolithic Power Systems (MPWR) › Q3 2026 › vs Q3 2025
Monolithic Power Systems (MPWR) Q3 2026 vs Q3 2025 (year over year)
Monolithic Power Systems's revenue rose $465M (+63%) from $737M in Q3 2025 to $1.2B in Q3 2026. Gross margin 55.4% against 55.1% (+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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 55.4% | 55.1% | +0.2 pts |
| Operating margin | 29.7% | 26.5% | +3.3 pts |
| Net margin | 22.5% | 24.4% | -1.8 pts |
| Free cash flow margin | 18.3% | 26.7% | -8.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $1.2B | $737M | $465M | +63% |
| Gross profit | $666M | $406M | $259M | +64% |
| Cost of revenue | $537M | $331M | $206M | +62% |
| Other income, net | $8.9M | $10.4M | −$1.5M | -14% |
| Operating profit | $358M | $195M | $163M | +83% |
| Operating expenses | $308M | $211M | $96.8M | +46% |
| Pre-tax earnings | $367M | $206M | $161M | +78% |
| Research & development | $141M | $98.2M | $42.4M | +43% |
| SG&A | $167M | $113M | $54.4M | +48% |
| Net earnings | $271M | $180M | $91.3M | +51% |
| Income tax | $95.6M | $25.8M | $69.7M | +270% |
| Depreciation & amortization | $18.8M | $13.7M | $5.1M | +37% |
| Share-based compensation | $106M | $60.7M | $45.3M | +75% |
| Working capital & other | $106M | $14.9M | $91.1M | +612% |
| Operating cash flow | $290M | $239M | $50.6M | +21% |
| Free cash flow (OCF − capex) | $221M | $197M | $23.8M | +12% |
| Capital expenditures | $69.3M | $42.5M | $26.8M | +63% |
Questions
How much did Monolithic Power Systems's revenue grow year over year in Q3 2026?
Monolithic Power Systems's revenue rose $465M (+63%) from $737M in Q3 2025 to $1.2B in Q3 2026. Gross margin 55.4% against 55.1% (+0.2 pts).