Skip to content

Reports › MPWR › 10-Q FY2026

SEC filings, compared

What changed in Monolithic Power Systems,'s 10-Q for the quarter ended June 30, 2026

Compared with the 10-Q for the quarter ended June 30, 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
0001628280-26-053275 ↗ · filed Aug 5, 2026
Compared with
0001437749-25-024602 ↗ · filed Aug 4, 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

50 material changes among 85 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.

ConceptFY2026FY2025
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax980,642,000USD · Apr 1, 2026 to Jun 30, 2026664,574,000USD · Apr 1, 2025 to Jun 30, 2025
Net income or lossus-gaap:NetIncomeLoss257,298,000USD · Apr 1, 2026 to Jun 30, 2026133,726,000USD · Apr 1, 2025 to Jun 30, 2025
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue1,005,587,000USD · at Jun 30, 2026787,382,000USD · at Jun 30, 2025
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities478,159,000USD · Jan 1, 2026 to Jun 30, 2026494,024,000USD · Jan 1, 2025 to Jun 30, 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: 0001628280-26-053275 · FY2025: 0001437749-25-024602

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

10 material additions

Part I, Item 2 · MD&A

8 of 10 shown · Ordered by the model, quote-checked

01AddedPart I, Item 2

Summary · quote-checked

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

The new bullet identifies a material weakness remediation risk, adding a substantive disclosure about an internal-control obligation or dependency.

Why the model ranked it here

A newly disclosed material weakness remediation risk directly affects the reliability of internal controls and the company’s ability to address a control deficiency.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02AddedPart I, Item 2 › Cash Requirements

Summary · quote-checked

Added disclosure stating that future cash dividends and stock repurchases are discretionary and depend on financial, operating, capital and business factors.

The new paragraph introduces a substantive disclosure about shareholder distributions, Board discretion and conditions governing dividends and repurchases; it is not merely formatting or boilerplate.

Why the model ranked it here

The disclosure clarifies that dividends and repurchases are discretionary and conditional on financial, operating, capital and business considerations.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 2026

[added] The declaration of any future cash dividends and stock repurchases under the stock repurchase program are at the discretion of our Board of Directors and will depend on, among other things, our financial condition, results of operations, capital requirements, business conditions and other factors that our Board of Directors may deem relevant, as well as a determination that cash dividends and stock repurchases under the stock repurchase program are in the best interests of our stockholders.

Cite this change

"The declaration of any future cash dividends and stock repurchases under the stock repurchase program are at the discretion of our Board of Directors and will depend on, among other things, our financial condition, results of operations, capital requirements, business conditions and other factors that our Board of Directors may deem relevant, as well as a determination that cash dividends and stock repurchases under the stock repurchase program are in the best interests of our stockholders."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03AddedPart I, Item 2 › Overview

Summary · quote-checked

Added disclosure that third parties manufacture, assemble and test the company’s ICs, limiting capital expenditures and fixed costs.

The paragraph introduces a third-party manufacturing dependency and explains its effects on capital expenditures, fixed costs and resource allocation.

Why the model ranked it here

The company’s reliance on third parties to manufacture, assemble and test its integrated circuits is a significant operational dependency affecting costs and capital allocation.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 2026

[added] We work with third parties to manufacture, assemble and test our ICs. This has enabled us to limit our capital expenditures and fixed costs, while focusing our engineering and design resources on our core strengths.

Cite this change

"We work with third parties to manufacture, assemble and test our ICs."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04AddedPart I, Item 2

Summary · quote-checked

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

The new bullet discloses a supply-chain dependency and a risk-mitigation objective involving trade and tariffs, changing the substance of the filing.

Why the model ranked it here

The new disclosure identifies supply-chain expansion and diversification as necessary to support growth and reduce trade- and tariff-related exposure.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05AddedPart I, Item 2

Summary · quote-checked

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

The new disclosure introduces a forward-looking resource commitment and expected expense increase, changing the company’s stated outlook and spending obligations.

Why the model ranked it here

The stated intention to continue substantial research and development spending signals an ongoing resource commitment and associated expense burden.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

06AddedPart I, Item 2

Summary · quote-checked

Added a disclosure about forecasting demand accurately and aligning inventory levels accordingly.

The new bullet identifies inventory management and demand-forecasting capability as a business dependency, adding substantive disclosure rather than merely rephrasing existing text.

Why the model ranked it here

The company now identifies accurate demand forecasting and inventory alignment as dependencies affecting operating execution and inventory exposure.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

07AddedPart I, Item 2

Summary · quote-checked

Adds discussion of how changes in laws or economic policies in China or the U.S. affect the company.

