Monolithic Power Systems, Inc. stock research
FY2026 Q1
Monolithic Power Systems (MPWR) Gross Margin & Quarterly History
Explore Monolithic Power Systems, Inc. (MPWR) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue and gross profit both increased compared with the prior quarter and the same quarter last year. Cost of revenue also rose in both comparisons, while gross margin remained relatively stable across all three periods.
- Gross margin was essentially unchanged from the prior quarter and the year-ago quarter, indicating that the relationship among revenue, cost of revenue, and gross profit remained consistent. The strongest observable driver is the proportional growth in revenue and cost of revenue, which kept the margin stable.
- Compared with the immediately preceding quarter, revenue and gross profit were higher, while cost of revenue was also higher; gross margin was slightly higher. Compared with the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly lower.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
55.3%
Gross profit
$445.1M
Revenue
$804.2M
Cost of revenue
$359.1M
Quarter-over-quarter change
+0.2 pts
Year-over-year change
-0.1 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Jun 30, 2025 | $664.6M | $366.0M | $298.6M | 55.1% |
| Sep 30, 2025 | $737.2M | $406.2M | $330.9M | 55.1% |
| Dec 31, 2025 | $751.2M | $414.3M | $336.9M | 55.2% |
| Mar 31, 2026 | $804.2M | $445.1M | $359.1M | 55.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2025
+0.2 pts
Year-over-year change
Mar 31, 2025
-0.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Gross margin was essentially unchanged from the prior quarter and the year-ago quarter, indicating that the relationship among revenue, cost of revenue, and gross profit remained consistent. The strongest observable driver is the proportional growth in revenue and cost of revenue, which kept the margin stable.
Compared with the immediately preceding quarter, revenue and gross profit were higher, while cost of revenue was also higher; gross margin was slightly higher. Compared with the same quarter one year earlier, revenue and gross profit were higher, cost of revenue was higher, and gross margin was slightly lower.
Monitor whether the cost of revenue continues to increase at a pace similar to revenue, as this will determine if gross margin remains stable.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| Monolithic Power Systems, Inc. (MPWR) | 55.3% |