Fall 2026
Posted on 8/20/2026
Fabless semiconductor designer of power solutions
$37 - $40/hr
San Jose, CA, USA
In Person
Bachelor's
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Monolithic Power Systems designs and sells high-performance power management solutions and analog integrated circuits (ICs) for a variety of markets, including industrial, telecom, cloud computing, automotive, and consumer electronics. It operates as a fabless company, outsourcing semiconductor manufacturing to third-party foundries. Its products are compact, highly integrated power-management ICs that help end systems reduce energy consumption and improve efficiency. MPS primarily sells directly to OEMs and ODMs and through distributors and resellers. By focusing on proprietary process technology and design, MPS differentiates itself via efficient, easy-to-use power solutions that enable customers to lower total system power. The company’s goal is to provide reliable, energy-efficient power management components that enable customers to improve performance while minimizing power usage across diverse applications.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
West Palm Beach, Florida
Founded
1997
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Employee Stock Purchase Plan
Paid Holidays
Paid Vacation
Robert W. Dean, interim CFO of Monolithic Power Systems, sold 105 shares of common stock for $141,148 on 5 August 2026, according to an SEC Form 4 filing. The shares were sold at $1,344.27 each, slightly below the day's closing price of $1,345.46. The transaction is minimal relative to the company's $68.9 billion market capitalisation. Following the sale, Dean retains 7,132 shares held directly and 65 shares held indirectly through an entity called Parent & Daughter. Monolithic Power Systems designs and markets semiconductor power management solutions, including DC-to-DC integrated circuits. The company reported trailing-twelve-month revenue of $3.3 billion and net income of $801.9 million. Total insider ownership across the firm now stands at 0.0146 per cent.
Monolithic Power Systems raised its 2026 Enterprise Data growth forecast to 130% from 85%, driven by surging AI and server demand. The company's Enterprise Data revenue jumped 164.3% year-over-year to $380.6 million in Q2, representing 38.8% of total revenues. Growth stemmed from existing and new customers, higher module content, and CPU server demand. Book-to-bill ratios remained well above one, providing visibility beyond one quarter. Communications revenue rose 78.3% year-over-year to $131.5 million, boosted by optical modules and switches. The company received initial orders for DDR5 memory components and began sampling high-voltage products for 800-volt data centre architectures. Monolithic is expanding capacity beyond $6 billion to support future growth, adding front-end and back-end partners whilst pursuing geographic supply chain diversification.
Monolithic Power Systems reported record second-quarter revenue of $981 million, up 22% sequentially and 48% year-over-year, driven primarily by enterprise data and communications growth. Enterprise data revenue rose 45% from the first quarter. The company raised its full-year growth floor for enterprise data to 130% from the previously expected 85%. Communications revenue increased 80% year-over-year, reflecting demand for optical-module power solutions and switching applications including top-of-rack switches and TPUs. The company received initial orders for DDR5 memory components and began sampling power products for 800-volt data centres. MPS expanded supply plans to support more than $6 billion in revenue. The board added $500 million to its buyback authorisation, bringing the total to $1 billion. Book-to-bill remained well above 1, providing visibility beyond one quarter.
Monolithic Power Systems reported record quarterly revenue of $981 million in Q2 2026, driven by a 45% sequential surge in enterprise data. The company is transitioning from a chip-only supplier to a full-service silicon solution provider, integrating ICs with inductors and capacitors into high-density modules. The firm raised its full-year growth projection for the enterprise data segment from 85% to 130%, citing sustained demand and low channel inventory. It expanded capacity goals beyond $6 billion to support future revenue growth. Monolithic Power authorised an additional $500 million for stock repurchases, bringing total current authorisation to $1 billion. The company is developing in-house Gallium Nitride technology for future high-power applications. In automotive, the firm shipped over 1,500 new sockets year-to-date, focusing on ADAS and battery applications. It projects mid-teens year-over-year growth in automotive revenue for the second half.
Monolithic Power Systems reported record quarterly revenue of $981 million for Q2 2026, marking a 22% increase from Q1 2026 and 48% growth year-over-year. All end markets grew sequentially, with enterprise data expanding 45% due to strong ordering patterns. The company extended its capacity goals beyond $6 billion to support future revenue growth. MPS received initial orders for high-speed DDR5 memory and began sampling high-voltage AC-to-DC products for 800-volt data centre architectures. In the automotive sector, the company shipped products to over 1,500 new sockets this year, expanding its presence in ADAS and other vehicle applications. Vice President of Finance Tony Balow emphasised the company's diversified market strategy and focus on solving customers' challenging problems despite geopolitical and macroeconomic uncertainties.