Friday 6 November 2026 Export MPWR’s income statement to Excel — free account

Monolithic Power Systems, Inc.

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

1,186.44 55.01 +4.86%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Monolithic Power Systems, Inc. (MPWR) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
China	1,544	55.34%
Taiwan	550	19.71%
South Korea	253	9.06%
Southeast Asia	148	5.31%
Europe	114	4.07%
U.S.	97	3.47%
Japan	84	3.03%
Other	0	0.02%
Gross margin		55.18%
Operating margin		26.11%
Pre-tax margin		27.46%

Revenue by product or service $m

Line	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
DC To DC Products	1,719 94.37%	1,697 94.56%	1,147 94.99%	800 94.79%	590 93.91%	538 92.30%	432 91.70%	351 90.29%	300 89.99%	253 89.58%	211 88.76%	189 88.27%	170 86.52%	190 86.95%
Lighting Control Products	102 5.63%	98 5.44%	60 5.01%	44 5.21%	38 6.09%	45 7.70%	39 8.30%	38 9.71%	33 10.01%	29 10.42%	27 11.24%	25 11.73%	26 13.48%	29 13.05%
Revenue	1,821	1,794	1,208	844	628	582	471	389	333	283	238	214	197	219

Revenue by segment $m

Line	FY2016	FY2015	FY2014
Consumer Market	154 39.55%	145 43.56%	123 43.44%
Industrial Market	90 23.06%	66 19.92%	49 17.36%
Computing and Storage Market	81 20.73%	57 16.98%	46 16.33%
Communications Market	65 16.65%	65 19.54%	65 22.87%
Revenue	389	333	283

Revenue by region $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
China	1,544 55.34%	1,178 53.39%	935 51.33%	939 52.33%	701 58.04%	517 61.17%	383 60.95%	335 57.48%	258 54.74%	245 63.08%	213 63.99%	181 64.08%	141 59.39%	124 58.12%	113 57.74%	105 48.09%
Taiwan	550 19.71%	578 26.19%	307 16.89%	233 12.99%	169 14.00%	109 12.94%	74 11.75%	75 12.93%	83 17.70%	45 11.68%	42 12.47%	38 13.61%	34 14.38%	27 12.85%	24 12.03%	26 11.81%
South Korea	253 9.06%	168 7.61%	170 9.33%	189 10.56%	93 7.70%	64 7.59%	44 6.99%	41 7.08%	34 7.25%	28 7.13%	21 6.16%	14 5.08%	10 4.20%	9 4.41%	14 7.22%	34 15.43%
Southeast Asia	148 5.31%	79 3.57%	85 4.68%	96 5.34%	55 4.52%	42 5.02%	32 5.10%	36 6.27%	26 5.47%	20 5.05%	19 5.58%	14 4.95%	22 9.14%	22 10.12%	15 7.53%	10 4.67%
Europe	114 4.07%	87 3.94%	133 7.28%	146 8.11%	85 7.05%	56 6.67%	49 7.88%	49 8.50%	38 8.10%	28 7.09%	23 6.79%	20 7.02%	15 6.45%	16 7.58%	14 7.34%	20 9.33%
U.S.	97 3.47%	55 2.50%	97 5.34%	100 5.56%	36 2.96%	20 2.38%	18 2.84%	18 3.03%	11 2.36%	9 2.20%	7 2.02%	6 2.26%	8 3.16%	6 2.67%	4 2.25%	—
Japan	84 3.03%	62 2.80%	93 5.13%	91 5.07%	69 5.69%	35 4.20%	28 4.43%	27 4.61%	20 4.29%	14 3.68%	10 2.92%	8 2.92%	7 3.15%	9 3.98%	11 5.44%	14 6.51%
Other	0 0.02%	0 0.01%	1 0.03%	1 0.03%	0 0.03%	0 0.03%	0 0.05%	1 0.11%	0 0.09%	0 0.07%	0 0.08%	0 0.07%	0 0.13%	1 0.26%	1 0.47%	1 0.32%
United States	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8 3.85%
Revenue	2,790	2,207	1,821	1,794	1,208	844	628	582	471	389	333	283	238	214	197	219

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Days of Inventory (current quarter revenue)	Q3 FY2026	130.00	—	—
Days of Inventory (next quarter revenue)	Q3 FY2026	117.00	—	—
Days of Sales Outstanding	Q3 FY2026	35.00	—	—

	Q3 FY2026	Q2 FY2026	Q1 FY2026
Days of Inventory (current quarter revenue)	‡	‡	‡
Days of Inventory (next quarter revenue)	‡	‡	‡
Days of Sales Outstanding	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.