Monolithic Power Systems — Q3 2026 Earnings Summary

Monolithic Power Systems reported record third-quarter 2026 revenue of $1.2 billion, representing a 22.6% increase from the previous quarter and a 63.1% year-over-year growth. The company achieved a GAAP net income of $271.1 million and a non-GAAP net income of $402.7 million, driven by strong demand in the Enterprise Data and Communications sectors. Looking ahead to the fourth quarter of 2026, the company forecasts revenue between $1.315 billion and $1.385 billion while maintaining gross margins in the mid-55% range. Additionally, the Board authorized an additional $500 million for stock repurchases, bringing the total authorization to $1 billion.