MPWR · 10-Q · 2026Q2 · Full report
Capital Return Program
MONOLITHIC POWER SYSTEMS, INC. · 2026-08-05 · Importance 64 · Surprise 82 · Contradicted
MPS repurchased 3,000 common shares for $4.0 million during the three and six months ended June 30, 2026. The February 2025 authorization permitted up to $500.0 million of repurchases through February 2028, with $489.3 million remaining at June 30, 2026. In July 2026, the Board increased the authorization by an additional $500.0 million, raising total potential authorization to $1.0 billion. Accrued dividends totaled $98.3 million at June 30, 2026, and dividend declarations and future repurchases remain subject to Board discretion.
Key facts
- In July 2026, Board increased the authorized amount of the repurchase program by an additional $500.0 million. source
- In February 2025, Board approved stock repurchase program authorizing repurchases up to $500.0 million through February 2028; as of June 30, 2026, $489.3 million remained available for future repurchases and the company repurchased 3,000 shares for $4.0 million during the three and six months ended June 30, 2026. source
- As of June 30, 2026, accrued dividends totaled $98.3 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -9.1% | In July 2026, Board increased the authorized amount of the repurchase program by an additional $500.0 million. |
| cash | negative | committed | -8.9% | In February 2025, Board approved stock repurchase program authorizing repurchases up to $500.0 million through February 2028; as of June… |
| cash | negative | realized | -0.1% | In February 2025, Board approved stock repurchase program authorizing repurchases up to $500.0 million through February 2028; as of June… |
| liability | negative | realized | — | As of June 30, 2026, accrued dividends totaled $98.3 million. |