Monolithic Power posts record $1.202B Q3 revenue on Enterprise Data growth
In brief
- Monolithic Power reported record Q3 2026 revenue of $1.202 billion, its first billion-dollar quarter.
- Q3 revenue rose 63.1% year over year and 22.6% from the prior quarter.
- Enterprise Data revenue hit $506.7 million, up 164.6%, and made up 42.1% of sales.
- Q4 2026 revenue guidance ranges from $1.315 billion to $1.385 billion.
- Monolithic Power is targeting manufacturing capacity for $8 billion in revenue by second-half 2027.
Enterprise Data carries the quarter
Monolithic Power's Enterprise Data segment brought in $506.7 million in Q3, up 164.6% year over year and 33.2% from the previous quarter. It's now 42.1% of total revenue.
That's one segment.
The company supplies chips that deliver power to high-performance computing and enterprise data systems (power management chips convert incoming electricity into the stable voltages processors need). On the bottom line, GAAP net income was $271.1 million, or $5.51 per diluted share, while non-GAAP diluted earnings per share came in at $8.19.
Revenue for the first nine months of 2026 totaled $2.987 billion, up 46.5% from the same period a year earlier. Crypto Briefing said full-year growth running below the Q3 rate shows the business has been accelerating as the year went on.
Guidance and capacity goals
The company guided Q4 2026 revenue to between $1.315 billion and $1.385 billion. It also raised its Enterprise Data expectations and said it now expects the segment to grow at least 150% year over year.
Capacity is the other piece. Monolithic Power said its current manufacturing capacity can support more than $6 billion in annual revenue, and it's targeting capacity for $8 billion by the second half of 2027. The stated longer-term goal is $10 billion. Those are company targets, not booked sales.
The concentration question
How exposed is the business to a few buyers? The first billion-dollar quarter came with a caveat in Crypto Briefing's analysis, which said that with Enterprise Data at 42.1% of revenue and climbing, Monolithic Power is increasingly tied to the spending plans of a relatively narrow set of data center customers.
The company's own guidance, for now, points to a fourth quarter above Q3's record, with the low end of the range sitting at $1.315 billion.
Frequently asked questions
What do Monolithic Power's chips do?
Monolithic Power supplies chips that deliver power to high-performance computing and enterprise data systems. Power management chips convert incoming electricity into the stable voltages that processors need.
What revenue did Monolithic Power guide for Q4 2026?
The company guided Q4 2026 revenue to between $1.315 billion and $1.385 billion. It also said it expects its Enterprise Data segment to grow at least 150% year over year.
