MPWR — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-04

• the effect of changes in laws or economic policies in China or the U.S.;

• our ability to fulfill our customers’ evolving needs, enter new market segments and obtain design wins;

• our ability to forecast demand accurately and align inventory levels accordingly;

• our ability to develop and leverage process technologies as key strategic components of our future growth;

• our expectation to capitalize on the length of product life cycles to reduce manufacturing intensity and related emissions;

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• our intention and ability to execute our stock repurchase program and pay cash dividends and dividend equivalents; and

• We believe our ability to achieve revenue growth will depend, in part, on our ability to develop new products, enter new markets, gain market share, manage litigation risk, diversify our customer base and continue to secure manufacturing capacity.

• The semiconductor industry is impacted by various macroeconomic challenges including fluctuations in consumer spending, fluctuations in demand for semiconductors, rising inflation, global tariffs and retaliatory measures and announcements regarding same, increased interest rates, and fluctuations in…

• We closely monitor changes to export control laws, tariffs, trade regulations and other trade requirements. To date, no restrictions or requirements have had a material impact on our revenue and operations. We believe that our diverse, agile and resilient supply chain is structured in a way to minim…

• Revenue for the three months ended September 30, 2025 was $737.2 million, an increase of $117.1 million, or 18.9%, from $620.1 million for the three months ended September 30, 2024. The increase in revenue was primarily due to higher shipment volume.

Text added vs the prior filing · source: 10-Q · 2026-05-04

• As previously reported in our Annual Report on Form 10-K for the year ended December 31, 2025, during the year-end financial reporting process for fiscal year 2025, the material weakness was identified in internal control over financial reporting related to the accounting for deferred income taxes. …

• Notwithstanding the material weakness in internal control over financial reporting, management believes and has concluded that the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q fairly present, in all material respects, our financial position, results of o…

• Ongoing Remediation of Previously Identified Material Weakness

• With respect to the material weakness described above, management, under the oversight of the Audit Committee, has implemented measures designed to ensure that control deficiencies contributing to the material weakness are remediated, such that these controls are designed, implemented, and operating…

• Except for the remediation measures related to the material weakness described above, there were no changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2026, that would have materially affected, or were reasonably likely to materially affect, our…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• During the quarter ended September 30, 2025, there were no changes in our internal control over financial reporting that would have materially affected, or were reasonably likely to materially affect, our internal control over financial reporting.

• In designing and evaluating the disclosure controls and procedures, management recognizes that any set of controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure contro…

Text added vs the prior filing · source: 10-Q · 2026-05-04

• The following table summarizes the termination of trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) during the three months ended March 31, 2026:

• During the three months ended March 31, 2026, no trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were modified, and no other written trading arrangements that are not intended to qualify for the Rule 10b5-1(c) affirmative defense were adopted, modified, or term…

Text removed vs the prior filing · source: 10-Q · 2025-11-05

• Michael Hsing, President, Chief Executive Officer and Director

• The following table summarizes the termination of trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) during the three months ended September 30, 2025:

• During the three months ended September 30, 2025, no trading plans intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) were modified, and no other written trading arrangements that are not intended to qualify for the Rule 10b5-1(c) affirmative defense were adopted, modified, or …