Reports › MPWR › 10-Q FY2026

SEC filings, compared

What changed in Monolithic Power Systems,'s 10-Q for the quarter ended March 31, 2026

Compared with the 10-Q for the quarter ended March 31, 2025. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant: MONOLITHIC POWER SYSTEMS, INC. · MPWR
This filing: 0001437749-26-014647 ↗ · filed May 4, 2026
Compared with: 0001437749-25-014522 ↗ · filed May 5, 2025
Processed: Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

41 material changes among 65 changed paragraphs

18 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

Concept	FY2026	FY2025
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax	804,185,000USD · Jan 1, 2026 to Mar 31, 2026	637,554,000USD · Jan 1, 2025 to Mar 31, 2025
Net income or lossus-gaap:NetIncomeLoss	193,226,000USD · Jan 1, 2026 to Mar 31, 2026	133,791,000USD · Jan 1, 2025 to Mar 31, 2025
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue	1,062,930,000USD · at Mar 31, 2026	637,354,000USD · at Mar 31, 2025
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities	250,253,000USD · Jan 1, 2026 to Mar 31, 2026	256,387,000USD · Jan 1, 2025 to Mar 31, 2025

Not compared. A change is shown only when both filings state the prior year identically, which is our check that the two columns describe the same reporting entity. That check did not pass for this pair, so each figure stands on its own filing. How a report is made

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2026: 0001437749-26-014647 · FY2025: 0001437749-25-014522

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

9 material additions

Part I, Item 2 · MD&A

8 of 9 shown · Ordered by the model, quote-checked

01AddedPart I, Item 2

Summary · quote-checked

Added disclosure concerning the ability to timely and adequately remediate a material weakness.

The new bullet identifies a material weakness remediation capability as a disclosed concern, adding substantive information about an obligation or control-related risk.

Why the model ranked it here

The added disclosure signals a material weakness and makes the company’s ability to remediate a control deficiency a central issue for readers.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to timely and adequately remediate our material weakness.

Cite this change

"• | our ability to timely and adequately remediate our material weakness."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

02AddedPart I, Item 2

Summary · quote-checked

Adds a statement about engaging supply chain partners and using diversification and resilience to reduce trade- and tariff-related exposure.

The new bullet introduces supply-chain dependency and trade- and tariff-related risk considerations, changing the substance disclosed in the report.

Why the model ranked it here

The company now identifies supply-chain diversification and resilience as dependencies for growth and as responses to trade- and tariff-related exposure.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to engage additional supply chain partners to support future growth and to leverage a diversified and resilient supply chain to reduce exposure to trade- and tariff-related risks;

Cite this change

"our ability to engage additional supply chain partners to support future growth and to leverage a diversified and resilient supply chain to reduce exposure to trade- and tariff-related risks;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

03AddedPart I, Item 2

Summary · quote-checked

Added an expectation to continue significant research and development spending, including related increased expenses.

The new disclosure states a continuing resource commitment and expected expense increase, changing the company’s stated outlook and obligations described in MD&A.

Why the model ranked it here

The disclosure establishes an ongoing commitment to significant research and development spending and related higher expenses.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our expectation to continue devoting significant resources to research and development including related increased expenses;

Cite this change

"our expectation to continue devoting significant resources to research and development including related increased expenses;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

04AddedPart I, Item 2

Summary · quote-checked

Added disclosure regarding the company’s ability to forecast demand and align inventory levels.

The new bullet identifies demand forecasting and inventory alignment as a disclosed operational dependency, adding substantive information rather than merely updating wording or formatting.

Why the model ranked it here

The company now highlights demand forecasting and inventory alignment as operational dependencies that could affect execution.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to forecast demand accurately and align inventory levels accordingly;

Cite this change

"• | our ability to forecast demand accurately and align inventory levels accordingly;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

05AddedPart I, Item 2

Summary · quote-checked

Added disclosure of the company’s ability to meet evolving customer needs, enter new markets, and obtain design wins.

The new bullet identifies operational capabilities and customer-related dependencies not present previously, adding substantive disclosure rather than merely rephrasing existing text.