The new bullet introduces a previously undisclosed geographic and policy-related factor affecting results or financial condition, rather than merely updating wording or formatting.

Why the model ranked it here

The added disclosure introduces sensitivity to changes in laws and economic policies in China and the United States.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 2026

[added] • the effect of changes in laws or economic policies in China or the U.S.;

Cite this change

"• the effect of changes in laws or economic policies in China or the U.S.;"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

08AddedPart I, Item 2

Summary · quote-checked

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

The new bullet identifies personnel recruitment and retention as a business dependency, adding a substantive risk disclosure rather than boilerplate.

Why the model ranked it here

The company now identifies recruiting and retaining application and design engineers as a dependency for its operations and capabilities.

Filing text · FY2025 10-Q · filed Aug 4, 2025

No corresponding language in the FY2025 10-Q.

Filing text · FY2026 10-Q · filed Aug 5, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 10 in Part I, Item 2 (2 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 remaining prepayments was removed.

Removing this paragraph eliminates disclosure of a manufacturing-capacity dependency and related prepayment balance, which is a substantive change in obligations and commitments.

Why the model ranked it here

This removes disclosure of a long-term supplier dependency and related prepayments, changing how readers assess manufacturing capacity commitments.

Filing text · FY2025 10-Q · filed Aug 4, 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 June 30, 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 Aug 5, 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."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-024602, filed 4 August 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925024602/mpwr20250630_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02RemovedPart I, Item 2 › Cash Requirements

Summary · quote-checked

The disclosure of operating lease obligations and the portion due short-term was removed.

A dropped statement about lease obligations removes disclosure of an existing obligation and its short-term component, which is substantive under the materiality rules.

Why the model ranked it here

This removes disclosure of existing lease obligations and their near-term component, obscuring a material contractual commitment.

Filing text · FY2025 10-Q · filed Aug 4, 2025

[removed] Operating lease obligations represent the undiscounted remaining lease payments primarily for our leased facilities. As of June 30, 2025, these obligations totaled $19.9 million, of which $4.0 million was short-term.

Filing text · FY2026 10-Q · filed Aug 5, 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 June 30, 2025, these obligations totaled $19.9 million, of which $4.0 million was short-term."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-024602, filed 4 August 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925024602/mpwr20250630_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03RemovedPart I, Item 2 › Income Tax Expense

Summary · quote-checked

Removed the paragraph disclosing income tax expense, effective tax rates, and the factors affecting those rates.

The paragraph’s removal eliminates substantive MD&A disclosure about tax expense, effective tax rates, foreign subsidiary rates, stock-based compensation benefits, and GILTI tax.

Why the model ranked it here

This eliminates the explanation of income tax expense and the factors driving effective tax rates, making profitability analysis less complete.

Filing text · FY2025 10-Q · filed Aug 4, 2025

[removed] The income tax expense for the three months ended June 30, 2024 was $23.7 million, or 19.1% of pre-tax income. The income tax expense for the six months ended June 30, 2024 was $36.2 million, or 15.8% of pre-tax income. The effective tax rates were lower than the federal statutory rate of 21% primarily due to lower statutory tax rates at certain of our foreign subsidiaries, and excess tax benefits from stock-based compensation. The lower effective tax rates relative to the federal statutory rate were partially offset by the inclusion of the GILTI tax.

Filing text · FY2026 10-Q · filed Aug 5, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"The income tax expense for the three months ended June 30, 2024 was $23.7 million, or 19.1% of pre-tax income. The income tax expense for the six months ended June 30, 2024 was $36.2 million, or 15.8% of pre-tax income. The effective tax rates were lower than the federal statutory rate of 21% primarily due to lower statutory tax rates at certain of our foreign subsidiaries, and excess tax benefits from stock-based compensation. The lower effective tax rates relative to the federal statutory rate were partially offset by the inclusion of the GILTI tax."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-024602, filed 4 August 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925024602/mpwr20250630_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04RemovedPart I, Item 2

Summary · quote-checked

The current filing removes disclosure about seasonality’s effects on the business and factors that may influence seasonal patterns.

The removed bullet addressed a business condition affecting operating results, not merely formatting, dates, or recurring-list wording; its omission changes the disclosed analysis.

Why the model ranked it here

This removes discussion of seasonality and its operating drivers, changing the disclosed context for fluctuations in results.

