MPWR · 10-Q · 2026Q3 · Full report

Liquidity and Cash Position

MONOLITHIC POWER SYSTEMS, INC. · 2026-11-03 · Importance 47 · Surprise 22 · Matches filing data

At September 30, 2026, cash and cash equivalents were $560.5 million and short-term investments were $530.7 million, totaling $1,091.2 million, down from $1,256.5 million at December 31, 2025. Foreign subsidiaries held $349.2 million of cash and cash equivalents and $313.2 million of short-term investments. MPS repatriated $625.0 million from certain foreign subsidiaries during the first nine months of 2026 with minimal tax impact, while earnings from other foreign subsidiaries were expected to remain indefinitely reinvested. The company stated that its $1,091.2 million of cash, cash equivalents and short-term investments, together with operating cash generation, would be sufficient for liquidity requirements over the next 12 months.

Key facts

• MPS had $1,091.2 million in cash, cash equivalents, and short-term investments at September 30, 2026, and believed these balances plus cash generated by ongoing operations would meet liquidity requirements for the next 12 months. source
• MPS repatriated $625.0 million from certain foreign subsidiaries to the U.S. during the nine months ended September 30, 2026, with minimal tax impact. source
• At September 30, 2026, MPS had $560.5 million in cash and cash equivalents and $530.7 million in short-term investments, compared with $1,099.3 million and $157.2 million, respectively, at December 31, 2025. source
• At September 30, 2026, MPS foreign subsidiaries held $349.2 million of cash and cash equivalents and $313.2 million of short-term investments. source
• MPS anticipates that earnings from other foreign subsidiaries will continue to be indefinitely reinvested. source

Impact estimates