MPS Q2 FY26 GAAP net income rises 90.6% to $257.3 million; revenue increases 47.6% to $980.6 million
MPWR•Margins and enterprise data growth
GAAP operating margin widened to 31.0% from 30.0% in Q1; GAAP gross margin edged down 0.1 percentage points to 55.2%.
Enterprise Data revenue rose to USD 380.6 million, up 44.8% sequentially; year-over-year growth more than doubled at 164.3%.
Q2 revenue and profit rise sharply
MPS posted Q2 revenue of USD 980.6 million, up 21.9% from Q1 and 47.6% from a year earlier.
GAAP net income climbed to USD 257.3 million, rising 33.2% sequentially; diluted EPS increased to USD 5.22, up 33.2%.
Third-quarter outlook and capital return
Q3 outlook calls for revenue of USD 1.14 billion to USD 1.16 billion; the board authorized an additional USD 500 million in buybacks.
