{"slug":"monolithic-power","name":"Monolithic Power","name_en":"Monolithic Power","ticker":"MPWR","updated_at":"2026-07-12T04:00:46.360533+00:00","canonical":"https://valuechain.wiki/monolithic-power","same_as":["https://finance.yahoo.com/quote/MPWR","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1280452"],"citable":"밸류체인 그래프 기준 Monolithic Power의 직접 연결 기업은 2곳(관계 기준 공급 0·매출 2)이고, 사슬을 2차까지 넓히면 38곳에 닿는다. 링크의 근거 출처는 6건이며 그중 1차공시가 2건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Monolithic Power is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 38 companies within two hops; the links are backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).","kicker":"S&P 500 · 전력반도체 · GPU 보드 VRM","kicker_en":"S&P 500 · Power semis · GPU board VRM","lead":"고성능 전력관리 반도체(DC-DC·VRM) 설계사(팹리스). 엔비디아 H100·블랙웰 GPU 보드의 저지연 전력공급에 채택돼, 2025년 4분기 데이터센터가 매출의 41%(전년 28%). 2025년 매출 $28억(+27%). RF·모터·배터리 등 다양한 전력 IC도 공급.","lead_en":"A fabless designer of high-performance power-management chips (DC-DC, VRM). Specified for low-latency power on NVIDIA H100/Blackwell GPU boards, lifting datacenter to 41% of Q4 2025 revenue (from 28%). 2025 revenue $2.8B (+27%). Also supplies power ICs for RF, motor and battery uses.","segments":{"fy":2025,"parts":[{"name":"데이터센터 전력(VRM)"},{"name":"전장·산업·통신 전력 IC"}],"total":"2025 매출 $2.8B (+27%)","concentration":"데이터센터 Q4 매출 41%. 엔비디아 GPU 보드 채택."},"segments_en":{"fy":2025,"parts":[{"name":"Datacenter power (VRM)"},{"name":"Auto/industrial/comms power ICs"}],"total":"2025 revenue $2.8B (+27%)","concentration":"Datacenter 41% of Q4; specified on NVIDIA GPU boards."},"returns_yearly":{"2021":35.5,"2022":-27.8,"2023":79.8,"2024":-5.6,"2025":54.5,"2026":49.8},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"nebius","name":"Nebius","name_en":"Nebius Group","tier":3,"returns_yearly":{"2025":202.2,"2026":162.4}},{"slug":"datadog","name":"Datadog","name_en":"Datadog","tier":3,"returns_yearly":{"2021":80.9,"2022":-58.7,"2023":65.1,"2024":17.7,"2025":-4.8,"2026":89.4}},{"slug":"palo-alto-networks","name":"팔로알토 네트웍스","name_en":"Palo Alto 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뛰었다. 팹리스 설계 강점과 다각화(자동차·산업·통신 전력 IC)가 데이터센터 사이클의 완충이자 2025년 매출 +27%의 바탕이다. 리스크는 가속기 물량 변동과 인피니언·비쉐이 등과의 소켓 경쟁. 그래프 파급: 엔비디아·AMD 가속기 출하가 수요를 직접 끌고, 팹리스라 파운드리·후공정 캐파에 생산이 의존한다.","analysis_en":"MPS's thesis is content leverage on rising GPU power density. Higher-performance GPUs need low-latency, high-current delivery, growing per-board VRM content — adopted on NVIDIA H100/Blackwell and AMD MI300, its datacenter mix jumped from 28% to 41% (Q4'25) in a year. Fabless-design strength and diversification (auto, industrial, comms power ICs) buffer the datacenter cycle and underpin 2025 revenue +27%. Risks are accelerator-volume swings and socket competition with Infineon, Vishay and others. Graph propagation: NVIDIA/AMD accelerator shipments pull demand directly, and as a fabless firm, production depends on foundry/back-end capacity.","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"자동차 전장 (전력관리 IC)","counterparty_slug":null,"confidence":"high","metric":null,"note":"전기차·ADAS용 전력관리 IC를 공급 — 데이터센터와 다른 사이클에 연동돼 실적을 완충하는 핵심 최종시장.","note_en":"Supplies power-management ICs for EVs/ADAS — a core end-market on a different cycle than datacenters, buffering results.","sources":[{"stance":"confirms","publisher":"스톡타이탄","publisher_en":"StockTitan","kind":"filing","lang":"en","published_at":"2025-11-05","url":"https://www.stocktitan.net/sec-filings/MPWR/10-q-monolithic-power-systems-inc-quarterly-earnings-report-9077c3a7e514.html","title":"MPWR 