Why the model ranked it here

The new disclosure makes customer retention, market expansion, and design wins explicit dependencies of the company’s operating performance.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to fulfill our customers' evolving needs, enter new market segments and obtain design wins;

Cite this change

"our ability to fulfill our customers' evolving needs, enter new market segments and obtain design wins;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

06AddedPart I, Item 2

Summary · quote-checked

Added a risk concerning the company’s ability to recruit and retain application and design engineering personnel.

The new bullet identifies a personnel recruiting and retention dependency, adding a substantive workforce-related risk disclosure.

Why the model ranked it here

The company now identifies recruiting and retaining application and design engineering personnel as a workforce-related risk.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to recruit and retain application and design engineering personnel;

Cite this change

"• | our ability to recruit and retain application and design engineering personnel;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

07AddedPart I, Item 2

Summary · quote-checked

Added a statement identifying development and leverage of process technologies as key components of future growth.

The new disclosure introduces a strategic capability and dependency tied to future growth, changing the substance of what the company reports.

Why the model ranked it here

The added statement links process-technology development and leverage directly to the company’s future growth strategy.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our ability to develop and leverage process technologies as key strategic components of our future growth;

Cite this change

"• | our ability to develop and leverage process technologies as key strategic components of our future growth;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

08AddedPart I, Item 2

Summary · quote-checked

Added an expectation to reduce manufacturing intensity and related emissions by capitalizing on product life cycles.

The new paragraph states a management expectation and an intended emissions-reduction approach, adding substantive environmental strategy disclosure rather than boilerplate.

Why the model ranked it here

The company now states an environmental operating expectation to reduce manufacturing intensity and related emissions through product life cycles.

Filing text · FY2025 10-Q · filed May 5, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed May 4, 2026

[added] • | our expectation to capitalize on the length of product life cycles to reduce manufacturing intensity and related emissions;

Cite this change

"our expectation to capitalize on the length of product life cycles to reduce manufacturing intensity and related emissions;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

Show all 9 in Part I, Item 2 (1 more, in filing order)

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

7 material removals

Part I, Item 2 · MD&A

5 of 7 shown · Ordered by the model, quote-checked

01RemovedPart I, Item 2 › Cash Requirements

Summary · quote-checked

The disclosure of a long-term silicon wafer supply agreement and its remaining prepayments was removed.

Removing this paragraph eliminates disclosure of a manufacturing-capacity dependency and related prepayment obligation.

Why the model ranked it here

This removes disclosure of a manufacturing-capacity dependency and the related prepayment commitment, obscuring an important operational obligation.

Filing text · FY2025 10-Q · filed May 5, 2025

[removed] In May 2022, we entered into a long-term supply agreement in order to secure manufacturing production capacity for silicon wafers over a four-year period. As of March 31, 2025, we had remaining prepayments under this agreement of $60.0 million reported in other current assets on the Condensed Consolidated Balance Sheets.

Filing text · FY2026 10-Q · filed May 4, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"In May 2022, we entered into a long-term supply agreement in order to secure manufacturing production capacity for silicon wafers over a four-year period. As of March 31, 2025, we had remaining prepayments under this agreement of $60.0 million reported in other current assets on the Condensed Consolidated Balance Sheets."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-014522, filed 5 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925014522/mpwr20250331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

02RemovedPart I, Item 2 › Cash Requirements

Summary · quote-checked

Removed disclosure of the remaining transition tax liability and its interest-free installment payments through 2025.

The paragraph disclosed a tax obligation, payment terms, maturity and remaining balance; removing it changes the stated obligations and cash requirements.

Why the model ranked it here

This removes disclosure of a remaining tax liability and its payment terms, changing the visibility of a cash obligation.

Filing text · FY2025 10-Q · filed May 5, 2025

[removed] The transition tax liability represents the one-time, mandatory deemed repatriation tax imposed on previously deferred foreign earnings under the U.S. Tax Cuts and Jobs Act enacted in December 2017 (the "2017 Tax Act"). As permitted by the 2017 Tax Act, we have elected to pay the tax liability in installments on an interest-free basis through 2025. As of March 31, 2025, the remaining liability totaled $6.2 million, all of which was short-term.

