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Monolithic Power Systems vs Skyworks Solutions: MPWR and SWKS compared
Monolithic Power Systems is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.0B for Skyworks Solutions (Q4 FY26). Monolithic Power Systems is growing faster (+63% against -5% a year earlier). Monolithic Power Systems is more profitable, with an operating margin of 29.7% against 2.1%.
Where the money goes: MPWR and SWKS
Monolithic Power Systems (MPWR) · Q3 2026
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.
Skyworks Solutions (SWKS) · Q4 FY26
Skyworks Solutions, Q4 FY26: revenue $1.0B (-5% year over year), operating margin 2.1%, net earnings $23.4M, operating cash flow $33.7M. The chart follows the revenue to costs, profit and cash.
| Monolithic Power Systems (MPWR) | Skyworks Solutions (SWKS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $1.2B | $1.0B |
| Revenue growth, Y/Y | +63% | -5% |
| Gross margin | 55.4% | 40.9% |
| Operating margin | 29.7% | 2.1% |
| Net earnings | $271M | $23.4M |
| Net margin | 22.5% | 2.2% |
| Operating cash flow | $290M | $33.7M |
| Free cash flow | $221M | — |
| Market value | $58.5B | $12.4B |
| P/E | 65.6× | 42.9× |
| Analysts’ mean target | $1820.64 | $78.44 |
Questions
Which is bigger, Monolithic Power Systems or Skyworks Solutions?
Monolithic Power Systems is the larger company: $1.2B of revenue in its latest quarter (Q3 2026) against $1.0B for Skyworks Solutions (Q4 FY26).
Is Monolithic Power Systems or Skyworks Solutions growing faster?
Monolithic Power Systems is growing faster (+63% against -5% a year earlier).
Which is more profitable, Monolithic Power Systems or Skyworks Solutions?
Monolithic Power Systems is more profitable, with an operating margin of 29.7% against 2.1%.
More: Monolithic Power Systems earnings · how Monolithic Power Systems makes money · Skyworks Solutions earnings · how Skyworks Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 8-K filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.