Monolithic Power Systems reports record Q2 revenue, boosts buyback authorization
Semiconductor power solutions company posted $980.6 million in second-quarter revenue, guided for up to $1.16 billion in Q3 sales and added $500 million to its stock repurchase program.
Monolithic Power Systems reported record second-quarter 2026 revenue of $980.6 million, up 21.9% from the prior quarter and 47.6% from a year earlier, as sales rose across all end markets led by Enterprise Data. GAAP net income climbed to $257.3 million, or $5.22 per diluted share, while non-GAAP net income reached $320.1 million, or $6.50 per diluted share. Enterprise Data revenue surged 44.8% sequentially to $380.6 million, driven by higher sales of power management solutions for AI and server applications, while Communications revenue rose 18.0% to $131.5 million and Storage and Computing increased 14.6% to $199.8 million. Automotive revenue was $157.1 million, up 3.1% from the first quarter, with the company saying it has shipped products for more than 1,500 new sockets so far this year. MPS said it extended its capacity goal significantly beyond $6 billion, received initial orders for high-speed DDR5 memory components, and began sampling high-voltage AC-to-DC products for 800V data center architectures. For the third quarter ending Sept. 30, the company forecast revenue of $1.14 billion to $1.16 billion and said its board authorized an additional $500 million for stock repurchases, bringing total current authorization to $1 billion.
- DDR5: A newer generation of computer memory technology designed to deliver higher speed and bandwidth than earlier DDR standards.
- diluted share: A share count that includes the potential impact of stock options and other securities that could convert into common stock.
- stock repurchase program: A board-authorized plan that allows a company to buy back its own shares, often to return capital to shareholders.