Chip Stock Investor on $MPWR (Nov 6, 2026)
Monolithic Power is a best-in-class power-chip franchise: best-in-class revenue growth, a fabless model that can quickly redeploy engineers to capture design wins, and best-in-class profitability plus buybacks. Cash investments this year to expand with manufacturing partners have not stopped it delivering that growth and profitability.
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And one final company to round out our discussion today is Monolithic Power Systems. Monolithic makes power chips. Actually, Monolithic has a best in class catalog of not only power chips, but also systems that can be placed absolutely anywhere that needs power.
Monolithic Power has a power system or power chip, that can give that device power. Really incredible story. They continue to just go from strength to strength, and a best in class mix of not just revenue growth.
As a fabless chip designer, you would expect that, the ability for them to move very quickly, reallocate their engineering teams to capture new design wins, but also best in class profitability.
But Monolithic is actually profitable on all counts and on a per share basis over time. Though they've been making some cash investments this year to expand with their manufacturing partners, still very much delivering on this front, not just growth, but fantastic profitability for that growth and returning cash to shareholders with share repurchases.
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