MPS Q2 FY26 net income rises 90.6% to $257.3 million; revenue increases 47.6% to $980.6 million - MPWR News | RalliesMPS Q2 FY26 net income rises 90.6% to $257.3 million; revenue increases 47.6% to $980.6 million
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MPWR• Q2 FY26 results
- MPS posted Q2 2026 revenue of $980.6 million, up 21.9% quarter-over-quarter and 47.6% year-over-year.
- GAAP net income climbed to $257.3 million, rising 33.2% from Q1 2026; diluted EPS rose 33.2% to $5.22.
- GAAP gross margin was 55.2%, down 0.1 percentage points from Q1 2026; operating margin widened 1 percentage point to 31.0%.
- Enterprise Data revenue rose to $380.6 million, up 44.8% sequentially and more than doubled year-over-year on higher AI and server power sales.
Outlook and capital returns
- For Q3 2026, revenue is forecast at $1.14 billion-$1.16 billion.
- The board added $500 million to buyback authorization, taking total authorization to $1 billion.
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