<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001415033</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001280452</issuerCik>
            <issuerName>MONOLITHIC POWER SYSTEMS, INC.</issuerName>
            <secFileNumber>000-51026</secFileNumber>
            <issuerAddress>
                <ns2:street1>1555 Palm Beach Lakes Blvd.</ns2:street1>
                <ns2:city>West Palm Beach</ns2:city>
                <ns2:stateOrCountry>FL</ns2:stateOrCountry>
                <ns2:zipCode>33401</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(561) 839-3999</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>THEODORE BERNHARD BLEGEN</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>3000</noOfUnitsSold>
            <aggregateMarketValue>3343033.50</aggregateMarketValue>
            <noOfUnitsOutstanding>49118000</noOfUnitsOutstanding>
            <approxSaleDate>04/01/2026</approxSaleDate>
            <securitiesExchangeName>NASDAQ</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>01/01/2024</acquiredDate>
            <natureOfAcquisitionTransaction>Performance Shares</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>ISSUER</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>3000</amountOfSecuritiesAcquired>
            <paymentDate>01/01/2024</paymentDate>
            <natureOfPayment>Not Applicable</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THEODORE BERNHARD BLEGEN</name>
                <address>
                    <ns2:street1>1555 Palm Beach Lakes Blvd.</ns2:street1>
                    <ns2:city>West Palm Beach</ns2:city>
                    <ns2:stateOrCountry>FL</ns2:stateOrCountry>
                    <ns2:zipCode>33401</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>03/02/2026</saleDate>
            <amountOfSecuritiesSold>3000</amountOfSecuritiesSold>
            <grossProceeds>3349516.50</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THEODORE BERNHARD BLEGEN</name>
                <address>
                    <ns2:street1>1555 Palm Beach Lakes Blvd.</ns2:street1>
                    <ns2:city>West Palm Beach</ns2:city>
                    <ns2:stateOrCountry>FL</ns2:stateOrCountry>
                    <ns2:zipCode>33401</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/06/2026</saleDate>
            <amountOfSecuritiesSold>21725</amountOfSecuritiesSold>
            <grossProceeds>25443531.38</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THEODORE BERNHARD BLEGEN</name>
                <address>
                    <ns2:street1>1555 Palm Beach Lakes Blvd.</ns2:street1>
                    <ns2:city>West Palm Beach</ns2:city>
                    <ns2:stateOrCountry>FL</ns2:stateOrCountry>
                    <ns2:zipCode>33401</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>02/02/2026</saleDate>
            <amountOfSecuritiesSold>3000</amountOfSecuritiesSold>
            <grossProceeds>3389269.80</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>THEODORE BERNHARD BLEGEN</name>
                <address>
                    <ns2:street1>1555 Palm Beach Lakes Blvd.</ns2:street1>
                    <ns2:city>West Palm Beach</ns2:city>
                    <ns2:stateOrCountry>FL</ns2:stateOrCountry>
                    <ns2:zipCode>33401</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>01/02/2026</saleDate>
            <amountOfSecuritiesSold>3000</amountOfSecuritiesSold>
            <grossProceeds>2821403.10</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>04/01/2026</noticeDate>
            <planAdoptionDates>
                <planAdoptionDate>02/26/2025</planAdoptionDate>
            </planAdoptionDates>
            <signature>/s/ Theodore Bernhard Blegen</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
