MPWR · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

MONOLITHIC POWER SYSTEMS, INC. · 2026-11-03 · Importance 75 · Surprise 64 · In source text

Third-quarter 2026 revenue increased 63.1% year over year to $1,202.4 million; nine-month revenue increased 46.5% to $2,987.2 million. Enterprise Data revenue rose 164.6% to $506.7 million in the quarter and 145.6% to $1,150.1 million for nine months, driven by AI and server power-management solutions; its share of quarterly revenue increased to 42.1% from 26.0%. Communications revenue increased 134.7% to $187.4 million in the quarter and 91.0% to $430.5 million for nine months, with higher sales of power solutions for optical modules and switches. Automotive revenue grew 19.2% to $180.7 million in the quarter and 11.0% to $490.1 million for nine months; higher power-solution mix, which carries higher average selling prices than discrete ICs, also contributed to overall growth.

Key facts

• MPS reported revenue of $1,202.4 million for the three months ended September 30, 2026, up $465.2 million, or 63.1%, from $737.2 million in the comparable 2025 period. source
• MPS reported revenue of $2,987.2 million for the nine months ended September 30, 2026, up $947.9 million, or 46.5%, from $2,039.3 million in the comparable 2025 period. source
• MPS attributed its three-month 2026 revenue increase primarily to increased demand in enterprise data, communications, and automotive, and to a higher mix of power solutions, which have higher average selling prices than discrete ICs. source
• MPS attributed its nine-month 2026 revenue increase primarily to increased demand in enterprise data, communications, and automotive, and to a higher mix of power solutions, which have higher average selling prices than discrete ICs. source

Impact estimates