MPWR on Nasdaq

Monolithic Power Systems

Logo: Monolithic Power Systems, Inc., Public domain, via Wikimedia Commons4

U.S. information technology company

Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in West Palm Beach, Florida.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1997Founded1

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  • TickerMPWR on Nasdaq1
  • Industrysemiconductor industry1
  • HeadquartersSan Jose1
  • Websitewww.monolithicpower.com
  • Legal formpublic company1
  • Incorporated inDE5
  • Business address1555 Palm Beach Lakes Blvd., West Palm Beach, Fl 334015
  • Filer categoryLarge accelerated filer5

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Monolithic Power Systems, Inc. is an American, publicly traded company headquartered in West Palm Beach, Florida. It operates in more than 15 locations worldwide.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

55.2%Gross margin7
26.1%Operating margin7
22.3%Net margin7
26.4%Revenue growth, 20257
17.6%Return on equity7
$666.2MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

China brought in 55% of the revenue Monolithic Power Systems broke down this way in fiscal 2025.

  1. China$1.5B755%up 31% from 2024
  2. Taiwan$550.1M720%down 5% from 2024
  3. South Korea$252.7M79%up 51% from 2024
  4. South East Asia$148.1M75%up 88% from 2024
  5. Europe$113.5M74%up 31% from 2024
  6. United States$96.7M73%up 75% from 2024
  7. Japan$84.4M73%up 37% from 2024
  8. Other Region$484.0K70%up 56% from 2024
Regions by year
Regions202320242025
China$934.8M$1.2B$1.5B
Taiwan$307.5M$578.0M$550.1M
South Korea$169.9M$167.9M$252.7M
South East Asia$85.2M$78.8M$148.1M
Europe$132.6M$86.9M$113.5M
United States$97.3M$55.2M$96.7M
Japan$93.3M$61.7M$84.4M
Other Region$534.0K$310.0K$484.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue45¢$1.3B
  • Selling, general and admin15¢$428.8M
  • Other costs12¢$344.7M
  • Income tax5¢$144.7M
  • Profit22¢$621.5M

Out of $2.8B in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending21¢$172.0M
  • Dividends paid34¢$284.8M
  • Share buybacks1¢$6.6M
  • Kept or used elsewhere45¢$374.8M

Out of $838.2M of cash from operations.7

Financial statements

Revenue8910117$2.8B in 2025+344% since 2019
0$1.0B$2.0B$3.0B2019: $627.9M$627.9M20192020: $844.5M$844.5M2020+34%2021: $1.2B$1.2B2021+43%2022: $1.8B$1.8B2022+49%2023: $1.8B$1.8B2023+2%2024: $2.2B$2.2B2024+21%2025: $2.8B$2.8B2025+26%
Gross profit8910117$1.5B in 2025+345% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $346.3M$346.3M20192020: $466.0M$466.0M2020+35%2021: $685.5M$685.5M2021+47%2022: $1.0B$1.0B2022+53%2023: $1.0B$1.0B2023−3%2024: $1.2B$1.2B2024+20%2025: $1.5B$1.5B2025+26%
Operating income8910117$728.6M in 2025+610% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $102.6M$102.6M20192020: $158.9M$158.9M2020+55%2021: $262.4M$262.4M2021+65%2022: $526.8M$526.8M2022+101%2023: $481.7M$481.7M2023−9%2024: $539.4M$539.4M2024+12%2025: $728.6M$728.6M2025+35%
Net income8910117$621.5M in 2025+471% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $108.8M$108.8M20192020: $164.4M$164.4M2020+51%2021: $242.0M$242.0M2021+47%2022: $437.7M$437.7M2022+81%2023: $427.4M$427.4M2023−2%2024: $1.6B$1.6B2024+273%2025: $621.5M$621.5M2025−61%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.7

