Monolithic Power Systems reported a record second quarter revenue of $980.6 million, a 21.9% increase from the previous quarter and 47.6% higher than the same quarter last year. Growth was broad-based across all markets, with Enterprise Data revenue surging 164.3% year-over-year, driven by demand for AI and server power solutions. The company is expanding capacity beyond $6 billion to support future growth and is advancing new product lines including high-speed DDR5 memory components and high voltage AC to DC products. Looking ahead, MPS forecasts third quarter revenue between $1.14 billion and $1.16 billion, with continued investment in innovation and supply chain diversification to maintain its market leadership.
The global Gate Driver Integrated Circuit (IC) market is projected to grow from USD 1.76 billion in 2025 to USD 2.91 billion by 2035, at a CAGR of 5.19%. Growth is fueled by rising electric vehicle adoption, renewable energy infrastructure, and advan...
Monolithic Power Systems (MPWR) was upgraded to Buy with a new price target of $1,925 following a strong Q2 revenue of $981 million, which exceeded guidance by 8%. The growth was driven by broad power management adoption and strong performance in Com...
