Monolithic Power Systems Q1 2026 Earnings Report - Record Revenue of $804.2M

Monolithic Power Systems reported strong first quarter 2026 results with record revenue of $804.2 million, representing 7.1% sequential growth and 26.1% year-over-year growth. The company achieved GAAP net income of $193.2 million ($3.92 per diluted share) and non-GAAP net income of $251.3 million ($5.10 per diluted share). Key highlights include significant growth in the Communications segment (up 33.1% sequentially) and Enterprise Data segment (up 12.6% sequentially), with Enterprise Data showing remarkable 97.7% year-over-year growth driven by AI and server applications. The company maintained strong gross margins of 55.3% (GAAP) and 55.5% (non-GAAP). For Q2 2026, MPS forecasts revenue between $890-910 million, representing continued growth momentum. The company also announced plans to expand its capacity goal from $4B to $6B in the near future.