Period ending2025-12-312024-12-312023-12-31
Revenue$2.8B$2.2B$1.8B
Cost of revenue$1.3B$986.2M$800.0M
Gross profit$1.5B$1.2B$1.0B
Research and development$382.3M$324.7M$263.6M
Selling, general and administrative$428.8M$356.8M$275.7M
Total operating expenses$811.1M$681.5M$539.4M
Operating income$728.6M$539.4M$481.7M
Other income, net$37.6M$33.6M$24.1M
Income before income taxes$766.2M$572.9M$505.8M
Income tax expense (benefit), net$144.7M-$1.0B$78.5M
Net income$621.5M$1.6B$427.4M
Basic (in dollars per share)$12.94$32.76$8.98
Diluted (in dollars per share)$12.86$32.60$8.76
Basic (in shares)48.0M shares48.6M shares47.6M shares
Diluted (in shares)48.3M shares48.8M shares48.8M shares

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The story

Monolithic Power Systems, Inc. was founded in 1997 by Michael Hsing, who is the current CEO. Prior to the founding of the corporation, Hsing worked as a Senior Silicon Technology Developer at several analog integrated circuit companies.

The company then diversified into DC/DC products. In November 2004, Hsing took the company public with an IPO. Since then, the company has grown to incorporate 13 product lines with more than 4,000 products.

In February 2021, the company was added to the S&P 500. In December 2025, MPS was added to the NASDAQ 100. In 2023, the company made progress on its long-term ESG goals and diversity goals, including the addition of a second female director to its Board of Directors. The company also published its annual ESG report and launched public commitments to reduce Scope 1 and 2 greenhouse gas emissions by 40% by 2030 and to be powered globally by 75% of Renewable Electricity by 2026.

From Wikipedia’s article on Monolithic Power Systems, shared under CC BY-SA 4.0.6

Leadership

Who has led Monolithic Power Systems, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael Hsing2006–now

Chief financial officer

  1. Rick Neely2006–2010
  2. Meera Rao2011–2016
  3. Theodore Blegen2016–2026
  4. Robert W. Dean Ii.2026–now
200020052010201520202025
Board members and other officers (21)

Products and brands

Products

Monolithic Power Systems provides digital, analog, and mixed-signal integrated circuits. It offers energy-efficient DC to DC converter ICs that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers, set top boxes, displays, automobiles, and medical equipment. The company also provides lighting control ICs for backlighting, which are used in systems that provide the light source for LCD panels in notebook computers, LCD monitors, car navigation systems, and LCD televisions. In addition, Monolithic Power Systems supports the electrification of transportation and manufactures class D Audio Amplifier products.

Locations

Monolithic Power Systems operates at 18 locations primarily in the US, Europe, and east Asia.

From Wikipedia’s article on Monolithic Power Systems, shared under CC BY-SA 4.0.6

Former names

  • MONOLITHIC POWER SYSTEMS INCJul 13, 2004 to Jul 15, 20265

Timeline

  1. May 4, 2006New chief executive Michael Hsing becomes CEO15
  2. May 16, 2005Went public Listed on NASDAQ1
  3. 1997Founded Founded1

Filings

744 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 413 insider forms, 19 large holders, 250 other. The latest 20:

  1. Sep 30, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 28, 2026144 EDGAR
  3. Sep 10, 20268-K EDGAR
  4. Sep 2, 20264 PRIMARY DOCUMENT EDGAR
  5. Aug 26, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 25, 20264 PRIMARY DOCUMENT EDGAR
  7. Aug 24, 2026144 EDGAR
  8. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  9. Aug 17, 2026144 EDGAR
  10. Aug 13, 20264 PRIMARY DOCUMENT EDGAR
  11. Aug 11, 2026144 EDGAR
  12. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  13. Aug 6, 20264 PRIMARY DOCUMENT EDGAR
  14. Aug 5, 2026144 EDGAR
  15. Aug 5, 202610-Q EDGAR
  16. Aug 5, 20264 PRIMARY DOCUMENT EDGAR
  17. Jul 30, 20268-K EDGAR
  18. Jul 28, 20264 PRIMARY DOCUMENT EDGAR
  19. Jul 17, 20264 PRIMARY DOCUMENT EDGAR
  20. Jul 15, 2026144 EDGAR

