MPWRMonolithic Power Systems
Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. 10-K, Item 1
- Employees
- 4,501
- Headquarters
- West Palm Beach, FL
- CEO
- Michael Hsing
- Next results
- around Feb 4, 2027
The biggest changes in the 10-K filed 2026-02-27, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
-61.0% Big change FY to 2025-12-31 vs 2024-12-31“The effective tax rate was lower than the federal statutory rate of 21% primarily due to income generated by our subsidiaries in lower tax jurisdictions and research tax credits.”
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“The effective tax rate was lower than the federal statutory rate of 21% primarily due to tax benefits associated with a ten-year tax incentive.”
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Revenue
+26.4% Big change FY to 2025-12-31 vs 2024-12-31“The increase in revenue was primarily due to increases in shipment volume.”
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Operating margin
24.4% → 26.1% (+1.7 pts) Big change FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Cash from operations
+6.3% FY to 2025-12-31 vs 2024-12-31“For the year ended December 31, 2025, the $49.8 million increase in net cash provided by operating activities compared to the prior period was primarily due to increased accounts receivable collections, partially offset by increased inventory purchases and other changes in working capital.”
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Gross margin
55.3% → 55.2% (-0.1 pts) FY to 2025-12-31 vs 2024-12-31“The $264.5 million increase in cost of revenue was primarily driven by higher shipment volume.”
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“The decrease in gross margin was mainly driven by higher warranty expenses as a percentage of revenue, partially offset by lower inventory write-downs as a percentage of revenue.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
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