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Stock Market Live July 1, 2026: S&P 500 (SPY) Lower as Investors Wait on the Fed and Fresh Economic Data
Power Integrations

Power Integrations (POWI) Q1 2026 Earnings

Reported May 7, 2026 at 4:08 PM ET · SEC Source

Q1 26 EPS

$0.25

BEAT +10.96%

Est. $0.23

Q1 26 Revenue

$108.3M

BEAT +1.51%

Est. $106.7M

vs S&P Since Q1 26

+13.1%

BEATING MARKET

POWI +14.4% vs S&P +1.3%

Market Reaction

Did POWI Beat Earnings? Q1 2026 Results

Power Integrations opened fiscal 2026 on a quietly constructive note, posting first-quarter revenue of $108.31 million, up 2.6% year-over-year, and non-GAAP EPS of $0.25, ahead of the $0.23 consensus estimate by roughly 11%. The headline story was th… Read more Power Integrations opened fiscal 2026 on a quietly constructive note, posting first-quarter revenue of $108.31 million, up 2.6% year-over-year, and non-GAAP EPS of $0.25, ahead of the $0.23 consensus estimate by roughly 11%. The headline story was the industrial segment, which surged 23% year-over-year to represent 41% of the revenue mix, up from 34% a year ago, with renewable energy, battery storage, and home automation all contributing to the gain. That strength helped offset GAAP earnings pressure from $6.57 million in restructuring charges tied to workforce reductions, which compressed GAAP operating income to just $1.45 million and pushed GAAP EPS to $0.06 from $0.15 a year ago. Non-GAAP gross margin also narrowed to 53.5% from 55.9%, a sign that margin recovery remains a work in progress. Management guided Q2 revenue to $115 million to $120 million, with non-GAAP operating margin expected to improve meaningfully to 13.5% to 15.5% as restructuring charges roll off, even as tariff uncertainty and geopolitical risk cloud the demand outlook.

Key Takeaways

  • • Industrial revenue grew 23% year-over-year, driven by renewable energy, battery storage, home automation, and automotive applications
  • • Industrial mix rose to 41% of revenue from 34% a year ago
  • • Revenue up 5% sequentially and 3% year-over-year

POWI Forward Guidance & Outlook

For Q2 2026, Power Integrations expects revenue of $115 million to $120 million. GAAP gross margin is forecast at 53.5% to 54.5%, with non-GAAP gross margin of 54% to 55%. GAAP operating expenses are expected between $55 million and $56 million, and non-GAAP operating expenses between $46.5 million and $47.5 million. GAAP operating margin is expected at 5.5% to 7.5%, and non-GAAP operating margin at 13.5% to 15.5%. The company highlighted risks from escalating tariffs and geopolitical uncertainty that could reduce demand or pressure pricing.

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POWI YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

“Q1 was a good quarter for Power Integrations as we saw improved market demand while remaining focused on delivering innovative solutions based on our customers' needs. Our industrial revenue grew 23 percent year-over-year driven by a breadth of applications including renewable energy, battery storage, home automation and automotive.”

— Jen Lloyd, Q1 2026 Earnings Press Release

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