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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Monolithic Power Systems (MPWR) is 10/10.
Monolithic Power Systems delivered record quarterly revenue of $804 million, up 26% year-over-year and 7% sequentially, with the communications end market growing 33% sequentially on optical module and switch power solutions. Management raised the enterprise data growth floor from 50% to around 85% year-over-year, citing extended ordering patterns and backlog visibility rather than any change in underlying growth drivers, and confirmed the floor is not supply-constrained. Gross margin held flat at 55.5% for a fourth consecutive quarter at the low end of the mid-50s to upper-50s model, with Q2 guided incrementally higher on better backlog visibility though management stayed cautious on potential second-half headwinds. MPS passed its original $4 billion capacity plan and set a new $6 billion goal while maintaining a geographically diverse supply chain inside and outside China. Automotive is expected roughly flat in the first half with a ramp later in the year, and robotics and physical AI remain small but positioned as a two-to-three-year growth vector.
Scored from Monolithic Power Systems’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $622M | +36.9% | $29.88 | +1409.1% | 55.4% | 26.3% | 233.1% | $103M |
| FY2025 Q1 | $638M | +39.2% | $2.79 | +47.6% | 55.4% | 26.5% | 21.0% | $216M |
| FY2025 Q2 | $665M | +31.0% | $2.78 |
| +35.6% |
| 55.1% |
| 24.8% |
| 20.1% |
| $187M |
| FY2025 Q3 | $737M | +18.9% | $3.71 | +25.8% | 55.1% | 26.5% | 24.2% | $199M |
| FY2025 Q4 | $751M | +20.8% | $3.46 | -88.4% | 55.2% | 26.6% | 22.6% | $62M |
| FY2026 Q1 | $804M | +26.1% | $3.92 | +40.5% | 55.3% | 30.0% | 24.0% | $179M |
| FY2026 Q2 | $981M | +47.6% | $5.23 | +88.1% | 55.2% | 31.0% | 26.2% | — |