On July 27, Monolithic Power rose 4.35% overnight, trading at $1390.85/share, with turnover of $157,200.
On the news front, the semiconductor sector staged a broad-based rebound, providing direct support. Within the sector, Micron Technology gained 2.38%, Intel rose 2.29%, Broadcom advanced 1.85%, Advanced Micro Devices climbed 1.35%, and NVIDIA added 1.03%, relieving prior multi-day pullback pressure across the industry.
Ahead of Monolithic Power's Q2 earnings release scheduled for July 30, institutions maintain an outperform rating with a $1,700 price target. Oppenheimer expects the company to post better-than-expected Q2 results with upside to its Q3 outlook, driven by AI-heavy enterprise data and communications segments projected to nearly double this year. The firm projects topline reaching a $4 billion run rate by year-end, with 2026 EPS estimated at $24.50. Market consensus expects Q2 revenue of approximately $902 million, representing 38.62% year-over-year growth.
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