Compute & semiconductors
Monolithic Power Systems
Business, financial evidence and documented connections to the AI buildout.
Business and AI exposure
Monolithic Power Systems supplies power-management semiconductors and modules. Its AI infrastructure exposure includes power delivery for servers and high-density computing systems. The Enterprise Data category captures part of this demand, alongside other applications that are not exclusively tied to AI.
www.monolithicpower.com ↗ · www.sec.gov · 2026-07-30 ↗ · media.monolithicpower.com ↗
Earnings and disclosures
Latest verified results: Q2 2026 · Released 2026-07-30
Next results: 2026-10-29 · Q3 2026 results.
Checked 2026-10-18 · Financial context and sources ↓
Financial context
For Q2 2026, MPS reported $980.6 million of total revenue and $380.6 million from Enterprise Data, equivalent to 38.8% of sales. GAAP operating margin was 31% and net income was $257.3 million. The segment share is broader than an AI-only revenue measure.
Products and delivery
Management described new and existing customer ramps and greater module content supporting Enterprise Data growth. Separately, 800 V silicon-carbide products were sampling, with revenue timing still unknown. Product sampling should not be interpreted as commercial-volume shipments.
Plans and commitments
MPS raised its 2026 Enterprise Data growth expectation from at least 85% to at least 130%. Its capacity target exceeding $6 billion describes potential annual revenue capacity. It is neither an order book nor sales already recognized by the company.
Economics and dependencies
Results depend on customer system ramps, production capacity and the amount of power-module content in each deployment. The catalog includes more than 100 AI power products, but product count does not establish market adoption or a percentage of company revenue.
What to watch
Reported Enterprise Data sales and margins can show whether customer ramps support the higher growth outlook. Shipment and qualification updates are needed for newer 800 V products. Engineering power ratings should remain distinct from operational customer capacity and the revenue MPS ultimately earns.
www.monolithicpower.com ↗ · www.sec.gov · 2026-07-30 ↗ · media.monolithicpower.com ↗
Documented project connections
Each connection below has a specific, cited role. A supplier, lender, customer or proposed acquirer has different economics from the project owner.
No named tracked-project role has been established by the evidence used for this profile. This does not mean the company has no AI exposure.
Evidence boundaries
Company totals, segment sales, bookings, backlog, spending, capacity and usage describe different things. They do not establish project-level revenue, earnings or an exact AI-only revenue share unless the cited disclosure explicitly says so.
This is a dated research snapshot. Forecasts are attributed expectations, and undisclosed amounts remain unknown. Source review does not certify every project or future outcome.