AI Earnings Predictions for Monolithic Power Systems Inc. (MPWR)

EX-99.1

2 mpwr-20260630xexx991.htm

EX-99.1

Document

Exhibit 99.1

Monolithic Power Systems

Q2'26 Earnings Commentary

The highest quality power solutions for

Industrial Applications, Telecom Infrastructures,

Cloud Computing, Automotive, and Consumer Applications

1

Monolithic Power Systems Reports Second Quarter Results on July 30, 2026

Monolithic Power Systems, Inc. (“MPS”) reported its results after market close on July 30, 2026 and will host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The webinar can be accessed from the Investor Relations section of the MPS website at www.monolithicpower.com.

Q2 2026 Financial Summary (Unaudited)

GAAP

Q2'26Q1'26Q2'25QoQ ChangeYoY Change

Revenue ($M)$ 980.6$ 804.2$ 664.621.9 %47.6 %

Gross Margin55.2 %55.3 %55.1 %(0.1) pts0.1 pts

Opex ($M)$ 237.2$ 203.9$ 201.316.3 %17.8 %

Operating Margin31.0 %30.0 %24.8 %1.0 pts6.2 pts

Net income ($M)$ 257.3$ 193.2$ 135.033.2 %90.6 %

Diluted EPS$ 5.22$ 3.92$ 2.8133.2 %85.8 %

Non-GAAP

Q2'26Q1'26Q2'25QoQ ChangeYoY Change

Revenue ($M)$ 980.6$ 804.2$ 664.621.9 %47.6 %

Gross Margin55.6 %55.5 %55.5 %0.1 pts0.1 pts

Opex ($M)$ 177.6$ 158.3$ 137.612.1 %29.1 %

Operating Margin37.5 %35.8 %34.8 %1.7 pts2.7 pts

Net income ($M)$ 320.1$ 251.3$ 202.227.4 %58.3 %

Diluted EPS$ 6.50$ 5.10$ 4.2127.5 %54.4 %

Tax Rate15.0 % 15.0 % 15.0 % FlatFlat

Revenue by End Market

Revenue% Change% of Revenue

End Market ($M)Q2'26Q1'26Q2'25QoQYoY Q2'26Q1'26

Enterprise Data$ 380.6$ 262.8$ 144.044.8%164.3%38.8%32.7%

Storage & Computing199.8174.4195.314.6%2.3%20.421.7

Automotive157.1152.4145.13.1%8.2%16.018.9

Communications131.5111.573.818.0%78.3%13.413.9

Consumer56.854.559.74.2%(4.8%)5.86.8

Industrial54.848.646.712.7%17.3%5.66.0

Total$ 980.6$ 804.2$ 664.621.9%47.6%100%100%

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Ongoing Business Conditions

In the second quarter of 2026, MPS achieved record quarterly revenue of $980.6 million, 21.9% higher than the first quarter of 2026 and 47.6% higher than revenue in the second quarter of 2025.

Our quarterly performance was the result of our continued innovation, our consistent execution and the resilience of our diversified market and supply chain strategy.

Q2 2026 highlights include:

•All end markets grew sequentially with Enterprise Data growing 45% as we continued to see strong, broad-based ordering patterns.

•We extended our capacity goal significantly beyond $6B to support future revenue growth and our transformation into a full solution provider.

•We received initial orders for high-speed DDR5 memory components which we expect to grow our SAM into next year.

•We began sampling High Voltage AC to DC products for 800V data center architectures as we expand beyond our current AI and server core power solutions.

•In our Automotive market, so far this year, we have shipped products for over 1500 new sockets as we increase our footprint in both ADAS and other applications within the vehicle.

We continue to adjust to the fluid geopolitical and macro-economic environment, but our diversified market strategy remains unchanged:

•MPS focuses on innovation and solving our customers’ most challenging problems.

•We consistently invest in new technologies that open new end markets and applications.

•We continuously expand and diversify our global supply chain allowing us to capture future growth opportunities, maintain supply stability, and rapidly adapt to market changes as they occur.

“Our results demonstrate the strength of our diversified model and our continued success in transforming from a chip-only, semiconductor supplier to a full service solutions provider,” said Michael Hsing, CEO and founder of MPS.

Q2 2026 Revenue Results

MPS reported second quarter revenue of $980.6 million, 21.9% higher than the first quarter of 2026 and 47.6% higher than revenue in the second quarter of 2025. Compared with the first quarter of 2026, sales improved sequentially across all end markets.

