Monolithic Power Systems Q3 FY2026: Revenue Up 63.1% to $1.20 Billion
Monolithic Power Systems delivered a blowout fiscal Q3 2026: revenue of $1.20 billion, up 63.1% year over year, non-GAAP EPS of $8.19 versus a $7.91 consensus, and a Q4 guide of $1.35 billion at the midpoint. Read it as an AI-data-center story: Enterprise Data alone was $506.7 million, or 42.1% of sales. Margins held near 55%, so growth is coming with profit, not instead of it.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $5.51 and non-GAAP was $8.19, against a $7.91 consensus — a 3.6% beat on the non-GAAP line. GAAP net income of $271.1 million rose 50.8% year over year, slower than revenue, because operating expenses grew 45.9% and stock comp jumped. The $2.68 gap between GAAP and non-GAAP EPS is mostly stock-based compensation.
Revenue was $1.20 billion, up 63.1% from $737.2 million a year ago and 22.6% from $980.6 million last quarter. That is the first quarter above $1 billion in the company's history. Every end market except Storage & Computing grew sequentially, with Enterprise Data adding $126.1 million by itself.
Q4 guidance is $1.315–$1.385 billion, a $1.35 billion midpoint that implies 12.3% sequential growth. Gross margin is guided to 55.2%–55.8% GAAP, essentially where it just printed. Growth decelerates but the dollar adds do not: roughly $148 million of new quarterly revenue at the midpoint.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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