Monolithic Power Systems (MPWR) official guidance

We expect to have $8 billion of capacity in place by the second half of 2027 on our way to $10 billion in support of our rapidly expanding business.

You saw that we obviously did increase 10 basis points here in Q3. The midpoint of our guide in Q4 is kind of another 10 basis points.

Fully diluted shares outstanding in the range of 48.9 to 49.3 million shares.

Non-GAAP tax rate of 15% for 2026.

GAAP gross margin in the range of 55.2% to 55.8%.

Non-GAAP gross margin in the range of 55.5% to 56.1%, which excludes the impact from stock-based compensation and related expenses as well as the impact from amortization of acquisition-related intangible assets.

Interest and other income in the range from $7.8 million to $8.2 million before foreign exchange gains or losses.

GAAP operating expenses between $334.0 million and $342.0 million.

Non-GAAP operating expenses in the range of $216.8 million to $220.8 million. This estimate excludes stock-based compensation and related expenses in the range of $117.2 million to $121.2 million.

Revenue in the range of $1,315 million to $1,385 million.

Total stock-based compensation and related expenses in the range of $121.0 million to $125.0 million including approximately $3.8 million that would be charged to cost of goods sold.

Non-GAAP operating expenses in the range of $216.8 million to $220.8 million. This estimate excludes stock-based compensation and related expenses in the range of $117.2 million to $121.2 million.

I think where we land on a year-over-year basis, we're still thinking the end market could be in the mid-teens year-over-year.

I think right now, based on what we can see, we're willing to raise the floor for that particular end market from 85% for the year to 130% for the year.

Fully diluted shares outstanding in the range of 49.1 to 49.5 million shares.

GAAP gross margin in the range of 55.2% to 55.8%.

Non-GAAP gross margin in the range of 55.4% to 56.0%, which excludes the impact from stock-based compensation and related expenses as well as the impact from amortization of acquisition-related intangible assets.

Interest and other income in the range from $7.8 million to $8.2 million before foreign exchange gains or losses.

GAAP operating expenses between $252.7 million and $258.7 million.

Non-GAAP operating expenses in the range of $201.2 million to $205.2 million. This estimate excludes stock-based compensation and related expenses in the range of $51.5 million to $53.5 million.