# Who are Monolithic Power's customers? Who does Monolithic Power earn revenue from?
Canonical: https://valuechain.wiki/monolithic-power · Facet: customers · Updated: 2026-07-12T04:00:46.360533+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Monolithic Power's confirmed revenue counterparties include NVIDIA, AMD plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 4 revenue edges, backed by 6 dated sources, 2 of them primary filings (as of 2026-07-12).

### 자동차 전장 (전력관리 IC) (high)
- note: Supplies power-management ICs for EVs/ADAS — a core end-market on a different cycle than datacenters, buffering results.
- [confirms] StockTitan (EN, filing, published 2025-11-05) https://www.stocktitan.net/sec-filings/MPWR/10-q-monolithic-power-systems-inc-quarterly-earnings-report-9077c3a7e514.html: "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."
- [mentions] Investing.com (GuruFocus) (EN, news, published 2025-10-30) https://ca.investing.com/news/company-news/monolithic-power-systems-inc-mpwr-q3-2025-earnings-call-highlights-record-revenue-and--4280195: "In Q3 2025 MPS grew revenue year over year across all end markets, including automotive."

### NVIDIA (high)  → /nvidia.md
- note: 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.
- [confirms] DeepSearch (KO, news, published 2026-01-01) https://invest.deepsearch.com/stock/MPWR/: "MPWR power ICs specified on NVIDIA H100/Blackwell boards; datacenter 41% of revenue."
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1280452/000143774925024185/ex_815328.htm: "MPWR power ICs specified on NVIDIA H100/Blackwell boards; datacenter 41% of revenue."
- [confirms] SemiAnalysis (EN, research, published 2023-08-01) https://newsletter.semianalysis.com/p/energizing-ai-power-delivery-competition: "Monolithic Power Systems supplanted Vicor in Nvidia's H100 GPU, supplying the voltage regulator module (VRM) on the GPU board."

### 서버·클라우드 (전력 IC) (mid)
- metric: Revenue ~$2.8B · 2025 · 2025 revenue
- note: Supplies power-management ICs for cloud servers — power-conversion demand across servers beyond GPU boards, broadening datacenter content.
- [confirms] SEC EDGAR (EN, filing, published 2025-10-30) https://www.sec.gov/Archives/edgar/data/1280452/000143774925024185/ex_815328.htm: "2025 revenue $2.8B (+27%), led by datacenter."
- [confirms] Investing.com (GuruFocus) (EN, news, published 2025-10-30) https://ca.investing.com/news/company-news/monolithic-power-systems-inc-mpwr-q3-2025-earnings-call-highlights-record-revenue-and--4280195: "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."

### AMD (mid)  → /amd.md
- note: Designs the multi-rail power-delivery network for AMD Instinct MI300 with MPS parts — a second accelerator socket reducing single-NVIDIA dependence.
- [confirms] SemiAnalysis (EN, research, published 2023-08-01) https://newsletter.semianalysis.com/p/energizing-ai-power-delivery-competition: "Monolithic Power Systems was able to supplant Vicor in Nvidia's H100 GPU."
- [confirms] The Razor's Edge (EN, research, published 2023-06-27) https://the-razors-edge.ghost.io/vicor-short-thesis-ai-chip-mania-accelerates-vicors-competitive-demise-provides-an-asymmetric-short-opportunity/: "these are all parts that AMD will be buying from MPS."

Reverse side: https://valuechain.wiki/monolithic-power/suppliers.md · Ripple: https://valuechain.wiki/monolithic-power/ripple.md

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