Monolithic Power Systems Reports Record Q3 2026 Revenue Driven by AI and Enterprise Data Demand
Monolithic Power Systems (MPWR) delivered a strong third quarter for 2026, reporting record revenue of $1.2 billion, a 63.1% increase year-over-year. The growth was primarily propelled by the enterprise data segment, which surged 164.6% due to massive demand for power management solutions in artificial intelligence and server applications. Communications revenue also saw significant gains, rising over 134%. The company demonstrated robust profitability with a non-GAAP diluted EPS of $8.19, up 73.2% from the previous year. Management raised its enterprise data growth target for 2026 to a floor of 150% and provided optimistic Q4 revenue guidance between $1.315 billion and $1.385 billion. Long-term outlook remains aggressive, with plans to scale annual revenue capacity toward $10 billion. Financial health remains strong, supported by an operating cash flow of $289.9 million and significant shareholder returns, including $453.4 million in stock repurchases during the quarter. While the consumer segment saw a decline, the company's expansion into automotive ADAS solutions and robotics provides diversified growth pathways.
Tickers: $MPWR
Topics: AI Demand Financial Guidance Revenue Growth Stock Buyback