Every material Form 8-K Monolithic Power Systems has filed with the SEC since July 31, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Monolithic Power Systems reported third-quarter 2026 revenue of $1.2 billion, up 63.1% year-over-year, and GAAP net income of $271.1 million. The company appointed Tony Balow as Chief Financial Officer and Robert Dean as Chief Accounting Officer, effective October 27, 2026. Additionally, the board authorized an additional $500 million for stock repurchases in October 2026.
Q3 2026 revenue reached $1.2 billion, an increase of 63.1% compared with $737.2 million in Q3 2025.
GAAP net income for the third quarter of 2026 was $271.1 million, or $5.51 per diluted share.
Tony Balow was appointed Vice President and Chief Financial Officer, and Robert Dean was appointed Vice President and Chief Accounting Officer on October 27, 2026.
For the fourth quarter of 2026, the company expects revenue in the range of $1,315 million to $1,385 million.
Monolithic Power Systems reported record second-quarter 2026 revenue of $980.6 million, up 21.9% from the first quarter and 47.6% from a year earlier, with GAAP net income of $257.3 million, or $5.22 per diluted share, compared with $2.81 a year earlier. The company forecast third-quarter 2026 revenue of $1,140 million to $1,160 million and said its Board authorized an additional $500 million for stock repurchases, bringing the total authorization to $1 billion.
Q2 2026 revenue of $980.6 million compared with $804.2 million in Q1 2026 and $664.6 million in Q2 2025; Enterprise Data revenue rose 44.8% from Q1 to $380.6 million.
GAAP diluted EPS of $5.22 for Q2 2026 vs. $3.92 in Q1 2026 and $2.81 in Q2 2025; non-GAAP diluted EPS was $6.50.
Q3 2026 outlook: revenue of $1,140 million to $1,160 million and GAAP gross margin of 55.2% to 55.8%.
Board authorized an additional $500 million for stock repurchases, bringing total current authorization to $1 billion.
Monolithic Power Systems reported record first-quarter 2026 revenue of $804.2 million and GAAP net income of $193.2 million, or $3.92 per diluted share, both higher than a year earlier. The company forecast second-quarter 2026 revenue of $890 million to $910 million, which would be above the first-quarter result. Inventory and receivables both rose, with days of inventory at 157 days.
Q1 2026 revenue of $804.2 million rose 7.1% from Q4 2025 and 26.1% from Q1 2025.
GAAP net income was $193.2 million, or $3.92 per diluted share, compared with $135.1 million, or $2.81 per diluted share, in Q1 2025.
Q2 2026 outlook calls for revenue of $890 million to $910 million and GAAP gross margin of 55.1% to 55.7%.
Internal inventories rose to $619.2 million from $564.6 million at year-end 2025, and days of inventory rose to 157 days from 153 days.
Monolithic Power Systems said its audit committee concluded that its 2024 annual financial statements and its 2025 quarterly statements should no longer be relied upon because of an unintentional error in accounting for deferred income taxes tied to a one-time foreign tax incentive. The restatement cuts 2024 net income by $194.6 million to $1.592 billion, while 2025 net income rises $5.6 million, and the company says revenue, its non-GAAP measures and its Q1 2026 outlook are unchanged.
2024 net income restated to $1.592 billion from $1.787 billion; diluted EPS restated to $32.60 from $36.59.
The error relates to deferred income taxes on a one-time tax incentive granted by a foreign jurisdiction; the company says it is non-cash and involved no misconduct.
2025 net income increases $5.6 million to $621.5 million; diluted EPS rises to $12.86 from $12.75.
Revenue and non-GAAP measures are unaffected, and the Q1 2026 business outlook from February 5, 2026 is unchanged; the 2025 Form 10-K will be filed immediately after this 8-K.
Monolithic Power Systems reported fourth-quarter 2025 revenue of $751.2 million, up 20.8% from a year earlier, and raised its quarterly dividend from $1.56 to $2.00 per share. GAAP diluted earnings of $3.46 per share fell from $29.88 a year earlier, but that prior-year figure included a $1,285.4 million tax benefit, and non-GAAP diluted earnings rose to $4.79 from $4.09. CFO Bernie Blegen also said he will retire, with Corporate Controller Rob Dean named interim CFO.
Q4 2025 revenue was $751.2 million, up 20.8% from $621.7 million in Q4 2024.
GAAP diluted EPS was $3.46 versus $29.88 a year earlier, which included a $1,285.4 million tax benefit; non-GAAP diluted EPS was $4.79 versus $4.09.
Quarterly dividend increased from $1.56 to $2.00 per share, payable April 15, 2026 to holders of record March 31, 2026.
