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MPWR · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 47.6% y/y to $981M, operating margin 31.0% vs 24.8%, net income $257M (+90.6% y/y).
Net income
$257M
up 90.6% y/y
Revenue
$981M
up 47.6% y/y
Operating income
$304M
up 84.4% y/y
Gross profit
$541M
up 47.8% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $981 · +47.6% |
| Cost of revenue | $440 · +47.2% |
| Gross profit | $541 · +47.8% · 55.2% margin |
| Research and development | $119 · +23.2% |
| Selling, general and administrative | $119 · +12.9% |
| Operating income | $304 · +84.4% · 31.0% margin |
| Other income, net | $17.8 · +45.9% |
| Income before income taxes | $322 · +81.8% |
| Income tax expense | $64.4 · +53.5% · 20.0% effective rate |
| Net income | $257 · +90.6% · $5.22/sh · 26.2% margin |
Verdict: revenue grew 47.6% y/y to $981M, operating margin 31.0% vs 24.8%, net income $257M (+90.6% y/y).
Diluted EPS $5.22 vs $2.81 a year earlier; non-GAAP diluted EPS $6.50; operating margin 31.0% vs 24.8%.
Source and notation
Source: Monolithic Power Systems press release, 8-K EX-99.1 of 07/30/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: MPWR, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “MPWR Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/mpwr/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/mpwr/q2-2026"><img src="https://whoreportstoday.com/t/mpwr/q2-2026/sankey.png" alt="MPWR Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/mpwr/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/mpwr/q2-2026">MPWR Q2 2026 earnings chart (Who Reports Today)</a>
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- Revenue rose 47.6% to $980.6M, led by Enterprise Data, which jumped to $380.6M from $144.0M; Communications rose to $131.5M from $73.8M.
- Gross margin was 55.2% vs 55.1% a year earlier.
- Operating income was $304M, a 31.0% margin vs 24.8% a year earlier.
- The effective tax rate was 20.0% vs 23.7% a year earlier.
- Diluted EPS was $5.22 vs $2.81 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
MPWR — Monolithic Power Systems designs high-performance analog and mixed-signal power management semiconductors for enterprise data, computing, automotive, communications, consumer and industrial markets.
Headquarters: West Palm Beach, Florida.
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