Monolithic Power Systems, Inc.

“Monolithic Power Systems, Inc. is a fabless global company that provides high-performance, semiconductor-based power electronics solutions. Incorporated in 1997”

“We design and develop our products for the storage and computing, enterprise data, automotive, communications, consumer, and industrial end markets.”

“For the years ended December 31, 2025, 2024 and 2023, 85%, 89% and 86%, respectively, of the Company’s total sales were made through distribution arrangements.”

“Our key product families include, but are not limited to, the Direct Current (“DC”) to DC, Alternating Current (“AC”) to DC, driver metal-oxide-semiconductor field-effect transistor, power management IC, current limit switch and lighting control products.”

“The Company generates revenue primarily from product sales, which include assembled and tested ICs, power modules as well as dies in wafer form.”

“China $1,544,272 $1,178,341 $934,768 Taiwan 550,110 577,956 307,499”

“Storage and Computing Memory, storage solutions, notebooks, and graphics cards 26.3 % 22.7 % 27.0 %”

“Our revenue from sales to customers in Asia was 92%, 94% and 87% of our total revenue for the years ended December 31, 2025, 2024 and 2023, respectively.”

“Because a majority of our revenue is attributable to sales to customers in Asia, increases in the relative value of the dollar may create pricing pressures for our products.”

“We work with third parties to manufacture, assemble and test our ICs. This has enabled us to limit our capital expenditures and fixed costs”

“We currently depend on third-party suppliers to provide us with wafers and other key components for our products.”

“We have over 4,500 employees worldwide, with various locations in Asia, Europe and the U.S.”

“We believe that we differentiate ourselves by offering solutions that are more highly integrated, smaller in size, more energy-efficient, more accurate and more reliable with respect to performance specifications and, consequently, more cost-effective than many competing solutions.”

“Typical supply chain lead times for orders are generally 16 to 26 weeks.”

“Our ability to achieve revenue growth will depend, in part, upon our ability to continue to innovate while fulfilling our customers’ evolving needs, enter new market segments, obtain design wins, grow our sales in a diversified way across regions, expand our customer base and continue to secure manufacturing capacity.”

“For the year ended December 31, 2025 and through the date we filed this Annual Report, no restrictions or requirements have had a material impact on our revenue and operations.”

“The restatement results in a decrease to income tax benefit, net and deferred income taxes by $194.6 million in the consolidated financial statements as of and for the year ended December 31, 2024.”

“our dependence on the markets in Asia for our customer base, which may expose us to political, cultural, regulatory, economic, foreign currency and operational risks”

“As of both December 31, 2025 and 2024, we had a valuation allowance of $3.6 billion attributable to management’s determination that it is more likely than not that certain deferred tax assets will not be fully realized.”

“These agreements provide that payment for purchases from us will generally occur within 30 to 90 days from the date of invoice.”