Filing text · FY2026 10-Q · filed May 4, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"As of March 31, 2025, the remaining liability totaled $6.2 million, all of which was short-term."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-014522, filed 5 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925014522/mpwr20250331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

03RemovedPart I, Item 2 › Cash Requirements

Summary · quote-checked

The current report removes disclosure of operating lease obligations, including total and short-term amounts.

A dropped obligation statement changes disclosed commitments and liquidity-related information, so it is material under the rubric.

Why the model ranked it here

This removes disclosure of lease commitments, reducing transparency into the company’s contractual obligations and liquidity needs.

Filing text · FY2025 10-Q · filed May 5, 2025

[removed] Operating lease obligations represent the undiscounted remaining lease payments primarily for our leased facilities. As of March 31, 2025, these obligations totaled $17.8 million, of which $3.3 million was short-term.

Filing text · FY2026 10-Q · filed May 4, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"Operating lease obligations represent the undiscounted remaining lease payments primarily for our leased facilities. As of March 31, 2025, these obligations totaled $17.8 million, of which $3.3 million was short-term."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-014522, filed 5 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925014522/mpwr20250331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

04RemovedPart I, Item 2 › Income Tax Expense

Summary · quote-checked

The current filing removes disclosure that the Bermuda CIT Act was enacted and signed into law in December 2023.

The removed paragraph disclosed a newly enacted tax law and related details, representing a substantive legal and tax obligation rather than wording or date roll-forward.

Why the model ranked it here

This removes disclosure of an enacted tax law, obscuring a substantive legal and tax obligation affecting the company.

Filing text · FY2025 10-Q · filed May 5, 2025

~~[removed] In December 2023, the Bermuda CIT Act was enacted and signed into law. See Note 13 for further details.~~

Filing text · FY2026 10-Q · filed May 4, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"In December 2023, the Bermuda CIT Act was enacted and signed into law. See Note 13 for further details."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-014522, filed 5 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925014522/mpwr20250331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

05RemovedPart I, Item 2 › Overview

Summary · quote-checked

Removed a statement identifying factors on which future revenue growth depends, including product development, market expansion, customer diversification and manufacturing capacity.

The removed paragraph disclosed substantive revenue-growth dependencies and litigation risk, so its removal changes the company’s stated outlook and dependency disclosures.

Why the model ranked it here

This removes the company’s stated dependencies for revenue growth, making its outlook and execution requirements less transparent.

Filing text · FY2025 10-Q · filed May 5, 2025

[removed] We believe our ability to achieve revenue growth will depend, in part, on our ability to develop new products, enter new market segments, gain market share, manage litigation risk, diversify our customer base and continue to secure manufacturing capacity.

Filing text · FY2026 10-Q · filed May 4, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"We believe our ability to achieve revenue growth will depend, in part, on our ability to develop new products, enter new market segments, gain market share, manage litigation risk, diversify our customer base and continue to secure manufacturing capacity."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-014522, filed 5 May 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925014522/mpwr20250331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

Show all 7 in Part I, Item 2 (2 more, in filing order)

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

25 material changes

Part I, Item 2 · MD&A

5 of 25 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Cash Requirements

Summary · quote-checked

Liquidity sufficiency is stated for the next 12 months rather than the next 12 months and beyond, alongside updated cash balances and added announcement language.

Removing coverage beyond the next 12 months narrows management’s liquidity assurance, while the added announcement reference and updated balance accompany that substantive outlook change.

Why the model ranked it here

The liquidity assurance no longer extends beyond the near term, materially changing the stated funding outlook.

Filing text · FY2025 10-Q · filed May 5, 2025

Although consequences of economic uncertainties and macroeconomic conditions, including tariffs and retaliatory ~~[removed] measures, and~~ other factors could adversely affect our liquidity and capital resources in the future, and cash requirements may fluctuate based on the timing and extent of many factors such as those discussed above, we believe that our balances of cash, cash equivalents and short-term investments of ~~[removed] $1,026.7~~ million as of March 31, ~~[removed] 2025,~~ along with cash generated by ongoing operations, will be sufficient to satisfy our liquidity requirements for the next 12 ~~[removed] months and beyond.~~

Filing text · FY2026 10-Q · filed May 4, 2026

Although consequences of economic uncertainties and macroeconomic conditions, including tariffs and retaliatory [added] measures and announcements regarding the same, and many other factors could adversely affect our liquidity and capital resources in the future, and cash requirements may fluctuate based on the timing and extent of many factors such as those discussed above, we believe that our balances of cash, cash equivalents and short-term investments of [added] $1,367.1 million as of March 31, [added] 2026, along with cash generated by ongoing operations, will be sufficient to satisfy our liquidity requirements for the next 12 [added] months.

