Monolithic Power Systems Earnings Call Transcripts
Fiscal Year 2026
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Record Q1 2026 revenue grew 26% year-over-year, led by strong enterprise data and communications demand. Gross margin held steady, with incremental improvement expected, and capacity expansion targets raised to $6 billion. Enterprise data growth floor increased to 85% year-over-year.
Fiscal Year 2025
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2025 saw record revenue growth of 26.4% year-over-year, with strong performance in enterprise data, automotive, and communications. Outlook for 2026 remains robust, driven by design wins, capacity expansion, and continued innovation.
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Record Q3 revenue grew 18.9% year-over-year, driven by strength in automotive and enterprise data. Gross margins remain stable in the mid-55% range, with continued investment in technology and new design wins supporting future growth.
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Record Q2 revenue grew 31% year-over-year, driven by diversified markets and strong AI, storage, and compute demand. Q3 is guided up 8% sequentially, with enterprise data and consumer segments leading growth. Capacity and supply chain are positioned for continued broad-based expansion.
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The meeting covered director elections, auditor ratification, executive compensation, and key governance proposals. All items, including a shareholder proposal to lower the threshold for calling special meetings, were approved.
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Record Q1 2025 revenue rose 39.2% year-over-year, led by strong storage, computing, and automotive growth. Second half outlook is positive, with design wins expected to ramp, while gross margin remains stable and inventory levels are lean.
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The event outlined a strategy of diversified, innovation-led growth, with major advances in power delivery for AI, data center, and automotive markets, and a strong focus on system-level solutions. Financial guidance remains robust, targeting growth above market and continued high returns to shareholders.
Fiscal Year 2024
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2024 revenue grew 21% to $2.2B, with Q4 up 37% year-over-year. Automotive and communications segments are driving growth, while enterprise data is expected to be flat for 2025 but weighted to the second half. A new $500M share repurchase program was authorized.
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Record Q3 revenue grew 22% sequentially and 30% year-over-year, led by strong automotive, communications, and storage/compute segments. Inventory levels are low, and management expects stable Q4 performance with continued growth from new design wins and vertical power modules.
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Record Q2 revenue of $507.4M was driven by AI solutions and strong design win ramps. Q3 is expected to see continued growth in communications, storage, and computing, while enterprise data growth moderates. Automotive and industrial segments show long-term promise amid near-term uncertainty.
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The meeting covered director elections, auditor ratification, executive compensation, and a shareholder proposal for annual director elections, which was approved. All directors and proposals received majority support, and no questions were raised.