The 744 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 19 such filings since October 2021, the latest 10:

  1. Jul 15, 2026SCHEDULE 13G
  2. Jul 8, 2026SCHEDULE 13G/A
  3. Apr 30, 2026SCHEDULE 13G
  4. Apr 29, 2026SCHEDULE 13G
  5. Mar 27, 2026SCHEDULE 13G/A
  6. Feb 5, 2026SCHEDULE 13G/A
  7. Jan 8, 2026SCHEDULE 13G/A
  8. Jul 29, 2025SCHEDULE 13G/A
  9. Nov 12, 2024SC 13G/A
  10. Feb 14, 2024SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,589,925$7.7B0.1%−482,542
Fmr LLC5,177,258$7.2B0.3%+776,427
Vanguard Capital Management LLC3,126,756$4.3B0.1%+43,307
Vanguard Portfolio Management LLC2,504,858$3.5B0.2%−11,634
Invesco Ltd.2,343,930$3.2B0.3%−172,057
State Street Corp2,282,186$3.2B0.1%+93,732
Geode Capital Management, LLC1,195,281$1.6B0.1%−236,785
Franklin Resources Inc811,974$1.1B0.2%−116,697
Goldman Sachs Group Inc780,650$1.1B0.1%+212,586
Norges Bank751,399$1.0B0.1%New
Van Eck Associates Corp746,237$1.0B0.6%+221,666
Morgan Stanley727,885$1.0B0.1%+71,518
Bank Of America Corp /de/536,236$741.3M0.0%+154,074
Royal Bank Of Canada487,212$673.5M0.1%+13,844
First Trust Advisors LP482,781$667.4M0.4%−108,572
Northern Trust Corp479,492$662.8M0.1%−9,628
Barclays PLC474,132$655.4M0.2%−81,676
Rafferty Asset Management, LLC459,278$634.9M1.4%+141,805
UBS Group AG449,479$621.3M0.1%−90,934
Massachusetts Financial Services Co /ma/442,176$611.2M0.2%−125,593
Jpmorgan Chase & Co434,949$571.0M0.0%−119,970
Charles Schwab Investment Management Inc388,951$537.7M0.1%+12,577
Legal & General Group Plc359,936$497.6M0.1%−20,153
Voya Investment Management LLC340,269$469.7M0.4%−53,290
Citigroup Inc325,281$449.7M0.2%−15,551

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

14 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 5, 2026Byron DonaldsRepublican, HousePartial sale$1,001 - $15,000+20.3%Report
Jun 5, 2026Byron DonaldsRepublican, HousePartial sale$1,001 - $15,000+20.3%Report
Feb 4, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000−2.6%Report
Jan 5, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000+18.6%Report
Jan 5, 2026Markwayne Mullin, SenateBuy$15,001 - $50,000+18.6%Report
Oct 20, 2025Michael GuestRepublican, HouseBuy$1,001 - $15,000+6.1%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000+119.0%Report
Jan 13, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000−79.9%Report
May 3, 2024Tommy TubervilleRepublican, SenateSale$1,001 - $15,000−25.7%Report
Oct 17, 2023Tommy TubervilleRepublican, SenateBuy$1,001 - $15,000+85.1%Report
Apr 3, 2023Tommy TubervilleRepublican, SenatePartial sale$1,001 - $15,000−65.6%Report
Apr 3, 2023Tommy TubervilleRepublican, SenatePartial sale$1,001 - $15,000−65.6%Report
Sep 30, 2021Tommy TubervilleRepublican, SenateBuy$1,001 - $15,000+77.9%Report
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000−716.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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