MPS Q2 revenue $664.6mln, up 31% YoY, gross margin 55.1%.

• Monolithic Power Systems Q2 revenue at $664.6mln, up 31% YoY. • Revenue up 4.2% QoQ from $637.6mln. • GAAP gross margin at 55.1%. • Non-GAAP gross margin at 55.5%.

Monolithic Power Systems, Inc. (MPWR) has released its second-quarter 2025 financial results, showcasing robust growth and strong performance across multiple segments. The Kirkland, WA-based company reported revenue of $664.6 million, representing a 31.0% year-over-year increase and a 4.2% sequential growth from the previous quarter's $637.6 million. This growth is driven by solid traction in several verticals, including automotive, data centers, and building automation.

Key highlights from the Q2 2025 results include:

- Revenue Growth: The company achieved a 31.0% year-over-year increase in revenue, reaching $664.6 million. This marks a significant improvement over the prior year's $507.43 million.
- Gross Margin: The GAAP gross margin stood at 55.1%, while the non-GAAP gross margin was 55.5%. These margins reflect the company's effective cost management and operational efficiency.
- Segment Performance: The Storage and Computing segment saw a remarkable 69.9% year-over-year growth to $195.3 million, becoming the largest segment. The Automotive segment also performed well, with a 66.5% year-over-year increase to $145.1 million. The Enterprise Data segment, however, declined by 23.1% to $144.0 million, likely reflecting cyclical data center spending patterns.

Monolithic Power Systems' strategic pivot from a chip-only semiconductor supplier to a full-service, silicon-based solutions provider appears to be driving sustainable growth across multiple sectors. The company continues to invest in cutting-edge technology advancements and diversify its product portfolio to capitalize on emerging markets.

Looking ahead, Monolithic Power Systems projects revenue between $710.0 million and $730.0 million for the third quarter of 2025, indicating continued momentum. The company's strategic transformation and disciplined cost management are expected to support future growth.

References:
[1] https://finance.yahoo.com/news/mpwr-report-q2-earnings-revenue-162100181.html
[2] https://seekingalpha.com/news/4475906-monolithic-power-systems-inc-non-gaap-eps-of-4_21-beats-by-0_09-revenue-of-664_57m-beats-by
[3] https://www.stocktitan.net/news/MPWR/monolithic-power-systems-announces-results-for-the-second-quarter-k60koturra5j.html