--- title: "Monolithic Power | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 980.64 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294407947.md" datetime: "2026-07-30T20:03:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294407947.md) - [en](https://longbridge.com/en/news/294407947.md) - [zh-HK](https://longbridge.com/zh-HK/news/294407947.md) --- # Monolithic Power | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 980.64 M Revenue: As of FY2026 Q2, the actual value is USD 980.64 M, beating the estimate of USD 903.34 M. EPS: As of FY2026 Q2, the actual value is USD 5.22, beating the estimate of USD 4.6875. EBIT: As of FY2026 Q2, the actual value is USD 303.89 M. #### Q2 2026 GAAP Financial Summary Monolithic Power Systems, Inc. reported a GAAP gross margin of 55.2% in Q2 2026, which was a -0.1 percentage point decrease from Q1 2026 and a 0.1 percentage point increase from Q2 2025 . Operating expenses (Opex) were $237.2 million, marking a 16.3% increase quarter-over-quarter (QoQ) and a 17.8% increase year-over-year (YoY) . The operating margin stood at 31.0%, an increase of 1.0 percentage points QoQ and 6.2 percentage points YoY . Net income reached $257.3 million, growing 33.2% QoQ and 90.6% YoY . GAAP operating income was $303.9 million in Q2 2026, compared to $241.2 million in Q1 2026 and $164.8 million in Q2 2025 . #### Q2 2026 Non-GAAP Financial Summary Non-GAAP gross margin for Q2 2026 was 55.6%, showing a 0.1 percentage point increase QoQ and a 0.1 percentage point increase YoY . Non-GAAP Opex was $177.6 million, an increase of 12.1% QoQ and 29.1% YoY . The non-GAAP operating margin was 37.5%, up 1.7 percentage points QoQ and 2.7 percentage points YoY . Net income was $320.1 million, growing 27.4% QoQ and 58.3% YoY . Non-GAAP operating income was $367.7 million in Q2 2026, compared to $288.0 million in Q1 2026 and $231.2 million in Q2 2025 . The non-GAAP tax rate remained flat at 15.0% compared to Q1 2026 and Q2 2025 . #### Revenue by End Market (Q2 2026) Total revenue for Q2 2026 was $980.6 million, representing a 21.9% QoQ increase and a 47.6% YoY increase, with all end markets experiencing sequential growth . **Enterprise Data** revenue was $380.6 million, up 44.8% QoQ and 164.3% YoY, accounting for 38.8% of total revenue . **Storage & Computing** revenue was $199.8 million, an increase of 14.6% QoQ and 2.3% YoY, representing 20.4% of total revenue . **Automotive** revenue reached $157.1 million, growing 3.1% QoQ and 8.2% YoY, contributing 16.0% to total revenue . **Communications** revenue was $131.5 million, up 18.0% QoQ and 78.3% YoY, making up 13.4% of total revenue . **Consumer** revenue was $56.8 million, an increase of 4.2% QoQ, but a decrease of -4.8% YoY, representing 5.8% of total revenue . **Industrial** revenue was $54.8 million, up 12.7% QoQ and 17.3% YoY, comprising 5.6% of total revenue . #### Cash Flow and Balance Sheet (Q2 2026) Cash, cash equivalents, and short-term investments totaled $1,413.8 million at the end of Q2 2026, an increase from $1,367.1 million at the end of Q1 2026 . Operating cash flow for Q2 2026 was $227.9 million, compared to $250.3 million in Q1 2026 and $237.6 million in Q2 2025 . Accounts receivable were $343.6 million, with 32 days of sales outstanding, which was 2 days lower than Q1 2026 . Internal inventories were $675.8 million, with 140 days of inventory based on current quarter revenue, a decrease of 17 days from Q1 2026 . #### Other Operational Highlights Monolithic Power Systems, Inc. received initial orders for high-speed DDR5 memory components and began sampling High Voltage AC to DC products for 800V data center architectures . In the Automotive market, products were shipped for over 1500 new sockets year-to-date . The company also extended its capacity goal significantly beyond $6 billion to support future revenue growth . #### Q3 2026 Business Outlook For Q3 2026, Monolithic Power Systems, Inc. forecasts revenue between $1,140 million and $1,160 million . GAAP gross margin is projected to be in the range of 55.2% to 55.8%, while non-GAAP gross margin is expected to be 55.4% to 56.0% . The company’s Board of Directors authorized an additional $500 million for stock repurchases, bringing the total current authorization to $1 billion . ### Related Stocks - [MPWR.US](https://longbridge.com/en/quote/MPWR.US.md) ## Related News & Research - [Do Trimmed Earnings Estimates Challenge Monolithic Power Systems' (MPWR) AI and Automotive Growth Narrative?](https://longbridge.com/en/news/294317671.md) - [Monolithic Power Systems Analysts Increase Their Forecasts After Strong Q2 Results](https://longbridge.com/en/news/294514013.md) - [MPWR: Record Q2 revenue and robust growth in data-centric and automotive markets drive positive outlook](https://longbridge.com/en/news/294427120.md) - [MPS Q2 FY26 net income rises 90.6% to $257.3 million; revenue increases 47.6% to $980.6 million](https://longbridge.com/en/news/294411543.md) - [Monolithic Power Q2 revenue jumps 48%, beating estimates on strong enterprise data demand](https://longbridge.com/en/news/294409202.md)