Monolithic Power Systems Reports Record Q2 Revenue of $981M, Outlines Strategic Shifts
Monolithic Power Systems (MPWR) reported record quarterly revenue of $981 million for the second quarter of 2026, driven by a strong 45% sequential increase in enterprise data demand. The company is transitioning from being solely a chip supplier to offering full-service silicon solutions that integrate ICs with passive components into high-density modules. MPS highlighted robust growth across all end markets and expanded its total addressable market through new product initiatives, including DDR5 memory orders and 800-volt data center products. The company also raised its enterprise data segment growth forecast to 130% for the year due to sustained demand and low inventory levels. MPS is expanding in automotive applications with over 1,500 new socket shipments YTD and plans a second-half revenue ramp in this sector. It authorized an additional $500 million for stock repurchases and is developing GaN technology internally after previously dismissing it.
Topics: automotive expansion business model transition enterprise data growth revenue