Monolithic Power Systems, Inc.

MPWR Technology Semiconductors

Monolithic Power Systems, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.8 billion, up 26.4% from fiscal 2024.

Revenue
+63.1%
EPS
+48.7%
Free cash flow
+1,311.6%

Quarter to September 2026, against a year earlier

1,183.07 51.64 +4.56%
Market cap
$55.2B
P/E
63.4×
Fwd P/E
56.0×
Dividend yield
0.65%
F-score
6/9
Altman Z
42.05
Beneish M
−2.48
Dividend safety
88/100

Monolithic Power Systems, Inc. 10-K filed Feb 27, 2026

Fiscal year 2025 · Period ended Dec 31, 2025 · Filed · accepted 4:33 PM ET · Document on sec.gov · Filing index

Red flags

  • Auditor’s opinion

    Monolithic Power Systems, Inc.’s auditor’s report on its 10-K is not a clean opinion, or points to a restatement

    We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control—Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (2013 framework), and our report dated February 27, 2026 expressed an adverse opinion thereon.

    10-K filed · The filing · sec.gov

  • Restatement

    Monolithic Power Systems, Inc.’s 10-K corrects an error in previously issued financial statements

    10-K filed · The filing · sec.gov

What changed

Item 1, Business, against the 10-K filed Mar 3, 2025: 1 added · 1 removed · 30 modified; 3 with only figures updated

  1. Modified · General

    Monolithic Power Systems, Inc. (“MPS,” “we,” or “us”) is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. Incorporated in 1997, our three core strengths include deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging. These combined advantages enable us to deliver reliable, compact, and monolithic solutions found in storage and computing, enterprise data, automotive, industrial, communications and consumer applications. Our mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future. We believe that we differentiate ourselves by offering solutions that are more highly integrated, smaller in size, more energy-efficient, more accurate and more reliable with respect to performance specifications and, consequently, more cost-effective than many competing solutions. We plan to continue to introduce new products within our existing product families, as well as in new, innovative product categoriesproducts that expand our market.