Filing text · FY2025 10-Q · filed Aug 4, 2025

[removed] • | the effect of seasonality on our business and the factors that can impact seasonality;

Filing text · FY2026 10-Q · filed Aug 5, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"• | the effect of seasonality on our business and the factors that can impact seasonality;"

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-024602, filed 4 August 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925024602/mpwr20250630_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05RemovedPart I, Item 2 › Income Tax Expense

Summary · quote-checked

The current filing removes disclosure about evaluating the effects of the H.R.1 Act and its tax-law changes on consolidated financial statements.

A legislative development and the company’s ongoing evaluation of its potential financial-statement impact are no longer disclosed, changing the substance of tax-related reporting.

Why the model ranked it here

This removes disclosure about evaluating significant tax-law changes and their potential financial-statement effects.

Filing text · FY2025 10-Q · filed Aug 4, 2025

[removed] The recent H.R.1 Act that was signed into law on July 4, 2025 introduces significant provisions, including tax cut extensions and modifications to the existing tax framework. We are currently evaluating and will continue to evaluate the impact of these legislative changes on our consolidated financial statements as additional guidance becomes available.

Filing text · FY2026 10-Q · filed Aug 5, 2026

No corresponding language in the FY2026 10-Q.

Cite this change

"The recent H.R.1 Act that was signed into law on July 4, 2025 introduces significant provisions, including tax cut extensions and modifications to the existing tax framework."

Monolithic Power Systems,, Form 10-Q for FY2025, Part I, Item 2, accession 0001437749-25-024602, filed 4 August 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000143774925024602/mpwr20250630_10q.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

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.

33 material changes

Part I, Item 2 · MD&A

5 of 33 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Cash Requirements

Summary · quote-checked

The stated liquidity sufficiency horizon narrowed from the next 12 months and beyond to the next 12 months.

Removing “and beyond” changes management’s stated liquidity outlook. The cash balance and date roll forward are otherwise calendar-related, but the horizon change is substantive.

Why the model ranked it here

The stated liquidity sufficiency horizon narrowed, making the company’s disclosed ability to fund requirements less expansive.

Filing text · FY2025 10-Q · filed Aug 4, 2025

Although consequences of economic uncertainties and macroeconomic conditions, including tariffs and retaliatory measures and announcements regarding same, 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] $1,146.1 million as of June 30, [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 Aug 5, 2026

Although consequences of economic uncertainties and macroeconomic conditions, including tariffs and retaliatory measures and announcements regarding [added] the same, and [added] 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] $1,413.8 million as of June 30, [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 $1,413.8 million as of June 30, 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 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

02Figures updatedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

The six-month cash-flow table now reports a net decrease in cash for 2026 instead of a net increase for 2025.

Although the table rolls forward to a new period, the net cash position reverses from an increase to a decrease, changing the stated liquidity outcome.

Why the model ranked it here

Cash, cash equivalents and restricted cash shifted from a net increase to a net decrease, materially changing the reported liquidity outcome.

Filing text · FY2025 10-Q · filed Aug 4, 2025
Six Months Ended June 30,[removed] 2025 | 2024(In thousands)Net cash provided by operating activities | $ | [removed] 494,024 | $ | [removed] 389,026Net cash used in investing activities | [removed] (273,283 | ) | (269,366 | )Net cash used in financing activities | [removed] (135,327 | ) | (123,638 | )Effect of change in exchange rates | [removed] 10,169 | (6,603 | )Net increase (decrease) in cash, cash equivalents and restricted cash | $ | [removed] 95,583 | $ | [removed] (10,581 | )
Filing text · FY2026 10-Q · filed Aug 5, 2026
[added] |Six Months Ended June 30,[added] 2026 | 2025(In thousands)Net cash provided by operating activities | $ | [added] 478,159 | $ | [added] 494,024Net cash used in investing activities | [added] (396,857) | (273,283)Net cash used in financing activities | [added] (178,611) | (135,327)Effect of change in exchange rates | [added] 3,591 | 10,169Net increase (decrease) in cash, cash equivalents and restricted cash | $ | [added] (93,718) | $ | [added] 95,583
Cite this change

"Net increase (decrease) in cash, cash equivalents and restricted cash | $ | (93,718) | $ | 95,583"

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

03ChangedPart I, Item 2 › Liquidity and Capital Resources

Summary · quote-checked

Operating cash flow changed from a $105.0 million increase driven by collections and inventory effects to a $15.9 million decrease driven by working capital needs.

The direction of cash-flow change reversed, and the stated drivers changed from specific working-capital components to an overall increase in working capital needs.

Why the model ranked it here

Operating cash flow reversed from growth to decline and was attributed to increased working capital needs.