Cite this change

"we believe that our balances of cash, cash equivalents and short-term investments of $1,367.1 million as of March 31, 2026, along with cash generated by ongoing operations, will be sufficient to satisfy our liquidity requirements for the next 12 months."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

02ChangedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

Operating cash flow changed from an increase to a decrease, with inventory purchases and working-capital changes becoming the primary stated drivers.

The MD&A direction reverses from increased to decreased net cash provided by operating activities, and the relative emphasis of the stated drivers changes.

Why the model ranked it here

Operating cash generation reversed direction and is now attributed to inventory and working-capital demands, changing the near-term cash-flow picture.

Filing text · FY2025 10-Q · filed May 5, 2025

For the three months ended March 31, ~~[removed] 2025, the $8.3 million increase~~ in net cash provided by operating activities compared to the same period in ~~[removed] 2024~~ was primarily due to increased ~~[removed] accounts receivable collections, partially offset by increased inventory purchases and changes in other working capital.~~

Filing text · FY2026 10-Q · filed May 4, 2026

For the three months ended March 31, [added] 2026, the $6.1 million decrease in net cash provided by operating activities compared to the same period in [added] 2025 was primarily due to increased [added] inventory purchases and other changes in working capital, partially offset by increased accounts receivable collections.

Cite this change

"For the three months ended March 31, 2026, the $6.1 million decrease in net cash provided by operating activities compared to the same period in 2025 was primarily due to increased inventory purchases and other changes in working capital, partially offset by increased accounts receivable collections."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

03ChangedPart I, Item 2 › Cost of Revenue and Gross Margin

Summary · quote-checked

Gross margin decreased rather than increased, with changed warranty, inventory write-down, product-mix and manufacturing-overhead drivers.

The disclosure changes direction from an increase to a decrease and replaces the stated drivers, making the MD&A explanation substantively different beyond period and figure roll-forward.

Why the model ranked it here

Gross margin reversed from improvement to deterioration and now emphasizes warranty costs, changing the profitability explanation.

Filing text · FY2025 10-Q · filed May 5, 2025

Gross margin was ~~[removed] 55.4%~~ for the three months ended March 31, ~~[removed] 2025,~~ compared with ~~[removed] 55.1%~~ for the three months ended March 31, ~~[removed] 2024. The increase~~ in gross margin was mainly driven by ~~[removed] lower inventory write-downs and~~ warranty expenses as a percentage of revenue, partially offset by ~~[removed] product mix and higher~~ manufacturing overhead costs as a percentage of revenue.

Filing text · FY2026 10-Q · filed May 4, 2026

Gross margin was [added] 55.3% for the three months ended March 31, [added] 2026, compared with [added] 55.4% for the three months ended March 31, [added] 2025. The decrease in gross margin was mainly driven by [added] higher warranty expenses as a percentage of revenue, partially offset by [added] lower manufacturing overhead costs as a percentage of revenue.

Cite this change

"The decrease in gross margin was mainly driven by higher warranty expenses as a percentage of revenue, partially offset by lower manufacturing overhead costs as a percentage of revenue."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

04ChangedPart I, Item 2 › Revenue

Summary · quote-checked

Revenue trends, market rankings, and stated drivers changed across nearly all end markets, including reversals from increases to decreases in storage and consumer revenue.

The MD&A changes more than periods and figures: revenue directions and drivers changed, including storage and consumer declines, enterprise growth, and different product explanations.

Why the model ranked it here

Revenue growth and decline patterns and their drivers shifted across major end markets, changing the company’s operating trajectory.

