MPWR · 10-Q · 2026Q2 · Full report

End-Market Demand Trends

MONOLITHIC POWER SYSTEMS, INC. · 2026-08-05 · Importance 75 · Surprise 64

Second-quarter 2026 revenue increased 47.6% year over year to $980.6 million, primarily reflecting higher demand for enterprise data and communications products and a greater mix of higher-ASP power solutions. Enterprise data revenue rose 164.3% to $380.6 million, driven by power-management solutions for artificial intelligence and server applications. Communications revenue increased 78.3% to $131.6 million, supported by power solutions for optical modules and switches. Storage and computing grew 2.3%, automotive increased 8.2% on infotainment and lighting demand, industrial increased 17.3%, and consumer declined 4.8% in the quarter.

Key facts

• Communications revenue for the three months ended June 30, 2026: $131,571 thousand (13.4% of revenue), an increase of $57.8 million, or 78.3%, from Q2 2025 due to higher sales of power solutions for optical modules and switches. source
• For the six months ended June 30, 2026, communications end market revenue of $243.0 million increased $97.6 million, or 67.1%, from the same period in 2025 due to higher sales of power solutions for optical modules and switches. source
• Automotive revenue for the three months ended June 30, 2026: $157,068 thousand (16.0% of revenue), an increase of $11.9 million, or 8.2%, from Q2 2025. source
• Industrial end market revenue for the three months ended June 30, 2026: $54,807 thousand (5.6% of revenue), an increase of $8.1 million, or 17.3%, from Q2 2025. source
• Consumer end market revenue for the three months ended June 30, 2026: $56,805 thousand (5.8% of revenue), a decrease of $2.9 million, or 4.8%, from Q2 2025. source