Monolithic Power Systems reported solid fourth-quarter and full-year results, demonstrating continued revenue growth and operational efficiency. The company also announced a significant increase in its quarterly cash dividend, signaling confidence in its financial health and future prospects.
Revenue increased 20.8% year-over-year to $751.2 million for the fourth quarter.
positiveFull-year revenue increased 26.4% year-over-year to $2.8 billion.
positiveGAAP net income was $170.1 million for Q4 2025, compared to $1.45 billion in Q4 2024 (which included a significant tax benefit).
positiveNon-GAAP net income was $235.3 million for Q4 2025, a 18.6% increase from $198.4 million in Q4 2024.
positiveQuarterly cash dividend increased from $1.56 per share to $2.00 per share.
positiveGAAP net income for Q4 2024 included a $1.285 billion tax benefit, making the year-over-year comparison of GAAP net income misleading.
attentionNon-GAAP gross margin slightly compressed to 55.5% in Q4 2025 from 55.8% in Q4 2024.
attentionGAAP operating expenses increased 18.4% year-over-year in Q4 2025, outpacing revenue growth.
attentionThe company's Q4 2025 revenue growth of 20.8% is a deceleration from the 31.0% growth reported in Q2 2025 and 39.2% in Q1 2025.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Storage and Computing | N/A | — | — | — |
Enterprise Data | N/A | — | — | — |
Automotive | N/A | — | — | — |
Communications | N/A | — | — | — |
Consumer | N/A | — | — | — |
Industrial | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
Our results demonstrate our continued success in transforming from a chip-only, semiconductor supplier to a full service, silicon-based solutions provider.
MPS’s mission is to reduce energy and material consumption to improve all aspects of quality of life and create a sustainable future.
MPS has three core strengths: deep system-level knowledge, strong semiconductor design expertise, and innovative proprietary technologies in the areas of semiconductor processes, system integration, and packaging.
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