New York, Feb 6, 2026, 20:38 (EST) — The market has closed.
Monolithic Power Systems Inc finished Friday up 6.4% at $1,229.82. Shares climbed as high as $1,250 during the session, with investors shifting positions ahead of the U.S. market holiday and the next week’s open.
Shares of the Nasdaq-listed power-chip maker jumped to a new 52-week high, trading briskly. MPWR beat out analog and mixed-signal rivals including Texas Instruments and Analog Devices on a day when investors loaded up on risk. MarketWatch
MPS posted fourth-quarter revenue of $751.2 million, with non-GAAP earnings at $4.79 per diluted share—this figure excludes items like stock-based compensation. The company bumped its quarterly cash dividend to $2.00 a share, up from $1.56. Looking ahead, MPS projected March-quarter revenue in the $770 million to $790 million range, and set its non-GAAP gross margin guidance at 55.2% to 55.8%. SEC
MPS reported a 21.9% jump in enterprise data revenue from the previous quarter, reaching $233.5 million, as AI and server-related power management sales picked up. The company flagged a bigger roster of data-center customers and said it secured over $4 billion in “geographically balanced” capacity. It’s also begun sampling an 800-volt power product for data centers. Operating cash flow slid to $104.9 million, while inventories increased to $564.6 million, pushing days of inventory up to 153. SEC
MPS announced a shake-up in its finance team: CFO Bernie Blegen is set to retire, with corporate controller Rob Dean stepping in as interim CFO. “In his ten years as CFO, MPS has grown consistently at an above-market growth rate,” CEO Michael Hsing said. SEC
Still, there’s not much cushion here. Should cloud hardware or auto demand lose steam quicker than forecasts, or if margins slip past the targets the company set, the stock’s gains could reverse in a hurry.
Needham boosted its price target on the stock to $1,300, up from $1,250, following earnings, pointing to data-center growth, according to Investing.com. Investing.com
U.S. markets are closed for the weekend, so traders will be watching closely when trading fires up again Monday, with attention fixed on the company’s annual Form 10-K filing—that document is expected to clarify when the CFO transition will happen. Eyes are also on March 31, which is set as the record date for the increased dividend. SEC
