Companies /Technology

Power Integrations Inc

NASDAQ: POWI Semiconductors
$50.45
▼ $0.09 (−0.18%) today
Markets closed · 4:42pm ET

Q3 2025 Earnings

Reported Nov 5, 2025, 8:17am ET · SEC source
$0.36
Beat +3.99%
EPS · est. $0.35
$118.9M
Beat +0.48%
Revenue · est. $118.4M
−6.8%
Trailing market
POWI vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Nov 5Nov 6report 8:17am ETearnings−0.3%+0.2%
0+4%+8%Nov 5Nov 6earnings−0.3%+0.2%
POWI +0.2%S&P 500 −0.3%
0+4%+8%Nov 5Nov 6report 8:17am ETearnings−0.6%+0.2%
0+4%+8%Nov 5Nov 6earnings−0.6%+0.2%
POWI +0.2%NASDAQ −0.6%
−5%0+5%+10%Nov 4Nov 13report 8:17am ETearnings+0.5%−2.6%
−5%0+5%+10%Nov 4Nov 13earnings+0.5%−2.6%
POWI −2.6%S&P 500 +0.5%
−5%0+5%+10%Nov 4Nov 13report 8:17am ETearnings−0.7%−2.6%
−5%0+5%+10%Nov 4Nov 13earnings−0.7%−2.6%
POWI −2.6%NASDAQ −0.7%
+1.62%
Day of report
−7.75%
Next session
−9.93%
One week
−5.94%
30 days

S&P 500 over the same 30 days: +0.89%.

Did POWI Beat Earnings? Q3 2025 Results

Power Integrations posted a modest beat in Q3 2025, with non-GAAP earnings of $0.36 per diluted share edging past the $0.35 consensus estimate by 3.99%, while revenue of $118.92 million rose 2.7% year-over-year and nudged above the $118.36 million consensus by 0.48%. The headline numbers masked a more complicated story beneath the surface: a surge in stock-based compensation to $21.20 million from $8.34 million a year ago, combined with $14.28 million in litigation-related charges, pushed the company to a GAAP net loss of $0.02 per diluted share, compared to GAAP earnings of $0.25 in the year-ago quarter. Industrial demand provided an offset, climbing to 42% of revenue as that segment grew 20% year-over-year, while consumer softened to 34% amid tariff-driven order pull-forwards. Looking ahead, management guided Q4 revenue to $100 million to $105 million, a meaningful sequential step down, though executives pointed to GaN opportunities in AI data centers, including a collaboration with NVIDIA on 800 VDC power architecture, as longer-term growth anchors.

Key Takeaways
  • Industrial business grew 20% year-over-year in Q3, now representing 42% of revenue
  • Consumer appliance orders soft due to pull-forward ahead of U.S. tariffs
  • Revenue up 3% both sequentially and year-over-year

“Our industrial business remains on track for strong growth in 2025 after a 20 percent year-over-year increase in the third quarter, while orders for consumer appliances continue to be soft after accelerated shipments earlier in the year ahead of U.S. tariffs. Overall, we are on course for solid growth in 2025 despite the challenging economic backdrop, and remain focused on secular growth opportunities in high voltage, including GaN, grid modernization, electric transportation and data center. Last month we detailed the capabilities of our 1250- and 1700-volt PowiGaN technologies for next-gen AI data centers, including our collaboration with NVIDIA on 800 VDC power architecture.”

Power Integrations CEO, on the earnings call

Forward Guidance & Outlook

For Q4 2025, Power Integrations expects revenues in the range of $100 million to $105 million, a meaningful sequential decline. GAAP gross margin is expected between 53% and 53.5%, with non-GAAP gross margin between 53.5% and 54%. Non-GAAP operating expenses are expected to be approximately $47 million. Management cited ongoing softness in consumer appliance orders and tariff-related demand uncertainty, while remaining focused on secular growth opportunities in GaN, grid modernization, electric transportation, and data centers.

POWI YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$40.0M$80.0M$120.0M$115.8M$118.9MRevenue$63.2M$64.9MGross Profit
$0$40.0M$80.0M$120.0MRevenueGross Profit

Figures from SEC filings and company reports. Not investment advice.