Jul. 31 at 1:39 AM
Monolithic Power Systems reported a strong Q2 2026, beating Wall Street expectations on both revenue and earnings. Revenue climbed to
$980.6 million, up 48% year over year and 22% sequentially, well above analyst estimates of about
$901 million. Non-GAAP EPS came in at
$6.50, supported by a healthy non-GAAP gross margin of 55.6%.
The biggest growth driver was the Enterprise Data segment, where revenue surged 164% year over year to
$380.6 million, reflecting accelerating demand for power-management solutions used in AI servers, networking equipment, and high-performance computing infrastructure. The results reinforced the company's growing exposure to the AI buildout.
Looking ahead, Monolithic Power forecast Q3 revenue of
$1.14 billion to
$1.16 billion, comfortably above market expectations, and increased its share repurchase authorization by
$500 million, bringing the total to
$1 billion..
$MPWR