MPWR · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
MONOLITHIC POWER SYSTEMS, INC. · 2026-08-05 · Importance 64 · Surprise 56 · From source text
Second-quarter 2026 revenue increased 47.6% year over year to $980.6 million from $664.6 million, while six-month revenue increased 37.1% to $1.785 billion from $1.302 billion. Enterprise Data revenue rose 164.3% year over year to $380.6 million in the second quarter and 132.4% to $643.4 million for the six-month period, primarily from AI and server power-management solutions. Communications revenue increased 78.3% to $131.6 million in the second quarter and 67.1% to $243.0 million for six months, driven by power solutions for optical modules and switches. Enterprise Data represented 38.8% of second-quarter revenue versus 21.7% in the prior year, while Storage and Computing declined to 20.4% from 29.4% and Consumer declined to 5.8% from 9.0%.
Key facts
- Revenue for the three months ended June 30, 2026: $980,642 thousand (100.0% of revenue). source
- Revenue for the three months ended June 30, 2025: $664,574 thousand (100.0% of revenue). source
- Revenue for the six months ended June 30, 2026: $1,784,827 thousand (100.0% of revenue). source
- Revenue for the six months ended June 30, 2025: $1,302,128 thousand (100.0% of revenue). source
- Enterprise Data revenue for the three months ended June 30, 2026: $380,561 thousand (38.8% of revenue). source
- Enterprise Data revenue for the three months ended June 30, 2025: $143,964 thousand (21.7% of revenue). source
- Storage and Computing revenue for the three months ended June 30, 2026: $199,830 thousand (20.4% of revenue). source
- Net income for the three months ended June 30, 2026: $257,298 thousand (26.2% of revenue). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +32.2% | Revenue for the three months ended June 30, 2026: $980,642 thousand (100.0% of revenue). |
| revenue | positive | realized | +27.0% | Revenue for the six months ended June 30, 2026: $1,784,827 thousand (100.0% of revenue). |
| revenue | positive | realized | +24.1% | Enterprise Data revenue for the three months ended June 30, 2026: $380,561 thousand (38.8% of revenue). |
| operating_income | positive | realized | +14.2% | Operating income for the three months ended June 30, 2026: $303,894 thousand (31.0% of revenue); for the three months ended June 30, 2025:… |
| net_income | positive | realized | +12.5% | Net income for the three months ended June 30, 2026: $257,298 thousand (26.2% of revenue). |
| revenue | positive | realized | — | Storage and Computing revenue for the three months ended June 30, 2026: $199,830 thousand (20.4% of revenue). |