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Monolithic Power Systems, Inc.'s published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $61.6B | |
|---|---|---|
| P/E (forward) | 38.8x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $1.21B | $1.79B | $1.82B | $2.21B | $2.79B | +23.3% |
| Gross profit | $685.5M | $1.05B | $1.02B | $1.22B | $1.54B | +22.4% |
| Operating income | $262.4M | $526.8M | $481.7M | $539.4M | $728.6M | +29.1% |
| Net income | $242.0M | $437.7M | $427.4M | $1.59B | $621.5M | +26.6% |
| EPS (diluted) | $5.05 | $9.05 | $8.76 | $32.60 | $12.86 | +26.3% |
| EBITDA | $300.9M | $562.1M | $546.0M | $609.3M | $818.7M | +28.4% |
| R&D | $190.6M | $240.2M | $263.6M | $324.7M | $382.3M | +19.0% |
| SG&A | $232.4M | $281.6M | $275.7M | $356.8M | $428.8M | +16.5% |
Recent company headlines from major financial publishers.
In the base scenario, MPWR executes on its multi-year data center and automotive expansion. Enterprise Data revenue achieves the 130% target floor for FY2026 while automotive revenue grows in the mid-teens. Operating margins expand to 33.0% over the five-year horizon. However, terminal discounting at 11.49% Ke yields a fair value of $764.11, well below the prevailing market price.
In the bull scenario, hyperscale AI server cluster buildouts accelerate unabated. Power delivery architectures scale from 40kW to over 100kW per rack, driving strong module content growth. MPWR's proprietary monolithic BCD power stages maintain dominant market share, lifting operating margins toward 35% as capacity crosses the $6B run rate.
| Ke ↓ / g → | 2.5% | 3.0% | 3.5% | 4.0% | 4.5% |
|---|---|---|---|---|---|
| 10.5% | $792 | $810 | $829 | $852 | $879 |
| 11.0% | $763 | $778 | $795 | $814 | $837 |
| 11.5% | $736 | $749 | $764 | $781 | $800 |
| 12.0% | $712 | $723 | $736 | $750 | $767 |
| 12.5% | $689 | $699 | $711 | $723 | $737 |
Upcoming earnings date and setup when available.
每月发布的研究版本所给出的评级。评级比较分析日的价格与公允价值,并不记录判断是否正确。
| 年份 | 1月 | 2月 | 3月 | 4月 | 5月 | 6月 | 7月 | 8月 | 9月 | 10月 | 11月 | 12月 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |