MPS Exceeds $1 Billion in Quarterly Revenue: Accelerated Growth and Capacity Expansion
Monolithic Power Systems (MPS) has achieved another significant milestone by exceeding $1 billion in quarterly revenue for the first time. This remarkable achievement is a testament to the company's diversified growth strategy, which continues to pay off.
In its Q3 2026 earnings call, Tony, the Chief Financial Officer of MPS, revealed that the company's revenue had reached $1.2 billion, marking a 22% increase from the second quarter of 2026 and a staggering 63% higher than the third quarter of 2025. This significant growth is not only limited to the enterprise data end market but also extends across multiple geographies.
One of the key highlights of MPS's Q3 performance is its capacity expansion, which has surpassed $6 billion in annual revenue support. The company expects this capacity to reach $8 billion by the second half of 2027 and eventually hit $10 billion to support its rapidly expanding business. This ambitious goal demonstrates MPS's confidence in its ability to drive growth and adapt to emerging trends.
The enterprise data end market saw strong demand across existing customers, with MPS expecting this trend to continue into 2027. Additionally, the company has successfully expanded its customer base in traditional areas using its AI design tools, further solidifying its position in the industry. The automotive sector also experienced significant growth, with MPS receiving first orders for its 48V power solutions and anticipating additional design wins for 48V and zonal architectures to drive growth in 2027.
Furthermore, MPS has started ramping up robotic solutions with sensor and motor control products across multiple geographies, while increasing its System Average Multiplication (SAM) through the ramp of high-speed memory products. The company also landed its first large data converter design win, which is expected to ramp next year, and began sampling GaN-based solutions for use in 800V data center architectures, complementing its existing silicon carbide-based designs.
In another significant development, MPS repurchased over $450 million of its own stock during Q3. This strategic move demonstrates the company's commitment to creating value for its shareholders.
Overall, MPS's performance in Q3 2026 has been nothing short of impressive, with accelerated growth and capacity expansion being key drivers of this success. The company's diversified growth strategy is paying off, and it appears poised for continued growth in the years to come.