Filing text · FY2025 10-Q · filed Aug 4, 2025

For the six months ended June 30, [removed] 2025, the $105.0 million increase in net cash provided by operating [removed] activities compared to the same period in [removed] 2024 was primarily due to [removed] increased accounts receivable collections, partially offset by increased inventory purchases and changes in other working capital.

Filing text · FY2026 10-Q · filed Aug 5, 2026

For the six months ended June 30, [added] 2026, the $15.9 million decrease in net cash provided by operating [added] activities, compared to the same period in [added] 2025, was primarily due to [added] an overall increase in working capital needs.

Cite this change

"For the six months ended June 30, 2026, the $15.9 million decrease in net cash provided by operating activities, compared to the same period in 2025, was primarily due to an overall increase in working capital needs."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

04ChangedPart I, Item 2 › Cash Requirements

Summary · quote-checked

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

The disclosure changes the stated commitment exposure and near-term obligation, while removing the prepayment adjustment; these are substantive liquidity and commitment changes, not merely annual roll-forward figures.

Why the model ranked it here

Unconditional purchase commitments and the portion due within a year increased, signaling greater near-term liquidity obligations.

Filing text · FY2025 10-Q · filed Aug 4, 2025

As of June 30, [removed] 2025, total estimated future unconditional purchase commitments to all suppliers and other [removed] parties, net of the $60.0 million prepayment, were $449.0 million, of which [removed] $397.2 million was due within a year.

Filing text · FY2026 10-Q · filed Aug 5, 2026

As of June 30, [added] 2026, total estimated future unconditional purchase commitments to all suppliers and other [added] parties were $571.0 million, of which [added] $542.1 million was due within a year.

Cite this change

"As of June 30, 2026, total estimated future unconditional purchase commitments to all suppliers and other parties were $571.0 million, of which $542.1 million was due within a year."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

05ChangedPart I, Item 2 › Overview

Summary · quote-checked

The disclosure narrows the Asia revenue concentration to direct customers, updates percentages, and adds stated dependencies for achieving revenue growth.

Beyond period and figure updates, the paragraph adds substantive dependencies involving products, markets, market share, litigation, customer diversification, and manufacturing capacity.

Why the model ranked it here

The disclosure continues to show heavy Asia direct-customer concentration while adding multiple dependencies required to achieve revenue growth.

Filing text · FY2025 10-Q · filed Aug 4, 2025

We derive most of our revenue from sales through distribution arrangements and direct sales to customers in Asia, where our products are incorporated into end-user products. Our revenue from sales to customers in Asia was 93% of our total revenue for [removed] each of the three [removed] and six months ended June 30, [removed] 2025 and 2024.

Filing text · FY2026 10-Q · filed Aug 5, 2026

We derive most of our revenue from sales through distribution arrangements and direct sales to customers in Asia, where our products are incorporated into end-user products. Our revenue from sales to [added] direct customers in Asia was [added] 94% and 93% of our total revenue for the three [added] months ended June 30, 2026 and 2025, respectively. Our revenue from sales to direct customers in Asia was 93% of our total revenue for each of the six months ended June 30, [added] 2026 and 2025. We believe our ability to achieve revenue growth will depend, in part, on our ability to develop new products, enter new markets, gain market share, manage litigation risk, diversify our customer base and continue to secure manufacturing capacity.

Cite this change

"Our revenue from sales to direct customers in Asia was 94% and 93% of our total revenue for the three months ended June 30, 2026 and 2025, respectively. Our revenue from sales to direct customers in Asia was 93% of our total revenue for each of the six months ended June 30, 2026 and 2025. We believe our ability to achieve revenue growth will depend, in part, on our ability to develop new products, enter new markets, gain market share, manage litigation risk, diversify our customer base and continue to secure manufacturing capacity."

Monolithic Power Systems,, Form 10-Q for FY2026, Part I, Item 2, accession 0001628280-26-053275, filed 5 August 2026.

Filing: https://www.sec.gov/Archives/edgar/data/1280452/000162828026053275/mpwr-20260630.htm

Comparison: https://yearover.com/reports/mpwr/0001628280-26-053275?ref=quote

Summaries are written by a model and checked against the quoted text. The quotes are the record.

Show all 33 in Part I, Item 2 (28 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

Get this when MPWR files next

At most one email a day, and only when a company we cover files. Over the last twelve months that averaged about 5 days a month, unevenly: 12 in the busiest month and 1 in the quietest. You confirm by email first; nothing is sent until you do.

We store your email address. Nothing else. Privacy.