Key Highlights

  • The board declared a $2.00 quarterly Dividend on September 10, 2026, payable October 15 to holders of record September 30.
  • Second-quarter Revenue was a record $980.6 million, up 21.9% from the first quarter and 47.6% from a year earlier.
  • GAAP Net Income was $257.3 million, or $5.22 per diluted share, while non-GAAP net income was $320.1 million, or $6.50.
  • Enterprise Data revenue was $380.6 million, or 38.8% of total revenue, and third-quarter revenue guidance is $1,140-$1,160 million.

Overview

Monolithic Power Systems, Inc. (NASDAQ:MPWR) declared its third-quarter 2026 dividend of $2.00 per common share on September 10, payable October 15 to stockholders of record on September 30. The dividend yields 0.59%. Second-quarter revenue was a record $980.6 million, and GAAP diluted EPS was $5.22 against non-GAAP diluted EPS of $6.50.

Dividend Program and Shareholder Returns

The company announced its third-quarter 2026 dividend of $2.00 per common share on September 10, 2026. It is payable October 15, 2026, to all stockholders of record as of the close of Business on September 30, and it trades ex-dividend on September 30.

In its second-quarter results, the company reported that its board authorized an additional $500 million for stock repurchases. Cash, cash equivalents and short-term investments totaled $1,413.8 million at quarter-end. Each dividend remains subject to board approval.

About the Company

Monolithic Power Systems, Inc. is a semiconductor company that reports revenue by end market: Enterprise Data, Storage and Computing, Automotive, Communications, Industrial and Consumer. It reports GAAP and non-GAAP results, and its non-GAAP measures exclude certain items the company identifies in its reconciliations.

Second-Quarter Revenue, Margins and Earnings

Revenue was $980.6 million, compared with $664.6 million in the second quarter of 2025. GAAP net income was $257.3 million, or $5.22 per diluted share, compared with $135.0 million, or $2.81, a year earlier. Non-GAAP net income was $320.1 million, or $6.50 per diluted share.

GAAP gross Margin was 55.2% and non-GAAP gross margin was 55.6%. GAAP Operating Income was $303.9 million, a 31.0% operating margin, and non-GAAP operating income was $367.7 million, a 37.5% margin.

End-Market Revenue Mix and Third-Quarter Guidance

Enterprise Data led growth at $380.6 million, up 44.8% sequentially and 164.3% year over year, and represented 38.8% of total revenue. Storage and Computing contributed $199.8 million, Automotive $157.1 million, Communications $131.5 million, Industrial $54.8 million and Consumer $56.8 million.

Management said the quarterly performance was the result of continued innovation, consistent execution and the resilience of its diversified market and Supply chain strategy. Operating Cash Flow was $227.9 million, and Accounts Receivable represented 32 days of sales outstanding.

Third-quarter 2026 revenue guidance is $1,140 million to $1,160 million. GAAP gross margin guidance is 55.2% to 55.8%, non-GAAP gross margin guidance is 55.4% to 56.0%, and non-GAAP operating expenses are guided at $201.2 million to $205.2 million.

Outlook

Enterprise Data revenue, gross margin relative to the guided ranges, third-quarter revenue relative to the $1,140-$1,160 million guidance, operating cash flow, share repurchases under the additional $500 million authorization, and the board's quarterly declarations are the relevant considerations.