Monolithic Power Systems reported second quarter 2026 financial results with record revenue of $980.6 million, a 47.6% year-over-year increase and 21.9% sequential growth. GAAP net income rose to $257.3 million, or $5.22 diluted EPS, while non-GAAP net income reached $320.1 million, or $6.50 diluted EPS. Enterprise Data revenue surged 164.3% year-over-year to $380.6 million, driving the overall performance. The company provided third quarter 2026 guidance forecasting revenue between $1,140 million and $1,160 million. Additionally, the Board authorized an additional $500 million for stock repurchases, bringing the total authorization to $1 billion. Monolithic Power Systems is a fabless semiconductor company that provides high-performance power electronics solutions.

Monolithic Power Systems announced a second quarter cash dividend of $2.00 per share for stockholders of record as of June 30, 2026, payable on July 15, 2026. Additionally, at its June 11, 2026 annual meeting, stockholders elected two Class I directors, ratified Ernst & Young LLP as the independent auditor for 2026, and approved 2025 executive compensation on an advisory basis. The company designs and sells high-performance analog and mixed-signal semiconductor solutions.