Monolithic Power Systems Reports Strong Q2 Earnings Amid Enterprise Data Growth
Monolithic Power Systems (MPWR) delivered record second-quarter revenue of $981 million, a 22% increase from the first quarter and up 48% year-over-year. The growth was primarily driven by strong demand in enterprise data applications, including AI and server power management solutions, with sequential revenue rising 45%. Management raised its full-year target for this segment to $130 billion in annualized revenue. The company also announced plans to expand manufacturing capacity beyond $6 billion as it transitions toward becoming a full-solution provider. Additional strategic moves included authorizing an extra $500 million in share repurchases, bringing the total buyback authorization to $1 billion. Monolithic is seeing early traction with DDR5 memory orders and 800-volt AC-to-DC products for data centers. Despite strong performance across enterprise and automotive segments—where it secured over 1,500 new sockets—the industrial segment lagged due to a multiyear design-win cycle rather than immediate revenue gains. The company also noted cautious outlooks in consumer computing markets.
Tickers: $MPWR
Topics: automotive_segment DDR5_memory enterprise_data revenue_growth stock_repurchase