Monolithic Power Systems (MPWR) Research & Development (2009 - 2026)
Monolithic Power Systems' Research & Development came in at $140.58 million for Q3 2026, up 43.2% from $98.17 million a year earlier and up 18.5% from the prior quarter.
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Analysis
Monolithic Power Systems (MPWR) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Monolithic Power Systems reported Research & Development of $455.36 million, up 22.3% year-over-year; for FY2025, it was $382.26 million, up 17.7% from FY2024.
- Research & Development has increased in each of the last 16 years, with a five-year compound annual growth rate of 22.7% (FY2020 to FY2025).
- Going back by year, Research & Development was $324.75 million in FY2024 (+23.2%), $263.64 million in FY2023 (+9.8%), $240.17 million in FY2022 (+26.0%) and $190.63 million in FY2021 (+38.5%).
- The Q3 2026 figure represents the highest quarterly Research & Development in data going back to Q2 2010.
- Year-over-year, Research & Development has increased for 12 consecutive quarters, with growth averaging 20.9% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q3 2026 (growth of 43.2%), and the weakest in Q3 2023 (a decline of 3.7%).
- Business Quant data shows MPWR's Research & Development at $118.62 million (Q2 2026), $100.57 million (Q1 2026) and $95.6 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | SK hynix | 24,980.27 Bn | 24,964.04 Bn | 43.99 Bn | - |
| 2 | Taiwan Semiconductor Manufacturing | 10,337.48 Bn | 9,919.73 Bn | 31.04 Bn | 2.78 Bn |
| 3 | Nvidia | 3,939.34 Bn | 3,713.50 Bn | 72.14 Bn | 7.05 Bn |
| 4 | Broadcom | 1,653.85 Bn | 1,579.89 Bn | 20.46 Bn | 2.90 Bn |
| 5 | Micron Technology | 880.27 Bn | 785.91 Bn | 47.05 Bn | 1.91 Bn |
| 6 | Advanced Micro Devices | 875.86 Bn | 824.07 Bn | 7.21 Bn | 2.80 Bn |
| 7 | Asml Holding | 576.26 Bn | 531.95 Bn | 5.90 Bn | - |
| 8 | Intel | 316.79 Bn | 179.50 Bn | 7.10 Bn | 3.49 Bn |
| 9 | Applied Materials | 294.03 Bn | 294.03 Bn | 5.25 Bn | 1.13 Bn |
| 10 | Monolithic Power Systems | 67.85 Bn | 62.72 Bn | 665.54 Mn | 140.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 140.58 Mn |
| Jun 30, 2026 | 118.62 Mn |
| Mar 31, 2026 | 100.57 Mn |
| Dec 31, 2025 | 95.60 Mn |
| Sep 30, 2025 | 98.17 Mn |
| Jun 30, 2025 | 96.27 Mn |
| Mar 31, 2025 | 92.23 Mn |
| Dec 31, 2024 | 85.76 Mn |
| Sep 30, 2024 | 85.05 Mn |
| Jun 30, 2024 | 77.95 Mn |
| Mar 31, 2024 | 75.99 Mn |
| Dec 31, 2023 | 71.46 Mn |
| Sep 30, 2023 | 64.79 Mn |
| Jun 30, 2023 | 63.69 Mn |
| Mar 31, 2023 | 63.71 Mn |
| Dec 31, 2022 | 61.67 Mn |
| Sep 30, 2022 | 67.26 Mn |
| Jun 30, 2022 | 57.13 Mn |
| Mar 31, 2022 | 54.10 Mn |
| Dec 31, 2021 | 54.51 Mn |
API Access
Monolithic Power Systems Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MPWR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MPWR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MPWR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();