MPWR Monolithic Power Systems
FY2025 10-K
Monolithic Power Systems (MPWR) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Fabless analog/mixed-signal IC maker serving storage, enterprise data, automotive, communications, consumer, and industrial end markets via proprietary process/packaging tech
- • Enterprise data revenue share fell sharply to 25.2% from 32.5%; storage & computing rose to 26.3% from 22.7%, reclaiming top-market position — reflects AI server demand normalization
Management Discussion & Analysis
- • Revenue $2.79B, up $583.4M (+26.4% YoY) driven by volume growth; Storage & Computing best segment at $732.5M (+46.0%), Enterprise Data worst at -$14.4M (-2.0%)
- • Operating margin 26.1% vs 24.4%; gross margin 55.2% vs 55.3%; net margin 22.3% vs 72.1% (2024 inflated by $1.0B one-time tax benefit)
Risk Factors
- • 92% of revenue from Asia customers; export control rules targeting AI-enabling products risk cutting off key market access
- • Top 3 distributors (all distributors) = 54% of FY2025 revenue; single distributor loss could materially disrupt financials
Financial SummaryXBRL
Revenue
$2.8B
Net Income
$621M
Gross Margin
55.2%
Operating Margin
26.1%
Net Margin
22.3%
ROE
17.6%
Total Assets
$4.2B
EPS (Diluted)
$12.86
Operating Cash Flow
$838M
Source: XBRL data from Monolithic Power Systems FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other Monolithic Power Systems Annual Reports
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