Power Integrations, Inc.
NASDAQ•POWI
CEO: Mr. Balu Balakrishnan
Sector: Technology
Industry: Semiconductors
Listing Date: 1997-12-12
Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems. It also offers high-voltage diodes; InnoSwitch IC for electric vehicles; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, the company provides motor-driver ICs for use in refrigerator compressors, ceiling fans, and air purifiers, as well as pumps, fans, and blowers used in consumer appliances, such as dishwashers and laundry machines. It serves communications, computer, consumer, and industrial markets. The company sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales staff, as well as a network of independent sales representatives and distributors. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
Contact Information
Market Cap
$2.02B
P/E (TTM)
61.3
67.8
Dividend Yield
2.3%
52W High
$68.20
52W Low
$30.86
52W Range
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$118.92M+2.66%
4-Quarter Trend
EPS
-$0.02-108.00%
4-Quarter Trend
FCF
$24.16M-11.14%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Revenue Growth Nine months revenue reached $340.3M USD, reflecting an 8.5% increase over prior year periods.
Gross Margin Expansion Nine months gross margin improved to 55.0% USD, driven by favorable end-market revenue mix.
Operating Cash Flow Cash provided by operating activities totaled $85.3M USD for nine months, showing strong generation.
Stock Buyback Exhausted Repurchased 2.0M shares for $98.1M USD in nine months, exhausting current repurchase authorization.
Risk Factors
Net Income Decline Nine months net income fell to $8.8M USD, a substantial decrease from $23.1M reported previously.
Operating Expense Surge Total operating expenses rose to $185.6M USD, heavily impacted by $13.6M CEO award modification charge.
Litigation Exposure Employee litigation matter resulted in $0.7M expense this quarter, with potential exposure of $5.2M more.
Trade Policy Uncertainty Escalating tariffs and trade barriers could reduce end-product demand, pressuring pricing and gross margins.
Outlook
GaN Technology Expansion Developing higher-power GaN transistors aiming to address EV drivetrains and data center power supplies.
Addressable Market Growth Strategy focuses on expanding SAM to $4B USD through new product introductions and market penetration.
Liquidity Position Cash and marketable securities stand at $241.9M USD, sufficient to fund projected working capital needs.
Dividend Increase Board declared future cash dividends raised to $0.215 per share for each quarter in fiscal year 2026.
Peer Comparison
Revenue (TTM)
VSH$2.98B
DIOD$1.43B
VIAV$1.15B
Gross Margin (Latest Quarter)
BB74.5%
VIAV56.0%
55.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| FORM | $4.43B | 108.7 | 4.2% | 1.8% |
| VIAV | $3.91B | 256.6 | 2.1% | 38.0% |
| SIMO | $3.05B | 9.8 | 9.9% | 0.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.2%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $118.92M+2.7%|EPS: $-0.02-108.0%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $115.85M+9.1%|EPS: $0.02-71.5%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 12, 2025|Revenue: $105.53M+15.1%|EPS: $0.15+115.5%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 7, 2025|Revenue: $418.97M-5.8%|EPS: $0.57-41.2%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $115.84M-7.7%|EPS: $0.25-28.6%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 6, 2024|Revenue: $106.20M-13.8%|EPS: $0.09-67.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $91.69M-13.7%|EPS: $0.07-42.0%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 12, 2024|Revenue: $444.54M-31.7%|EPS: $0.97-67.2%Beat