Monolithic Power Q3 revenue, adjusted EPS beat estimates
MPWR•Monolithic Power Systems reported Q3 revenue of $1.20 billion, up 63% year over year, and adjusted EPS of $8.19, beating analyst estimates of $1.15 billion and $7.75. It forecast Q4 revenue of $1.315 billion to $1.385 billion and added $500 million to its buyback authorization.
1. Quarterly results
Q3 revenue rose 63% year over year to $1.20 billion, topping the $1.15 billion analyst consensus. Adjusted EPS was $8.19, above the $7.75 estimate. The company said strong demand from existing customers and an expanded customer base in enterprise data drove revenue growth; higher communications sales for optical modules and switches, and increased automotive sales of ADAS power solutions, also contributed.
2. Outlook and buybacks
Monolithic Power forecast Q4 revenue of $1.315 billion to $1.385 billion, GAAP gross margin of 55.2% to 55.8%, and non-GAAP gross margin of 55.5% to 56.1%. The company repurchased $453 million in stock and increased its buyback authorization by $500 million. It anticipates strong enterprise data demand continuing into 2027.
