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Monolithic Power Systems: What Is Driving Its Explosive 85% Enterprise Data Growth Outlook?

Monolithic Power Systems, Inc. reported a record quarterly revenue of $804 million for the first quarter of 2026, marking a 7% increase sequentially and a 26% increase year-over-year. The growth was attributed to innovation, consistent execution, and a diversified market strategy. Key end markets demonstrated mixed but generally positive momentum. The Communications segment grew 33% sequentially, driven by power solutions for optical modules and switches, while the Enterprise Data segment—including servers—continued to accelerate with multiple new project wins and an increased backlog. The company remains cautiously optimistic on notebook-related storage despite stronger demand in data center storage, including HDD and SSD components. Automotive was generally stable with expected ramp in the latter half of the year. Manufacturing capacity surpassed the initial $4 billion target, with plans to expand to $6 billion driven by increased demand and new design wins.