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Monolithic Power Systems, Inc.

MPWRTechnologyNASDAQ

Semiconductors

PriceMA150MA200
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Financials · Annual
Revenue
$2.79B
+26.4% YoY
Net Income
$621.5M
-61.0% YoY
EBITDA
$781.1M
+35.7% YoY
Free Cash Flow
$491.7M

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About Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally. At a $76.95B market cap, Monolithic Power Systems, Inc. ranks as a large-cap company within technology. The company offers direct current (DC) to DC solutions to convert and control voltages within a range of electronic systems, such as cloud-based and on-premises CPU servers and workstations, AI systems, memory, storage solutions, notebooks, infotainment, power sources, home appliances, network infrastructure, and satellite communications.

Key stats
Market Cap$76.95B
P/E (TTM)112.35
Fwd P/E51.93
EPS$13.94
Beta1.74
52W Change+134.2%
Dividend Yield0.51%
ROE19.6%
Analysis

Monolithic Power Systems, Inc. holds $1.37B in cash against $20.0M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Free cash flow comes in at $491.7M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 19.6%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 12.1% further supports the picture of efficient asset utilization. Revenue has grown from $1.79B (2022) to $2.79B (2025), reflecting a 56% increase over the period.

Monolithic Power Systems, Inc.'s elevated beta suggests the stock experiences more pronounced price movements than the overall market, which increases both upside potential and downside risk. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. At over 50x earnings, MPWR carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Monolithic Power Systems, Inc. and its sector.

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