Monolithic Power Systems, Inc. (MPWR)
Information Technology · Semiconductors · US stock · S&P 500 component
$1,167.93
▼ -115.39 (8.99%)
Fair valueFair
$1,072 −8.3% to fair value
$536fair band $912–$1,299$1,607
Day's range
$1,148.47 – $1,230.42
52-week range
$833.18 – $1,714.09
About Monolithic Power Systems, Inc.
Monolithic Power Systems designs semiconductors that manage and convert electrical power, and sells them to makers of computing, communications, automotive, industrial and consumer products. Its chips are used in data center servers, vehicles and other devices. The company designs the products and relies on outside foundries to make them, earning money from chip sales. Demand depends on end markets such as data centers and cars.
Over the latest twelve months the company reported revenue of $3.3 billion, and annual revenue rose by 15.9% on average across three years. Profitability at the operating level stands at 28.7%, and return on invested capital came to 31%. A dividend is paid, with a yield of 0.6%. It carries an X-Ray Score of 58 out of 100.
Price chart
52-wk range $833.18 – $1,714.09Volume 1,479,972Daily, split-adjusted
Vitals
Market cap$57.5B
52-week range$833.18 – $1,714.09
Volume (last day)1,479,972
P/E (TTM)70.9
EBIT / EV yield1.7%
Free-cash-flow yield1.0%
Dividend yield0.6%
Revenue (TTM)$3.3B
Net income (TTM)$802M
Operating margin28.7%
Return on capital30.9%
Debt incl. leasesData missing
Cash & securities$1.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$1,072middle half of models $1,009 – $1,137
Fair
−8.3% to fair value
Average of the 10 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Low, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $1,168
Undervalued < $912Fair $912 – $1,299Overvalued > $1,299
P/E multiple
$1,150
P/B multiple
$1,099
P/S multiple
$960
EV/EBITDA multiple
$1,004
EV/EBIT multiple
$1,053
EV/revenue multiple
$1,017
10-year DCF, EBITDA exit
$1,010
5-year DCF, EBITDA exit
$1,211
10-year DCF, revenue exit
$1,009
5-year DCF, revenue exit
$1,202
10-year DCF, growth exit · not used
$248
5-year DCF, growth exit · not used
$240
Dividend discount, stable · not used
$240
Dividend discount, multi-stage · not used
$294
Earnings power value · not used
$271
Growth the price implies
46.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Information Technology peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
29/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield1.7%
Free-cash-flow yield1.0%
Fair value vs price0.9×
Growth
Strong
77/100
Growing faster than most of its sector.
See the numbers →
Revenue growth (3y)15.9%
EPS growth (3y)12.4%
Growth consistency100%
Profitability
Fair
58/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital30.9%
Operating margin28.7%
Gross profitability38.6%
Financial health
Strong
80/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Interest coverNo interest cost
Dividends
Fair
53/100
Dividend is typical for its sector.
See the numbers →
Dividend yield0.6%
Dividends vs free cash flow64%
Dividend growth27.3%
Quarterly results: last 6 quarters
+39.2%
Mar '25
+31.0%
Jun '25
+18.9%
Sep '25
+20.8%
Dec '25
+26.1%
Mar '26
+47.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $981M, diluted EPS $5.22.
Compare with peers
MU Micron Technology Inc79 FSLR First Solar, Inc.70 NVDA Nvidia Corp67 AVGO Broadcom Inc.60Other Semiconductors companies by X-Ray Score.
SWOT analysis: Monolithic Power Systems, Inc.
Strengthsinside the company
- Return on invested capital is 30.9%, against a median of 12.7% for industry peers.
- Revenue has grown 15.9% a year over three years (median -1.2% for industry peers).
- Earnings per share have compounded at 12.4% a year over three years.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Revenue growth picked up to 26.4% last year from 15.9% a year over three years.
- Our Market Compass rates the backdrop for Information Technology as favourable.
Threatsvaluation and setting
- Trades at 71.7x earnings, 69% above the 42.5x median of industry peers, so the price already assumes better results.
- The price trend is down on the daily and weekly signals.
- Earnings in Semiconductors follow the industry cycle, so margins and profits can swing from year to year.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare MPWR with peers and sector
Medians of 14 Semiconductors peers and of 74 Information Technology stocks in our universe.
Largest peers (X-Ray Score): NVDA 67, AVGO 60, MU 79, AMD 48, INTC 17, TXN 44.
