Filing Flows › Monolithic Power Systems (MPWR) › Q3 2026
Monolithic Power Systems (MPWR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Monolithic Power Systems (MPWR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +63% from a year earlier and +23% from the quarter before. Operating margin was 29.7%, net earnings $271M (22.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +23% | +63% |
| Gross profit | $666M | +23% | +64% |
| Operating profit | $358M | +18% | +83% |
| Net earnings | $271M | +5% | +51% |
| Operating cash flow | $290M | +27% | +21% |
| Free cash flow | $221M | +52% | +12% |
What changed
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.
Questions
What was Monolithic Power Systems' revenue in the third quarter 2026?
Monolithic Power Systems (MPWR) reported revenue of $1.2B for the third quarter 2026 (Q3 2026), +63% from a year earlier and +23% from the quarter before.
Was Monolithic Power Systems profitable in the third quarter 2026?
Operating profit was $358M (29.7% of revenue) and net earnings $271M.