Monolithic Power Systems Smashes Q2 Estimates, Guides Q3 Revenue 16% Above Consensus
MPWR sits 87% above its 52-week low of $706.
Summary
Monolithic Power Systems reported Q2 revenue of $980.6M (+47.6% YoY) and guided Q3 revenue to $1.14B–$1.16B, well above estimates. Enterprise Data revenue jumped 164% YoY. The board authorized an additional $500M for buybacks.
Key Events · Earnings and Guidance · MPWR
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Record Q2 Revenue and Earnings
Revenue of $980.6M, up 47.6% YoY; GAAP diluted EPS of $5.22, up 85.8% YoY; Non-GAAP diluted EPS of $6.50, up 54.4% YoY.
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Enterprise Data Revenue Surges 164%
Enterprise Data revenue reached $380.6M, up 164.3% YoY, driven by AI and server power management solutions.
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Q3 Guidance Crushes Consensus
Q3 revenue guidance of $1.14B–$1.16B, well above the ~$1.0B consensus, implying ~16% sequential growth at the midpoint.
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$500M Buyback Authorization Added
Board authorized an additional $500M for share repurchases, bringing total authorization to $1B.
Analysis · MPWR · Manufacturing
A blowout quarter saw revenue jump 47.6% year-over-year to $980.6 million, fueled by explosive 164% growth in Enterprise Data. Earnings per share nearly doubled from a year ago. Looking ahead, Q3 revenue guidance of $1.14–$1.16 billion came in far above the $1.0 billion consensus, signaling that AI-driven demand for its power management chips is still accelerating. The board also added $500 million to the buyback program, bringing the total authorization to $1 billion — a strong vote of confidence in the company's cash generation and outlook.
At the time of this filing, MPWR was trading at $1,317.76 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $64.7B. The 52-week trading range was $706.00 to $1,714.09. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.