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Monolithic Power Systems

MPS is one of the purest public plays on power management inside AI servers and accelerators.

Price $1.2K Live
1D Change -2.05% 1 day
Market Cap $60.09B Live
Enterprise Value $59.99B Current
Trailing P/E 74.4 TTM
Forward P/E 34.8 Forward
PEG Ratio 0.93x Yahoo est.
Price / Sales 18.4 TTM
EV / Revenue 18.3 TTM
Revenue Growth 47.6% YoY latest qtr
Earnings Growth 85.8% YoY latest qtr
Gross Margin 55.2% TTM
Operating Margin 31.0% TTM
Net Margin 24.5% TTM
ROE 22.0% TTM
Free Cash Flow $444.3M TTM
FCF Margin 13.6% TTM
Debt / Equity 0.49x Latest qtr
Current Ratio 4.97x Latest qtr
Dividend Yield 0.65% Annualized
Next Earnings Oct 29, 2026 Calendar

Metric timing

This page mixes live market data, trailing fundamentals, and latest reported statement data.

Live / market snapshot

Price, 1D change, market cap, and enterprise value are current market-based figures.

TTM / forward

Most valuation and margin cards are trailing twelve months, while forward P/E uses forward consensus.

Latest quarter / dividend cadence

Balance-sheet ratios use the latest reported quarter. Dividend cadence is inferred from recent payout history.

Revenue $2.79B Dec 31, 2025

latest annual revenue

Revenue $980.6M Jun 30, 2026

latest quarterly revenue

Net Income $621.5M Dec 31, 2025

latest annual profit

Net Income $257.3M Jun 30, 2026

latest quarterly profit

Dividend / Share $8.00 Quarterly

annualized per share

Last Dividend $2.00 Sep 30, 2026

latest ex-dividend cash amount

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Why it could benefit going forward

  • MPS is one of the purest public plays on power management inside AI servers and accelerators.
  • As rack density rises, efficient power delivery becomes more valuable.
  • The company can win share if its solutions improve efficiency, thermals, and system performance.

Moat / edge

  • Focused power-management engineering expertise.
  • High-value design wins in performance-sensitive systems.
  • Good reputation for solving difficult customer power problems.

What to watch

  • Enterprise Data segment growth and customer concentration.
  • Margin resilience while scaling with AI demand.
  • New platform wins in high-end systems.

Key risks

  • Exposure can be concentrated if a few large AI customers dominate.
  • Competition from larger analog vendors is real.

Business snapshot

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications. It also provides alternating current (AC) to DC; driver metal-oxide-semiconductor field-effect transistors; power management integrated circuits (ICs); and current limit switch and lighting control products. The company serves storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets through third-party distributors and value-added resellers. Monolithic Power Systems, Inc. was incorporated in 1997 and is based in West Palm Beach, Florida.