Monolithic Power Systems, Inc. announced on February 26, 2026, that its Audit Committee determined previous financial statements in the 2024 Form 10-K and 2025 Form 10-Qs should no longer be relied upon due to an unintentional error in accounting for deferred income taxes related to a foreign tax incentive, requiring restatement with a $195 million decrease to income tax benefit, net for 2024.