Monolithic Power Systems, Inc. (MPWR)

Monolithic Power Systems beat expectations on both the top and bottom line in the second fiscal quarter of 2026, reported July 30, 2026, with adjusted EPS of $6.50 topping the $5.87 estimate (+10.7%) and revenue of $980.6 million topping the $903.3 million estimate (+8.6%). Revenue rose ~48% to roughly $981 million from about $665 million a year ago, while net income climbed ~92% to about $257 million from roughly $134 million. Profitability stayed elevated with gross margin at about 55% and operating margin near 31%, alongside gross profit of about $541 million and operating income of roughly $304 million. By geography, China remained the largest revenue contributor at about $502 million (up ~26% year over year), with faster growth also reported in the U.S. at roughly $26 million (up ~45%). The company generated operating cash flow of about $228 million, repurchased roughly $4 million of stock, and paid about $101 million in dividends during the quarter. For the next period, consensus calls for EPS of $7.69 on revenue of $1.151 billion.