10-Q, quarterly period ended September 30, 2025","title_en":"MPWR 10-Q, quarterly period ended September 30, 2025","excerpt":"MPS는 스토리지·컴퓨팅, 자동차, 엔터프라이즈 데이터, 통신, 소비자, 산업 최종시장을 대상으로 고성능 전력 반도체 솔루션을 설계·판매한다고 명시했다.","excerpt_en":"MPS states it designs and sells high-performance power semiconductor solutions for the storage and computing, automotive, enterprise data, communications, consumer, and industrial end markets."},{"stance":"mentions","publisher":"인베스팅닷컴","publisher_en":"Investing.com (GuruFocus)","kind":"news","lang":"en","published_at":"2025-10-30","url":"https://ca.investing.com/news/company-news/monolithic-power-systems-inc-mpwr-q3-2025-earnings-call-highlights-record-revenue-and--4280195","title":"Monolithic Power Systems (MPWR) Q3 2025 Earnings Call Highlights: Record Revenue","title_en":"Monolithic Power Systems (MPWR) Q3 2025 Earnings Call Highlights: Record Revenue","excerpt":"2025년 3분기 MPS는 자동차를 포함한 모든 최종시장에서 전년 대비 매출이 성장했다.","excerpt_en":"In Q3 2025 MPS grew revenue year over year across all end markets, including automotive."}]},{"direction":"revenue","counterparty":"NVIDIA","counterparty_slug":"nvidia","confidence":"high","metric":null,"note":"엔비디아 H100·블랙웰 GPU 보드의 전력공급(VRM·DC-DC)에 채택 — 고성능 GPU일수록 VRM 콘텐츠가 커지는 구조라, 엔비디아 가속기 출하가 매출의 최대 견인차.","note_en":"Adopted for power delivery (VRM/DC-DC) on NVIDIA H100/Blackwell GPU boards — higher-performance GPUs carry more VRM content, so NVIDIA accelerator shipments are the top revenue driver.","sources":[{"stance":"confirms","publisher":"딥서치","publisher_en":"DeepSearch","kind":"news","lang":"ko","published_at":"2026-01-01","url":"https://invest.deepsearch.com/stock/MPWR/","title":"모놀리식 파워 시스템즈 기업정보·재무","title_en":"Monolithic Power Systems profile/financials","excerpt":"엔비디아 H100·블랙웰 보드에 MPWR 전력 IC 채택, 데이터센터 매출 41%.","excerpt_en":"MPWR power ICs specified on NVIDIA H100/Blackwell boards; datacenter 41% of revenue."},{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/1280452/000143774925024185/ex_815328.htm","title":"Monolithic Power 분기 실적(8-K)","title_en":"Monolithic Power quarterly results (8-K)","excerpt":"엔비디아 H100·블랙웰 보드에 MPWR 전력 IC 채택, 데이터센터 매출 41%.","excerpt_en":"MPWR power ICs specified on NVIDIA H100/Blackwell boards; datacenter 41% of revenue."},{"stance":"confirms","publisher":"세미애널리시스","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-08-01","url":"https://newsletter.semianalysis.com/p/energizing-ai-power-delivery-competition","title":"Energizing AI: Power Delivery Competition","title_en":"Energizing AI: Power Delivery Competition","excerpt":"모놀리식 파워 시스템스(MPS)가 엔비디아 H100 GPU에서 바이코를 밀어내고 전력 공급단을 차지했다. MPS는 GPU 보드의 전압 조정 모듈(VRM)을 공급한다.","excerpt_en":"Monolithic Power Systems supplanted Vicor in Nvidia's H100 GPU, supplying the voltage regulator module (VRM) on the GPU board."}]},{"direction":"revenue","counterparty":"서버·클라우드 (전력 IC)","counterparty_slug":null,"confidence":"mid","metric":{"type":"revenue","unit":"USD","basis":"2025 매출","value":2800000000,"period":"2025","basis_en":"2025 revenue","qualifier":"approx"},"note":"클라우드 서버 전력관리 IC를 공급 — GPU 보드 외 서버 전반의 전력변환 수요로, 데이터센터 콘텐츠를 넓히는 축.","note_en":"Supplies power-management ICs for cloud servers — power-conversion demand across servers beyond GPU boards, broadening datacenter content.