MPWR
NASDAQ · Semiconductors
Monolithic Power Systems Inc
$1,101.59
+25.24 (+2.35%)
Performance
1D
—
1W
—
1M
—
3M
+16.41%
6M
+24.12%
1Y
+74.04%
YTD
+17.65%
Open$1,068.75
Previous Close$1,076.35
Day High$1,109.99
Day Low$1,060.00
52W High$1,250.00
52W Low$438.86
Volume—
Avg Volume685.4K
Market Cap55.55B
P/E Ratio90.20
EPS$12.74
SectorSemiconductors
Technical Indicators
Full analysis →
SMA 50
$1,039.69
Above
SMA 200
$881.79
Above
RSI (14)
49.1
Neutral
Trend
Golden Cross
Bullish
Analyst Ratings
Strong Buy
26 analysts
Price Target
-76.6% upside
Current
$1,101.59
$1,101.59
Target
$257.71
$257.71
$164.02
$257.71 avg
$305.78
Key Financials
| FY 2026 | FY 2025 | FY 2024 | |
|---|---|---|---|
| Revenue | 2.75B | 2.38B | 17.53B |
| Net Income | 607.83M | 472.16M | 3.26B |
| Profit Margin | 22.1% | 21.0% | 18.6% |
| EBITDA | 756.14M | 620.00M | 5.86B |
| Free Cash Flow | — | — | 3.97B |
| Rev Growth | +15.9% | +15.9% | +22.9% |
| Debt/Equity | — | — | 0.45 |
Dividend
Dividend Yield0.68%
Annual Dividend$5.02
Payout Ratio13.5%
Frequencyquarterly
Ex-DividendMar 19, 2026
Pay DateApr 6, 2026
About Monolithic Power Systems Inc
Monolithic Power Systems, Inc. is a leading semiconductor company headquartered in Kirkland, Washington, specializing in high-performance analog and mixed-signal power management integrated circuits. The company designs a broad portfolio of DC-DC converters, voltage regulators, and power modules used in cloud computing infrastructure, automotive electronics, industrial applications, consumer devices, and telecommunications equipment. Monolithic Power Systems competes with Texas Instruments, Analog Devices, and Infineon in the power management IC market, distinguishing itself through proprietary process technology and a focus on high-density, high-efficiency solutions. Its growing presence in AI server power delivery has positioned it as a key supplier to hyperscale data center customers.
Semiconductors Peers
| Symbol | Name | Price | Change | P/E | Mkt Cap |
|---|---|---|---|---|---|
| NVDA | NVIDIA Corp | $175.20 | -0.25% | 35.6 | 4.27T |
| AVGO | Broadcom Inc. | $318.29 | -1.31% | 68.5 | 1.58T |
| MU | Micron Technology Inc | $395.53 | -2.18% | 39.1 | 465.34B |
| AMD | Advanced Micro Devices Inc | $205.37 | +1.33% | 76.5 | 331.58B |
| LRCX | Lam Research Corp | $238.84 | +2.37% | 47.1 | 292.85B |
| AMAT | Applied Materials Inc | $373.99 | +3.37% | 37.1 | 290.91B |
MPWR Frequently Asked Questions
What does Monolithic Power Systems do?
Monolithic Power Systems designs the chips that control how power flows inside electronic devices — converting, regulating, and managing voltage with precision efficiency. Its products are embedded in servers, laptops, automotive systems, and industrial equipment, often in spaces where heat and size constraints demand high-performance solutions. The company's expanding position in AI server power delivery — supplying voltage regulators to hyperscale data center customers — has drawn particular attention as data center power demands have grown sharply with AI workloads. Revenue spans cloud computing, automotive, consumer electronics, and telecom infrastructure.
Is MPWR stock a good investment?
Monolithic Power Systems has consistently grown faster than the analog semiconductor industry average, driven by design wins in high-growth end markets including AI infrastructure. Margins are strong for a fabless semiconductor company, and the balance sheet carries minimal debt. The stock has historically traded at a significant premium valuation relative to analog peers, which means execution on AI server and automotive growth expectations is critical to sustaining that premium. Any slowdown in data center capex or loss of a major customer win could pressure the multiple materially.
Who are Monolithic Power Systems' main competitors?
Texas Instruments is the largest analog semiconductor company in the world and competes across nearly every power management application. Analog Devices holds a strong position in precision analog and power management. Infineon Technologies is a formidable competitor in automotive power semiconductors. Renesas and STMicroelectronics also compete in automotive and industrial power. In AI server power delivery specifically, Monolithic Power has faced competition from Renesas and is racing to extend its early advantage.
Does Monolithic Power Systems pay dividends?
Monolithic Power Systems initiated a dividend in 2014 and has increased it annually since, though the yield remains small relative to the stock price given the company's premium valuation. Management views the dividend as supplementary to reinvestment in R&D and organic growth, rather than the primary mechanism for returning capital. The consistency of increases signals confidence in cash flow durability even through semiconductor cycle downturns, which are an inherent feature of the industry.
Where is MPWR trading today?
MPWR is currently trading at $1,101.59, up 2.35% in today's session. Over the past 52 weeks, the stock has traded between a low of $438.86 and a high of $1,250.00. The current price represents 82% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.
What are analyst ratings for MPWR stock?
Among 26 analysts covering MPWR, the consensus rating is Strong Buy — 22 rate it a buy, 4 hold, and 0 sell. The average price target sits at $257.71, implying 77% downside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.
How much revenue does Monolithic Power Systems Inc generate?
Monolithic Power Systems Inc generated $2.75B in revenue during fiscal year 2026, with $607.83M reaching the bottom line as net income. The net profit margin of 22.1% is strong by most industry standards.
What is the price-to-earnings ratio for MPWR?
MPWR trades at a P/E ratio of 90.20 on trailing earnings of $12.74 per share. That's well above the S&P 500 historical average of ~20-25x, which typically signals that investors are pricing in aggressive future growth. Comparing this multiple against Semiconductors sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.
How has MPWR performed compared to last year?
Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +16.41% (3M), +24.12% (6M), +74.04% (1Y), +17.65% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether MPWR is outperforming or lagging the broader market.