MPWR · 10-Q · 2026Q3 · Full report

End-Market Demand Trends

MONOLITHIC POWER SYSTEMS, INC. · 2026-11-03 · Importance 57 · Surprise 64 · In source text

Demand also strengthened in Communications and Automotive: third-quarter 2026 revenue increased 134.7% and 19.2%, respectively, year over year. Communications growth reflected higher sales of power solutions for optical modules and switches; Automotive growth reflected applications supporting advanced driver assistance systems. For the nine months ended September 30, Automotive revenue grew 11.0%, supported by ADAS, infotainment and lighting applications, while Storage and Computing and Consumer revenue declined 0.7% and 7.2%, respectively.

Key facts

• Communications revenue was $187.4 million for the three months ended September 30, 2026, up $107.6 million, or 134.7%, year over year, primarily due to higher sales of power solutions for optical modules and switches. source
• Communications revenue was $430.5 million for the nine months ended September 30, 2026, up $205.1 million, or 91.0%, year over year, primarily due to higher sales of power solutions for optical modules and switches. source
• Automotive revenue was $180.7 million for the three months ended September 30, 2026, up $29.2 million, or 19.2%, year over year, due to higher sales of applications supporting advanced driver assistance systems. source
• Automotive revenue was $490.1 million for the nine months ended September 30, 2026, up $48.5 million, or 11.0%, year over year, primarily due to higher sales for advanced driver assistance systems, infotainment, and lighting systems. source
• MPS said customers in most situations can cancel or reschedule orders without significant penalty, making forecasts of orders, revenue, and expenses difficult. source

Impact estimates