| Metric | MPWR | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 58 | 43 | 50 |
| Valuation | 29 | 33 | 52 |
| Growth | 77 | 31 | 54 |
| Profitability | 58 | 41 | 49 |
| Financial health | 80 | 58 | 49 |
| Dividends | 53 | 52 | 50 |
Sector leaders: highest X-Ray Score in Information Technology
MPWR ranks #21 of 75 in Information Technology and #5 of 15 in Semiconductors by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for MPWR
Each factor is rated by where MPWR stands among the 75 Information Technology stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 9 Good · 4 Average · 9 Bad of 22
Growth: 2 · 1 · 0
Profitability: 2 · 3 · 0
Financial strength: 3 · 0 · 0
Valuation: 0 · 0 · 5
Cash flow: 1 · 0 · 3
Efficiency: 1 · 0 · 1
| Factor | MPWR | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +15.9% | Good beats 76% | +9.7% | – | – |
| Revenue growth, last year | +26.4% | Good beats 81% | +13.7% | +26.4% | ≈ In line |
| EPS growth, 3 years a year | +12.4% | Average beats 62% | +5.9% | – | – |
| Profitability | |||||
| Gross margin | 55.2% | Average beats 48% | 57.8% | 56.1% | ≈ In line |
| Operating margin | 28.7% | Average beats 66% | 20.3% | 26.1% | ▲ Better |
| Net margin | 24.5% | Good beats 67% | 17.8% | 23.5% | ≈ In line |
| Return on invested capital | 30.9% | Good beats 70% | 19.4% | – | – |
| Return on equity | 20.6% | Average beats 49% | 21.0% | 20.8% | ≈ In line |
| Financial strength | |||||
| Interest cover | 50.0x | Good beats 75% | 23.0x | – | – |
| Current ratio | 4.98 | Good beats 98% | 1.57 | 5.36 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 71.7x | Bad beats 19% | 33.6x | 70.5x | ≈ In line |
| Price / book | 14.8x | Bad beats 26% | 8.3x | 12.4x | ▼ Worse |
| Price / sales | 17.6x | Bad beats 13% | 6.9x | 15.7x | ▼ Worse |
| EV / EBITDA | 56.1x | Bad beats 14% | 24.7x | – | – |
| Free cash flow yield | 1.0% | Bad beats 15% | 3.4% | 1.5% | ≈ In line |
| Cash flow | |||||
| Free cash flow margin | 17.9% | Bad beats 27% | 22.3% | 23.9% | ▼ Worse |
| Cash from operations / net income | 1.03 | Bad beats 19% | 1.39 | 1.32 | ▼ Worse |
| Free cash flow growth, 3 years a year | +52.5% | Good beats 88% | +15.4% | – | – |
| Accruals (lower is better) | −0.4% | Bad beats 17% | −4.4% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.2x | Bad beats 15% | 3.9x | 2.1x | ≈ In line |
| Days sales outstanding | 38 days | Good beats 84% | 63 days | 33 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 3 Average · ● 3 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Current ratioGood
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 59/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.8B | $1.8B | $2.2B | $2.8B |
| Operating income | $262M | $527M | $482M | $539M | $729M |
| Net income | $242M | $438M | $427M | $1.6B | $621M |
| Operating cash flow | $320M | $247M | $638M | $788M | $838M |
| Operating margin | 21.7% | 29.4% | 26.5% | 24.4% | 26.1% |
| Free cash flow | $226M | $188M | $581M | $642M | $666M |
| Diluted EPS | $5.05 | $9.05 | $8.76 | $32.60 | $12.86 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
3 bullish · 1 neutral · 12 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 1,268.2 | Bearish |
| EMA 10 | 1,265.3 | Bearish |
| SMA 20 | 1,332.4 | Bearish |
| EMA 20 | 1,291.2 | Bearish |
| SMA 50 | 1,293.1 | Bearish |
| EMA 50 | 1,308.4 | Bearish |
| SMA 100 | 1,350.6 | Bearish |
| EMA 100 | 1,318.8 | Bearish |
| SMA 200 | 1,306.0 | Bearish |
| EMA 200 | 1,263.0 | Bearish |
Oscillators (daily)
| RSI (14) | 37.01 | Neutral |
| MACD (12, 26) | -22.26 | Bearish |
| Momentum (12) | -20.75 | Bearish |
| Stochastic %K (14) | 5.67 | Bullish |
| Williams %R (14) | -94.33 | Bullish |
| CCI (20) | -150.9 | Bullish |
Pivot points (classic, last session)
S3 1,052.2 | S2 1,100.3 | S1 1,134.1 | Pivot 1,182.3 | R1 1,216.1 | R2 1,264.2 | R3 1,298.0 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
7.56 USD
Yield on today's price
0.65%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 2.0000 | |
| 2.0000 | |
| 2.0000 | |
| 1.5600 | |
| 1.5600 | |
| 1.5600 | |
| 1.5600 | |
| 1.2500 | |
| 1.2500 | |
| 1.2500 | |
| 1.2500 | |
| 1.0000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold MPWR
| ETF | Share of the fund |
|---|---|
| CHPY YieldMax Semiconductor Portfolio Optio... | 2.99% |
| SOXX iShares Semiconductor | 2.93% |
| SOXQ Invesco PHLX Semiconductor | 2.83% |
| PSI Invesco Dynamic Semiconductors | 2.74% |
| SOXL Direxion Daily Semiconductor Bull 3X | 2.65% |
| RPG Invesco S&P 500 Pure Growth | 2.43% |
| SAMT The Advisorsa Inner Circle Fund III | 2.00% |
| XSD SPDR S&P Semiconductor | 1.97% |
The eight funds with the largest weight in MPWR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
MPWR SEC filings
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results; Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
DEF 14ASEC EDGAR
Proxy statement
10-KSEC EDGAR
Annual report
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.