CFO Bernie Blegen plans to retire; Corporate Controller Rob Dean becomes interim CFO upon filing of the 2025 Form 10-K. Q1 2026 revenue outlook is $770.0 million to $790.0 million.
Monolithic Power Systems reported third-quarter 2025 results with revenue of $737.2 million, up 18.9% from a year earlier, and GAAP net income of $178.3 million, or $3.71 per diluted share, compared with $2.95 a year earlier. The company also gave fourth-quarter 2025 revenue guidance of $730.0 million to $750.0 million, which shareholders can compare with the third-quarter result.
Q3 2025 revenue was $737.2 million, up 10.9% from $664.6 million in Q2 2025 and up 18.9% from $620.1 million in Q3 2024.
GAAP net income was $178.3 million, or $3.71 per diluted share, versus $144.4 million, or $2.95 per diluted share, a year earlier.
GAAP gross margin was 55.1%, compared with 55.4% in Q3 2024.
Fourth-quarter 2025 revenue is projected at $730.0 million to $750.0 million.
Monolithic Power Systems (MPS) reported second-quarter 2025 revenue of $664.6 million, up 31.0% from a year earlier and 4.2% from the first quarter, with GAAP net income of $133.7 million, or $2.78 per diluted share. The company expects third-quarter 2025 revenue of $710.0 million to $730.0 million, while GAAP gross margin of 55.1% was slightly below the 55.3% reported a year earlier.
Q2 2025 revenue of $664.6 million, up 31.0% from $507.4 million in Q2 2024 and up 4.2% from $637.6 million in Q1 2025
GAAP net income of $133.7 million, or $2.78 per diluted share, versus $100.4 million, or $2.05 per diluted share, a year earlier
Q3 2025 revenue outlook of $710.0 million to $730.0 million; GAAP gross margin guidance of 54.9% to 55.5%
GAAP gross margin of 55.1% in Q2 2025 compared with 55.3% in Q2 2024
Monolithic Power Systems reported first-quarter 2025 revenue of $637.6 million, up 39.2% from a year earlier and up 2.6% from the fourth quarter of 2024. GAAP diluted EPS was $2.79, up from $1.89 a year earlier, and the company expects second-quarter revenue of $640.0 million to $660.0 million.
Q1 2025 revenue was $637.6 million, up 39.2% year over year and 2.6% quarter over quarter
GAAP net income was $133.8 million, or $2.79 per diluted share, versus $92.5 million, or $1.89, a year earlier
Non-GAAP diluted EPS was $4.04, down 1.2% from $4.09 in the fourth quarter of 2024
Q2 2025 guidance calls for revenue of $640.0 million to $660.0 million and GAAP gross margin of 54.9% to 55.5%
Monolithic Power Systems reported fourth-quarter 2024 revenue of $621.7 million, up 36.9% from $454.0 million a year earlier, and non-GAAP diluted earnings of $4.09 per share, up from $2.88. GAAP diluted EPS of $29.88 was inflated by a $1.3 billion tax benefit from a foreign subsidiary. The board raised the quarterly dividend to $1.56 per share from $1.25 and approved a $500 million stock repurchase program that expires February 4, 2028.
Q4 2024 revenue of $621.7 million compared with $454.0 million a year earlier and $620.1 million in the prior quarter.
GAAP net income of $1.4 billion ($29.88 per diluted share) included a $1.3 billion tax benefit; non-GAAP net income was $198.4 million ($4.09 per diluted share).
First-quarter 2025 revenue outlook is $610.0 million to $630.0 million.
Dividend of $1.56 per share payable April 15, 2025 to holders of record as of March 31, 2025.
Monolithic Power Systems reported third-quarter 2024 revenue of $620.1 million, up 30.6% from $474.9 million a year earlier, and GAAP net income of $144.4 million, or $2.95 per diluted share, compared with $2.48 a year earlier. The company set fourth-quarter 2024 revenue guidance of $600.0 million to $620.0 million, and GAAP operating expenses rose to $179.4 million from $128.0 million.
Revenue was $620.1 million, up 22.2% from $507.4 million in the second quarter of 2024 and up 30.6% from $474.9 million a year earlier.
GAAP net income was $144.4 million, or $2.95 per diluted share, versus $121.2 million, or $2.48 per diluted share, a year earlier.
GAAP operating expenses were $179.4 million, compared with $128.0 million a year earlier.
Fourth-quarter 2024 revenue is projected to be in the range of $600.0 million to $620.0 million.
James C. Moyer resigned from the Monolithic Power Systems board on October 21, 2024, and the board cut its authorized seats from eight to seven. The board also rebalanced its director classes by appointing Jeff Zhou as a Class I director, a move the company says is to achieve a more equal balance among the classes, and the filing says Moyer's resignation was not due to any disagreement with the company.
