MONOLITHIC POWER SYSTEMS INC is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Monolithic Power Systems (MPWR) delivered strong Q1 FY2026 results with revenue surging 26.1% YoY to $804.2M and net income jumping 43.1% to $193.2M, driven by robust operating leverage that expanded operating margin by 350 basis points to 30.0%.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 26.1% YoY to $804.2M in Q1 FY2026 from $637.6M in the prior-year period, reflecting broad-based demand strength. This top-line acceleration significantly outpaced SG&A growth of only 12.0%, demonstrating meaningful operating leverage.
Operating income surged 42.9% YoY to $241.2M, with operating margin expanding approximately 350 basis points to 30.0% from 26.5% in Q1 FY2025. This outpaced revenue growth substantially, indicating disciplined cost management and favorable mix.
Cash and equivalents rose 66.8% YoY to $1.063B from $637.4M, strengthening the balance sheet considerably. Total assets grew 20.1% to $4.45B while total liabilities grew at a slower pace of 22.2%, keeping the balance sheet healthy.
Revenue
$804.18M
++26.14% YoY
EPS (Basic)
$3.94
++39.72% YoY
Gross Margin
55.3%
-0.06% YoY
Operating Income
$241.15M
++42.90% YoY
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