NASDAQ: MPWR
Monolithic Power Systems, Inc.
Technology · Semiconductors
Market Cap
$66.67B
52w High
$1,714.09
52w Low
$774.14
P/E
83.65
Volume
619.71K
Outstanding Shares
49.13M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 63.04% over the last year. Revenue grew 28.67% over the trailing twelve months. Operating margin moved from 25.98% to 28.72%. Free cash flow grew 0.2% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (97th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 28.72% — continued expansion would be needed to justify the premium. Revenue growth of 28.67% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Monolithic Power Systems, Inc. specializes in the creation, promotion, and sale of advanced semiconductor components for power management.
Valuation
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
22
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 29, 2026
Q4 FY26 · EPS est $7.62 · Revenue est $1.14B
View
Dividends
$7.12/shareQuarterlyDividend Achiever · 11yrSafeMPWR pays a dividend with a 0.52% dividend yield, 11 consecutive years of growth, growing at 26.48% annually, covered 2.3× by free cash flow.
Dividend Yield
0.52%
Annual Div / Share
$7.12
5yr CAGR
+26.48%
Doubles every ~3.0yr
Payout Ratio
37.95%
Safe
Dividend Growth Rate
3yr CAGR
+26.71%
5yr CAGR
+26.48%
10yr CAGR
+24.43%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$0/mo
In 5 yrs
$1/mo
In 10 yrs
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$5/yr $0/mo | $9/yr+76% $1/mo | $16/yr+211% $1/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 0.52% → 1.63% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
MPWR has raised its dividend for 11 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 2.3× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 26.48% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.