Is Monolithic Power Systems, Inc. (NASDAQ:MPWR) a buy in 2026?
Hold. Monolithic Power Systems, Inc. is a wait-and-watch at today's price, not a fresh buy.
Best-in-class power IC franchise riding the AI wave, but the price already assumes flawless execution through 2028.
Where MPWR is headed
MPS has spent two decades building something rare in analog power: a fabless model with proprietary process technology at TSMC, a broad catalog across every voltage domain a modern data center needs, and a design-in culture that gets its parts locked into sockets years before revenue shows up. That patience is finally paying. Data center is now the growth engine, running at roughly a $2B annualized clip and pulling group revenue toward $4.5B in FY26 versus $2.2B in FY24. Gross margin sits at 55% with room to drift higher as AI-server power management IC content moves from single-digit dollars per socket to well over $200 on GB200/GB300-class boards.
Read the full Compass Direction on MPWR
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $1328.80).
See the full MPWR analysisGet calls like this, free
Join the Alexandria e-letter for forward-looking verdicts, earnings intelligence, and the contrarian reads the crowd misses. Twice a week, no noise.
Free forever. Unsubscribe anytime. We never share your email.
Frequently asked questions
Is Monolithic Power Systems, Inc. (NASDAQ:MPWR) a buy in 2026?
Hold. Monolithic Power Systems, Inc. is a wait-and-watch at today's price, not a fresh buy. Best-in-class power IC franchise riding the AI wave, but the price already assumes flawless execution through 2028.
What is MPWR's Compass Score?
Monolithic Power Systems, Inc. scores 75/100 on Alexandria's Compass, placing it in the "Favorable" tier. Scores blend eight factors and update weekly.
What is the price target for MPWR?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the MPWR page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.