Monolithic Power Systems Inc
F:NQG
Monolithic Power Systems Inc
In the dynamic world of technology, Monolithic Power Systems Inc. (MPS) has carved out a noteworthy presence, renowned for its innovative solutions in power electronics. Founded in 1997 by Michael Hsing, the company emerged from a vision to provide highly integrated monolithic IC solutions that simplify analog design needs for engineers. Headquartered in Kirkland, Washington, MPS focuses on developing products that efficiently manage and convert electrical power. The company serves a diverse clientele that spans across automotive, industrial, communications, and consumer electronics sectors, positioning itself as a pivotal player in transitioning the energy paradigms of these industries.
Monolithic Power Systems thrives on its unique business model by honing its expertise in analog technology to develop power management solutions. These solutions are embedded in a wide range of applications—from smartphones to electric vehicles—acting as the heartbeats of power-efficient systems. By leveraging its solid intellectual property base, MPS continually pushes the envelope of power density and efficiency. Its financial prosperity is driven by licensing agreements and product sales, which include DC to DC converters, lighting control ICs, and battery management ICs. With a significant emphasis on research and design, the company continually innovates, ensuring its offerings remain at the forefront of evolving technology demands, and maintains a resilient growth trajectory in a fiercely competitive marketplace.
In the dynamic world of technology, Monolithic Power Systems Inc. (MPS) has carved out a noteworthy presence, renowned for its innovative solutions in power electronics. Founded in 1997 by Michael Hsing, the company emerged from a vision to provide highly integrated monolithic IC solutions that simplify analog design needs for engineers. Headquartered in Kirkland, Washington, MPS focuses on developing products that efficiently manage and convert electrical power. The company serves a diverse clientele that spans across automotive, industrial, communications, and consumer electronics sectors, positioning itself as a pivotal player in transitioning the energy paradigms of these industries.
Monolithic Power Systems thrives on its unique business model by honing its expertise in analog technology to develop power management solutions. These solutions are embedded in a wide range of applications—from smartphones to electric vehicles—acting as the heartbeats of power-efficient systems. By leveraging its solid intellectual property base, MPS continually pushes the envelope of power density and efficiency. Its financial prosperity is driven by licensing agreements and product sales, which include DC to DC converters, lighting control ICs, and battery management ICs. With a significant emphasis on research and design, the company continually innovates, ensuring its offerings remain at the forefront of evolving technology demands, and maintains a resilient growth trajectory in a fiercely competitive marketplace.
Strong Revenue Growth: MPS achieved record full-year revenue of $2.8 billion in 2025, up 26.4% from 2024, marking its 14th consecutive year of growth.
Record Quarterly Results: Q4 2025 revenue was $751.2 million, 1.9% higher than the prior quarter and up 20.8% year-over-year.
Enterprise Data Strength: Nonenterprise data end markets grew over 40% year-over-year, and management increased 2025 enterprise data growth guidance to at least 50%.
Dividend Increase: The quarterly dividend will rise 28% to $2 per share.
Supply Chain & Capacity: MPS surpassed $4 billion in geographically balanced capacity and continues to expand partnerships to support future growth.
Automotive Momentum: Automotive revenue grew 43% in 2025, with new solutions in 48-volt and zonal architectures supporting growth into 2026.
CFO Transition: Long-time CFO Bernie Blegen announced his retirement, with Rob Dean named interim CFO to ensure continuity.
