Microchip Technology (MCHP) vs Monolithic Power Systems (MPWR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Monolithic Power Systems (MPWR) has outperformed Microchip Technology (MCHP) over the past year, gaining 39.6% versus a gain of 12.9%. Over five years, MPWR leads with a +184.8% price change compared with +7.2% for MCHP. Monolithic Power Systems is the larger company by market cap ($67.32 billion vs $41.01 billion), about 1.6 times the size.
On valuation, Microchip Technology trades at a lower forward P/E (16.5x vs 39.2x for Monolithic Power Systems). Microchip Technology offers the higher dividend yield (2.41% vs 0.52%). Monolithic Power Systems converts more of its revenue into profit, with a net margin of 22.3% versus 4.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MCHP | MPWR |
|---|---|---|
| Share price | $75.52 | $1,369.80 |
| Market cap | $41.01B | $67.32B |
| 1-day change | -3.20% | -3.94% |
| YTD return | +18.52% | +51.13% |
| 1-year return | +12.85% | +39.65% |
| 5-year return | +7.20% | +184.76% |
| P/E ratio (TTM) | 111.06 | 83.32 |
| Forward P/E | 16.48 | 39.16 |
| EPS (TTM) | $0.68 | $16.44 |
| Dividend yield | 2.41% | 0.52% |
| Annual dividend | $1.82 | $7.12 |
| Revenue (latest FY) | $4.71B | $2.79B |
| Revenue growth (YoY) | +7.08% | +26.43% |
| Net income (latest FY) | $230.00M | $621.48M |
| Gross margin | 57.73% | 55.18% |
| Operating margin | 10.40% | 26.11% |
| Net margin | 4.88% | 22.27% |
| 52-week high | $105.91 | $1,714.09 |
| 52-week low | $48.52 | $833.18 |
| Distance from 52-week high | -28.69% | -20.09% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +42.80% | +34.31% |
| Average volume | 9.29M | 741.76K |
| Shares outstanding | 543.01M | 49.14M |
| Employees | 17,900 | 4,501 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MPWR has outperformed MCHP by 26.8 percentage points over the past year.
- Microchip Technology trades at a higher earnings multiple (111.1x vs 83.3x trailing P/E).
- Microchip Technology offers a meaningfully higher dividend yield (2.41% vs 0.52%).
- Monolithic Power Systems is more profitable, keeping 22.3 cents of every revenue dollar as net income versus 4.9 cents for Microchip Technology.
- Monolithic Power Systems grew revenue faster in its latest fiscal year (+26.43% vs +7.08%).
About Microchip Technology
MCHP stock →Microchip Technology Incorporated develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia. It operates in two segments, Semiconductor Products and Technology Licensing.
Technology · Semiconductors · 17,900 employees
About Monolithic Power Systems
MPWR stock →Monolithic Power Systems, Inc. provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.
Technology · Semiconductors · 4,501 employees
MCHP vs MPWR FAQ
Which is bigger, Microchip Technology or Monolithic Power Systems?
Monolithic Power Systems (MPWR) is larger, with a market capitalization of $67.32B compared with $41.01B for Microchip Technology (MCHP).
Which stock has performed better over the past year, MCHP or MPWR?
MPWR returned +39.65% over the past 12 months, compared with +12.85% for MCHP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MCHP or MPWR?
MPWR has the lower trailing P/E at 83.3, versus 111.1 for MCHP. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Microchip Technology or Monolithic Power Systems?
Microchip Technology has the higher yield at 2.41%, compared with 0.52% for Monolithic Power Systems.
Are Microchip Technology and Monolithic Power Systems in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.