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 Communications and Enterprise Data segments. MPWR is expanding its total addressable market through increased CPU server share, entry into building automation, and new high-speed analog products. Despite risks like execution challenges and China exposure, the company's 48% year-over-year growth and 55.6% gross margin support a valuation premium and positive outlook.
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 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 ...