Filing text · FY2025 10-Q · filed May 5, 2025

~~[removed] For the three months ended March 31, 2025, revenue from the storage and computing market increased $82.4~~ million, or ~~[removed] 77.6%,~~ from the same period in ~~[removed] 2024.~~ This increase was primarily due to higher sales of ~~[removed] storage applications and products for notebooks. Revenue from the automotive market increased $57.8 million, or 66.4%,~~ from the [removed] same period in 2024. This increase was primarily due to higher sales of applications supporting advanced driver assistance systems, infotainment and USB connectors. Revenue from the enterprise data market decreased $16.8 million, or ~~[removed] 11.2%,~~ from the same period in ~~[removed] 2024. This decrease was~~ primarily due to ~~[removed] lower~~ sales of ~~[removed] our power management~~ solutions for ~~[removed] AI applications,~~ partially offset by ~~[removed] higher~~ sales of ~~[removed] our cloud-based and on-premises CPU server and workstation applications. Revenue from the communications market increased $25.0~~ million, or ~~[removed] 53.7%,~~ from the same period in ~~[removed] 2024. This increase was primarily driven by~~ higher sales of power solutions for optical modules and ~~[removed] routers. Revenue from the consumer market increased $18.9~~ million, or ~~[removed] 49.6%,~~ from the same period in ~~[removed] 2024. This increase was primarily driven by higher sales in home appliances and smart TVs. Revenue~~ from the industrial market increased ~~[removed] $12.4~~ million, or ~~[removed] 40.9%,~~ from the same period in ~~[removed] 2024. This increase was broad-based and primarily due to higher sales for power sources.~~

Filing text · FY2026 10-Q · filed May 4, 2026

[added] By end market, first quarter 2026 revenue for enterprise data increased $129.9 million, or [added] 97.7%, from the same period in [added] 2025. This increase was primarily due to higher sales of [added] power solutions for artificial intelligence ("AI") and server applications. Revenue from the [added] storage and computing market of $174.4 million decreased $14.1 million, or [added] 7.5%, from the same period in [added] 2025 primarily due to [added] decreased sales of [added] power solutions for [added] notebooks and graphics cards, partially offset by [added] increased sales of [added] memory and storage applications. First quarter 2026 automotive revenue of $152.3 million increased $7.4 million, or [added] 5.1%, from the same period in [added] 2025. Communications revenue of $111.5 million increased $39.8 million, or 55.5%, from the same period in 2025 due to higher sales of power solutions for optical modules and [added] switches. First quarter 2026 consumer revenue decreased $2.4 million, or [added] 4.2%, from the same period in [added] 2025. Revenue of $48.6 million from the industrial market increased [added] $6.0 million, or [added] 14.2%, from the same period in [added] 2025.

Cite this change

"By end market, first quarter 2026 revenue for enterprise data increased $129.9 million, or 97.7%, from the same period in 2025."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

05ChangedPart I, Item 2 › Cash Requirements

Summary · quote-checked

Future unconditional purchase commitments increased, the prepayment deduction was removed, and the amount due within a year changed.

The paragraph changes stated purchase-commitment obligations and near-term amounts, while removing the prepayment adjustment; these affect the disclosed exposure and cash requirements.

Why the model ranked it here

Purchase commitments increased and more of the obligation is due soon, while the prior prepayment offset disappeared, changing disclosed cash requirements.

Filing text · FY2025 10-Q · filed May 5, 2025

As of March 31, ~~[removed] 2025,~~ total estimated future unconditional purchase commitments to all suppliers and other ~~[removed] parties, net of the $60.0 million prepayment, were $546.5~~ million, of which ~~[removed] $497.7~~ million was due within a year.

Filing text · FY2026 10-Q · filed May 4, 2026

As of March 31, [added] 2026, total estimated future unconditional purchase commitments to all suppliers and other [added] parties were $588.7 million, of which [added] $557.5 million was due within a year.

Cite this change

"As of March 31, 2026, total estimated future unconditional purchase commitments to all suppliers and other parties were $588.7 million, of which $557.5 million was due within a year."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001437749-26-014647, filed 4 May 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774926014647/mpwr20260331_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001437749-26-014647?ref=quote

Show all 25 in Part I, Item 2 (20 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

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