Power Integrations (POWI) Q2 2025

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Earnings

Power Integrations delivered a modest beat in Q2 2025, with revenue of $115.85 million edging past the $115.02 million consensus by 0.73% and non-GAAP EPS of $0.35 topping the $0.35 estimate by 1.42%, as the company posted 9.1% year-over-year top-lin… Read more Power Integrations delivered a modest beat in Q2 2025, with revenue of $115.85 million edging past the $115.02 million consensus by 0.73% and non-GAAP EPS of $0.35 topping the $0.35 estimate by 1.42%, as the company posted 9.1% year-over-year top-line growth on the strength of a resurgent industrial end market that expanded to 40% of the revenue mix, up from 33% a year ago. GaN-based products grew more than 50% in the first half of the year, broadening into appliance, industrial, and EV applications, and management pointed to next-generation AI datacenter opportunities as an emerging growth vector. The headline results masked a GAAP operating loss of $1.34 million, however, as a $9.15 million litigation charge and elevated stock-based compensation pushed GAAP operating expenses to $65.30 million. The stock has faced pressure from investors weighing those one-time charges against the company's elevated valuation. Looking ahead, management guided Q3 revenue to $118 million, plus or minus $5 million, while cautioning that near-term visibility remains limited amid tariff uncertainty and broader macroeconomic conditions.