James C. Moyer resigned from the board on October 21, 2024; the filing states no disagreement with the company, its board or management.
Board authorized seats fell from eight to seven.
Jeff Zhou resigned as a Class II director and was reappointed as a Class I director, term expiring at the 2026 annual meeting.
Zhou keeps his compensation, indemnification arrangements and Compensation and Audit Committee roles, but will not receive a new director RSU grant.
Monolithic Power Systems reported second-quarter 2024 revenue of $507.4 million, up 15.0% from a year earlier, and GAAP diluted earnings of $2.05 per share versus $2.04. It gave third-quarter revenue guidance of $590.0 million to $610.0 million. Separately, the board said it will move to declassify, phasing out its classified board structure over six years after a majority advisory stockholder vote.
Q2 2024 revenue was $507.4 million, up 15.0% from $441.1 million in Q2 2023.
GAAP diluted EPS was $2.05 versus $2.04 a year earlier; GAAP operating income was $116.5 million versus $112.3 million.
Q3 2024 revenue outlook is $590.0 million to $610.0 million.
Board intends to propose declassification at the 2025 annual meeting, with all directors elected annually from the 2030 annual meeting.
Monolithic Power Systems reported first-quarter 2024 revenue of $457.9 million, up 1.5% from a year earlier, while GAAP net income fell 15.7% to $92.5 million. The company guided second-quarter 2024 revenue to $480.0 million to $500.0 million, and CEO Michael Hsing said it remains cautious about second-half 2024 business conditions.
Revenue was $457.9 million, up 1.5% from $451.1 million in Q1 2023 and up 0.9% from $454.0 million in Q4 2023.
GAAP net income was $92.5 million, or $1.89 per diluted share, versus $109.8 million, or $2.26 per diluted share, in Q1 2023.
Non-GAAP net income was $137.5 million, or $2.81 per diluted share, versus $3.00 a year earlier.
Q2 2024 guidance: revenue of $480.0 million to $500.0 million and GAAP gross margin of 55.1% to 55.7%.
Monolithic Power Systems reported fourth-quarter 2023 revenue of $454.0 million, down 1.3% from a year earlier, and GAAP diluted earnings of $1.98 per share, down from $2.45. For the full year, revenue rose 1.5% to $1.82 billion, but GAAP diluted earnings fell to $8.76 per share from $9.05. The board also raised the quarterly cash dividend by 25%, from $1.00 to $1.25 per share, payable April 15, 2024.
Q4 2023 revenue was $454.0 million, down 4.4% from $474.9 million in Q3 2023 and down 1.3% from $460.0 million a year earlier.
Q4 2023 GAAP net income was $96.9 million, or $1.98 per diluted share, versus $119.1 million, or $2.45 per diluted share, in Q4 2022.
Full-year 2023 revenue was $1,821.1 million; GAAP net income was $427.4 million, or $8.76 per diluted share.
Quarterly dividend increases to $1.25 per share, payable April 15, 2024 to holders of record as of March 29, 2024. First quarter 2024 revenue outlook is $437.0 million to $457.0 million.
Monolithic Power Systems reported third-quarter 2023 results on October 30, 2023, with revenue down 4.1% from a year earlier and GAAP diluted earnings per share of $2.48, compared with $2.57 a year earlier. The same day, its board approved a $640 million stock repurchase program running through October 29, 2026, which the company says will be funded from available working capital and cash repatriated from its Bermuda subsidiary.
Q3 revenue was $474.9 million, up 7.6% from $441.1 million in Q2 2023 but down 4.1% from $495.4 million in Q3 2022.
Q3 GAAP diluted EPS was $2.48 vs. $2.57 a year earlier; non-GAAP diluted EPS was $3.08 vs. $3.53.
Fourth-quarter 2023 revenue outlook is $442.0 million to $462.0 million.
Board approved a $640 million repurchase program expiring October 29, 2026; repurchased shares will be retired.
Monolithic Power Systems reported second-quarter 2023 results for the quarter ended June 30, 2023, with revenue of $441.1 million, down 4.3% from $461.0 million a year earlier. GAAP diluted earnings per share were $2.04, down from $2.37, and the company gave third-quarter revenue guidance of $464.0 million to $484.0 million.
Q2 2023 revenue was $441.1 million, down 2.2% from Q1 2023 and down 4.3% from Q2 2022.
GAAP net income was $99.5 million, or $2.04 per diluted share, versus $114.7 million, or $2.37, a year earlier.
Six-month revenue rose 6.4% to $892.2 million, with automotive revenue of $209.7 million in the first half of 2023 versus $115.6 million in 2022.
Third-quarter 2023 revenue guidance is $464.0 million to $484.0 million, with GAAP gross margin of 55.5% to 56.1%.
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