Monolithic Power Systems, Inc.: Beat — EPS $8.19, Revenue $1.2B
Earnings BeatQ3 2026 · After-market
Did Monolithic Power Systems, Inc. (MPWR) beat earnings today?
Yes, Monolithic Power Systems, Inc. (MPWR) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+5.68% surprise
$8.19Actual
Expected: $7.75
vs. year ago +73.2%
Total Revenue+3.66% surprise
$1.2BActual
Expected: $1.16B
vs. year ago +63.1%
Released Oct 29 · 4:01 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $1.20B | $737.18M | 63.1 |
| Revenue detail — reported lines | |||
| └─Enterprise Data | $506.70M | $191.50M | 164.6 |
| └─Storage & Computing | $192.20M | $186.60M | 3.0 |
| └─Communications | $187.40M | $79.90M | 134.7 |
| └─Automotive | $180.70M | $151.50M | 19.2 |
| └─Industrial | $71.40M | $55.30M | 29.0 |
| └─Consumer | $64.00M | $72.40M | -11.6 |
| Net income | $271.07M | $179.77M | 50.8 |
| GAAP Basic EPS | $5.53 | $3.75 | - |
| GAAP Diluted EPS | $5.51 | $3.74 | 47.3 |
| Non-GAAP Basic EPS | $8.21 | $4.74 | - |
| Non-GAAP Diluted EPS | $8.19 | $4.73 | 73.2 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | Full Year Outlook |
|---|---|---|
| Revenue | $1,315M-$1,385M | — |
| GAAP Gross Margin | 55.2%-55.8% | — |
| Non-GAAP Gross Margin | 55.5%-56.1% | — |
| Stock-Based Compensation | $121.0M-$125.0M (includes ~$3.8M cost of goods sold) | — |
| GAAP Operating Expenses | $334.0M-$342.0M | — |
| Non-GAAP Operating Expenses | $216.8M-$220.8M (excludes $117.2M-$121.2M stock-based compensation) | — |
| Interest and Other Income | $7.8M-$8.2M | — |
| Diluted Shares | 48.9M-49.3M | — |
Business Highlights
- ➤Annual-revenue support capacity surpassed $6B.
- ➤Expects $8B capacity by the second half of 2027.
- ➤Expanded enterprise-data customers using in-house AI design tools.
- ➤Expanded into new desktop AI design applications.
- ➤Received first orders for 48V power solutions in Automotive.
- ➤Began ramping robotics solutions with sensor and motor-control products.
- ➤Landed first large data converter design win.
- ➤Ramped high-speed memory products to expand SAM.
- ➤Began sampling GaN-based solutions for 800V data-center architectures.
- ➤Authorized an additional $500M for stock repurchases, totaling $1B authorization.
Management Commentary
Michael Hsing, CEO and founder of MPS
“Overall, we see accelerated growth. Our diversified growth strategy is paying off,”