Monolithic Power Systems (MPWR) Operating Expenses (2010 - 2026)
Monolithic Power Systems' (MPWR) quarterly Operating Expenses came in at $203.9 million in Q1 2026, up 10.54% year-on-year from $184.5 million in Q1 2025, and down 4.86% quarter-over-quarter from $214.3 million in Q4 2025.
Monolithic Power Systems (MPWR) Operating Expenses (2010 - 2026) Analysis & Trends
Monolithic Power Systems has disclosed Operating Expenses across 17 years of filings, most recently posting $203.9 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $203.9 million, up 10.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $830.5 million (up 17.14% YoY), and the FY2025 annual result was $811.1 million, up 19.02% from the prior year.
- Operating Expenses came in at $203.9 million for Q1 2026 at Monolithic Power Systems, down from $214.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $214.3 million in Q4 2025 to a low of $122.7 million in Q1 2022.
- The 5-year median for Operating Expenses is $157.0 million (2024), against an average of $162.2 million.
- Across the five-year window, Operating Expenses slipped 7.95% in 2023 and jumped 40.2% in 2024, its largest moves.
- Monolithic Power Systems' Operating Expenses stood at $130.9 million in 2022, then gained by 8.12% to $141.6 million in 2023, then gained by 27.94% to $181.1 million in 2024, then grew by 18.35% to $214.3 million in 2025, then fell by 4.86% to $203.9 million in 2026.
- The last three Operating Expenses figures came in at $203.9 million (Q1 2026), $214.3 million (Q4 2025), and $211.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,119.49 Bn | 5,076.01 Bn | 61.16 Bn | 7.62 Bn |
| 2 | Broadcom | 1,946.04 Bn | 1,926.41 Bn | 15.42 Bn | 4.63 Bn |
| 3 | Micron Technology | 1,288.71 Bn | 1,274.12 Bn | 17.76 Bn | 1.59 Bn |
| 4 | Taiwan Semiconductor Manufacturing | 1,080.21 Bn | 983.26 Bn | 23.77 Bn | 2.97 Bn |
| 5 | Advanced Micro Devices | 879.94 Bn | 867.59 Bn | 5.42 Bn | 3.94 Bn |
| 6 | Intel | 681.83 Bn | 662.64 Bn | 5.35 Bn | 8.48 Bn |
| 7 | Texas Instruments | 293.38 Bn | 288.27 Bn | 2.80 Bn | 991.00 Mn |
| 8 | Marvell Technology | 274.06 Bn | 270.21 Bn | 1.26 Bn | 921.40 Mn |
| 9 | Qualcomm | 241.64 Bn | 231.84 Bn | 4.16 Bn | 8.29 Bn |
| 10 | Monolithic Power Systems | 77.51 Bn | 76.70 Bn | 445.07 Mn | 203.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 203.91 Mn |
| Dec 31, 2025 | 214.33 Mn |
| Sep 30, 2025 | 211.05 Mn |
| Jun 30, 2025 | 201.26 Mn |
| Mar 31, 2025 | 184.47 Mn |
| Dec 31, 2024 | 181.10 Mn |
| Sep 30, 2024 | 179.42 Mn |
| Jun 30, 2024 | 164.04 Mn |
| Mar 31, 2024 | 156.95 Mn |
| Dec 31, 2023 | 141.55 Mn |
| Sep 30, 2023 | 127.98 Mn |
| Jun 30, 2023 | 135.35 Mn |
| Mar 31, 2023 | 134.50 Mn |
| Dec 31, 2022 | 130.92 Mn |
| Sep 30, 2022 | 139.03 Mn |
| Jun 30, 2022 | 129.07 Mn |
| Mar 31, 2022 | 122.75 Mn |
| Dec 31, 2021 | 115.30 Mn |
| Sep 30, 2021 | 109.18 Mn |
| Jun 30, 2021 | 103.59 Mn |