Monolithic Power Systems, Inc. (MPWR) SEC Filings & Earnings Calls

Tariff exposure on supply chain

“We believe that our diverse, agile and resilient supply chain is structured in a way to minimize the impact of tariffs; however, such restrictions or requirements can be enacted quickly and unexpectedly and could impact our business in the future.” · word for word

Customer concentration in Asia

“Our revenue from sales to direct customers in Asia was 94% and 93% of our total revenue for the three months ended June 30, 2026 and 2025, respectively.” · word for word

Geopolitical and macro uncertainty could impact demand; company acknowledges fluid environment

“We continue to adjust to the fluid geopolitical and macro-economic environment” · word for word

Consumer end market declining YoY (-4.8%) may indicate softness in that segment

“Consumer revenue down 4.8% year over year”

Tariff and Trade Regulation Risk

“To the extent tariffs, trade regulations or retaliatory measures or announcements regarding the same that affect us are implemented, we will seek to take mitigating actions in the near- and medium-term, as necessary, but there can be no assurance we will be successful.” · word for word

Asia Revenue Concentration

“Our revenue from sales to customers in Asia was 92% and 94% of our total revenue for the three months ended March 31, 2026 and 2025, respectively.” · word for word

Geopolitical and macro uncertainty

“We continue to adjust to the fluid geopolitical and macro-economic environment” · word for word

Restatement risk

“In February 2026, we restated our 2024 consolidated financial statements and 2025 quarterly condensed consolidated financial statements in our 2025 Annual Report.” · word for word

Geopolitical risk

“We continued to demonstrate strong diversification in our product offerings and our ability to swiftly adapt to all aspects of our business in the uncertain geopolitical and macroeconomic environment.” · word for word

Tax Accounting Restatement

“We restated our audited consolidated financial statements for the fiscal year ended December 31, 2024 and our unaudited condensed consolidated financial statements for the quarterly periods ended March 31, 2025, June 30, 2025 and September 30, 2025 after we determined that we had not appropriately accounted for deferred income taxes associated with a one-tim” · word for word

Pillar Two Global Minimum Tax

“The Organization for Economic Co-operation and Development (OECD) has created the framework of a global minimum tax of 15% under the Pillar Two framework.” · word for word

Restatement due to deferred tax accounting error; non-cash but may impact investor confidence.

“Non-reliance on previously issued financial statements; $195M adjustment to deferred taxes.” · word for word

CFO transition risk; interim CFO may lack long-term strategic continuity.

“CFO retiring; interim CFO appointed.”

Tariff and trade policy uncertainty

“We remain cautious in light of continued challenging macroeconomic conditions... To the extent tariffs, trade regulations or retaliatory measures... that affect us are implemented, we will seek to take mitigating actions.” · word for word

Geographic concentration in Asia

“Our revenue from sales to customers in Asia was 91% and 94% of our total revenue for the three months ended September 30, 2025 and 2024, respectively.” · word for word

Gross margin slight decline; operating expense growth outpacing revenue growth.

“GAAP operating expenses were $211.0 million for the quarter ended September 30, 2025, compared with $179.4 million for the quarter ended September 30, 2024.” · word for word