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Sep 30
Monolithic Power Q3 2025 Earnings Report
Monolithic Power Systems reported strong Q3 2025 results with record revenue and net income gains.
Key Takeaways
Monolithic Power Systems delivered a robust Q3 2025, achieving record quarterly revenue of $737.2 million and net income of $178.3 million, supported by strength in Storage & Computing and Automotive segments.
Revenue reached $737.2 million, driven by strength in Storage & Computing and Automotive markets.
GAAP net income was $178.3 million, up from $144.4 million a year ago.
Diluted EPS was $3.71, while non-GAAP EPS came in at $4.73.
GAAP gross margin slightly declined to 55.1% from 55.4% YoY.
Monolithic Power
Monolithic Power
Monolithic Power Revenue by Segment
Revenue by Segment
Storage & Computing Revenue
CapyFin.comEnterprise Data Revenue
CapyFin.comAutomotive Revenue
CapyFin.comCommunications Revenue
CapyFin.comConsumer Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
MPS expects Q4 2025 revenue between $730M and $750M, with stable gross margins and operating costs.
Positive Outlook
- Q4 revenue projected in the $730M–$750M range.
- Non-GAAP gross margin expected between 55.2% and 55.8%.
- Non-GAAP operating expenses projected between $145.5M and $149.5M.
- Interest and other income forecasted between $7.4M and $7.8M.
- Non-GAAP tax rate maintained at 15%.
Challenges Ahead
- GAAP gross margin guidance slightly lower at 54.9%–55.5%.
- Stock-based compensation remains elevated, impacting GAAP expenses.
- Operating expenses expected to increase on a GAAP basis to $206.8M–$212.8M.
- No geographic breakdown provided for revenue performance.
- Potential foreign exchange volatility not fully accounted in guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income