MPWR · 10-Q · 2026Q3 · Full report

Capital Return Program

MONOLITHIC POWER SYSTEMS, INC. · 2026-11-03 · Importance 58 · Surprise 42 · Contradicted

The board increased the stock repurchase authorization by $500.0 million in July 2026, adding to the $500.0 million program approved in February 2025 and extending through February 2028. MPS repurchased 362,000 shares for $453.4 million in the third quarter and 365,000 shares for $457.5 million during the first nine months of 2026; $535.9 million remained available at September 30. The company maintained a board-approved quarterly cash dividend program, and accrued dividends totaled $97.6 million at September 30, 2026. Financing cash outflows also reflected $68.0 million more dividend and dividend-equivalent payments year over year for the nine-month period.

Key facts

• MPS's February 2025 stock repurchase program authorized up to $500.0 million of repurchases through February 2028; in July 2026 the board increased the authorization by an additional $500.0 million. source
• MPS intends to pay quarterly cash dividends on its common stock under a board-approved dividend program. source
• At September 30, 2026, $535.9 million remained available for future repurchases under MPS's stock repurchase program. source
• MPS repurchased 362,000 shares for $453.4 million during the three months ended September 30, 2026 and 365,000 shares for $457.5 million during the nine-month period. source
• Accrued dividends totaled $97.6 million at September 30, 2026. source

Impact estimates