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/1280452/000143774925024185/ex_815328.htm","title":"Monolithic Power 분기 실적(8-K)","title_en":"Monolithic Power quarterly results (8-K)","excerpt":"2025 매출 $28억(+27%), 데이터센터 견인.","excerpt_en":"2025 revenue $2.8B (+27%), led by datacenter."},{"stance":"confirms","publisher":"인베스팅닷컴","publisher_en":"Investing.com (GuruFocus)","kind":"news","lang":"en","published_at":"2025-10-30","url":"https://ca.investing.com/news/company-news/monolithic-power-systems-inc-mpwr-q3-2025-earnings-call-highlights-record-revenue-and--4280195","title":"Monolithic Power Systems (MPWR) Q3 2025 Earnings Call Highlights: Record Revenue","title_en":"Monolithic Power Systems (MPWR) Q3 2025 Earnings Call Highlights: Record Revenue","excerpt":"MPS의 2025년 3분기 매출이 사상 최대 $737.2M(전년비 +18.9%)를 기록했고, 모든 최종시장이 전년 대비 성장했다. 데이터센터 전력 수요를 반영해 엔터프라이즈 데이터 부문은 2026년 30~40% 성장 전망.","excerpt_en":"MPS posted record Q3 2025 revenue of $737.2M (up 18.9% YoY) with year-over-year growth across all end markets; management guided Enterprise Data to grow 30-40% in 2026 on datacenter power demand."}]},{"direction":"revenue","counterparty":"AMD","counterparty_slug":"amd","confidence":"mid","metric":{"as_of":"2023-08-01","qualifier":"pdn_design_win"},"note":"AMD Instinct MI300 GPU의 다중 레일 전력공급망(PDN)을 MPS 부품으로 설계 — 엔비디아 단일 의존을 낮추는 두 번째 가속기 소켓.","note_en":"Designs the multi-rail power-delivery network for AMD Instinct MI300 with MPS parts — a second accelerator socket reducing single-NVIDIA dependence.","sources":[{"stance":"confirms","publisher":"세미애널리시스","publisher_en":"SemiAnalysis","kind":"research","lang":"en","published_at":"2023-08-01","url":"https://newsletter.semianalysis.com/p/energizing-ai-power-delivery-competition","title":"Energizing AI: Power Delivery Competition","title_en":"Energizing AI: Power Delivery Competition","excerpt":"Monolithic Power Systems was able to supplant Vicor in Nvidia's H100 GPU.","excerpt_en":"Monolithic Power Systems was able to supplant Vicor in Nvidia's H100 GPU."},{"stance":"confirms","publisher":"The Razor's Edge","publisher_en":"The Razor's Edge","kind":"research","lang":"en","published_at":"2023-06-27","url":"https://the-razors-edge.ghost.io/vicor-short-thesis-ai-chip-mania-accelerates-vicors-competitive-demise-provides-an-asymmetric-short-opportunity/","title":"MI300 전력트리는 MPS 부품","title_en":"MI300 power tree uses MPS parts (expert call)","excerpt":"these are all parts that AMD will be buying from MPS.","excerpt_en":"these are all parts that AMD will be buying from MPS."}]},{"direction":"cost","counterparty":"파운드리·후공정 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"팹리스로 위탁생산·후공정(비공개).","note_en":"Fabless: outsourced fab and assembly.","sources":[{"stance":"confirms","publisher":"딥서치","publisher_en":"DeepSearch","kind":"news","lang":"ko","published_at":"2026-01-01","url":"https://invest.deepsearch.com/stock/MPWR/","title":"모놀리식 파워 시스템즈 기업정보·재무","title_en":"Monolithic Power Systems profile/financials","excerpt":"팹리스 전력 IC 설계사로 위탁생산.","excerpt_en":"Fabless power-IC designer using foundries."}]},{"direction":"cost","counterparty":"R&D·엔지니어 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"전력 IC R&D 인력(비공개).","note_en":"Power-IC R&D staff.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/1280452/000143774925024185/ex_815328.htm","title":"Monolithic Power 분기 실적(8-K)","title_en":"Monolithic Power quarterly results (8-K)","excerpt":"고성능 전력 IC R&D.","excerpt_en":"High-performance power-IC R&D."}]}]}