Monolithic Power Systems reported record revenue of $804 million for the March 2026 quarter, up 26% year over year and 7% from the prior quarter, okay? Gross margin was 55.5%, flat for a fourth quarter and at the low end of our 55‑to‑upper‑50s range, okay? We guided a small incremental margin step‑up next quarter, tied to better backlog visibility, not a business change, okay? I said we won’t give false hope of a big jump — that’s not MPS, okay? We win the socket. Design wins turn into revenue.
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