3

In our Enterprise Data market, second quarter 2026 revenue of $380.6 million increased 44.8% from the first quarter of 2026. The sequential increase was driven by higher sales of our power management solutions for AI and server applications. Second quarter 2026 Enterprise Data revenue was up 164.3% year over year. Enterprise Data revenue represented 38.8% of our total second quarter 2026 revenue compared with 32.7% in the first quarter of 2026.

Second quarter 2026 Communications revenue of $131.5 million was up 18.0% from the first quarter of 2026 primarily as a result of higher sales of power solutions for optical modules and switches. Second quarter 2026 Communications revenue was up 78.3% year over year. Communications sales represented 13.4% of our total second quarter 2026 revenue compared with 13.9% the first quarter of 2026.

Second quarter 2026 Storage and Computing revenue of $199.8 million increased 14.6% from the first quarter of 2026 on higher sales for memory and storage power management solutions. Second quarter 2026 S

mpwr20260305_8k.htm

false 0001280452

0001280452

2026-04-30 2026-04-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

April 30, 2026

MONOLITHIC POWER SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-51026

77-0466789

(State or other jurisdiction of

(Commission

(I.R.S. Employer

incorporation or organization)

File Number)

Identification Number)

1555 Palm Beach Lakes Blvd.,

West Palm Beach, Florida 33401

(Address of principal executive offices)(Zip Code)(1)

(561) 839-3999

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

MPWR

The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

(1) We have operations in multiple locations in the US, Europe and Asia and have not identified a single location as the Company’s headquarters. We are including this address to comply with the Securities and Exchange Commission’s requirements.

Item 2.02 Results of Operations and Financial Condition.

On April 30, 2026, Monolithic Power Systems, Inc. issued a press release regarding its financial results for the quarter ended March 31, 2026. The press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

The information under Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “1934 Act”), nor shall they be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the 1934 Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Exhibit

Description

99.1

Press release issued on April 30, 2026 for the quarter ended March 31, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL Document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 30, 2026

By:

/s/ Robert Dean

Robert Dean

Interim Chief Financial Officer

mpwr20251110_8k.htm

false 0001280452

0001280452

2026-02-03 2026-02-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (date of earliest event reported):

February 3, 2026

MONOLITHIC POWER SYSTEMS, INC.

(Exact name of registrant as specified in its charter)

Delaware

000-51026

77-0466789

(State or other jurisdiction of

(Commission

(I.R.S. Employer

incorporation or organization)

File Number)

Identification Number)

1555 Palm Beach Lakes Blvd.,

West Palm Beach, Florida 33401

(Address of principal executive offices)(Zip Code)1

(561) 839-3999

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.001 per share

MPWR

The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

1 We have operations in multiple locations in the US, Europe and Asia and have not identified a single location as the Company’s headquarters. We are including this address to comply with the Securities and Exchange Commission’s requirements.

Item 2.02 Results of Operations and Financial Condition.

On February 5, 2026, Monolithic Power Systems, Inc. (the “Company”) issued a press release (the “Press Release”) regarding its financial results for the quarter and year ended December 31, 2025. The Press Release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Attached hereto as Exhibit 99.2 and incorporated by reference herein is financial information and commentary regarding results of the quarter and year ended December 31, 2025.

The information under Item 2.02 of this Current Report on Form 8-K and Exhibits 99.1 and 99.2 attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “1934 Act”), nor shall they be deemed incorporated by reference in any filing with the Securities and Exchange Commission under the 1934 Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Departure of Chief Financial Officer

On February 3, 2026, Bernie Blegen informed the Company’s Board of Directors (the “Board”) of his intention to retire from his position as Executive Vice President and Chief Financial Officer. Mr. Blegen will continue in his role until the issuance of the Company’s 2025 annual report on Form 10-K (the “Effective Date”). Mr. Blegen will remain with the Company after his retirement to ensure a smooth transition with his eventual successor.

(c) Appointment of Interim Chief Financial Officer

On February 3, 2026, the Board appointed Rob Dean, the Company’s Corporate Controller, as interim Chief Financial Officer effective upon the Effective Date. Mr. Dean has no family relationships with any of the Company’s directors or executive officers, and he has no direct or indirect interests in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K.

A copy of the press release relating to these announcements is attached hereto as Exhibit 99.3.

Item 8.01 Other Events.

Increase in Quarterly Dividend

In the Press Release, the Company announced that its Board approved an increase in its quarterly cash dividend from $1.56 per share to $2.00 per share. The first quarter dividend of $2.00 per share will be paid on April 15, 2026 to all stockholders of record as of the close of business on March 31, 2026. A copy of the Press Release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(