Companies /Technology

Power Integrations Inc

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

Q4 2025 Earnings

Reported Feb 5, 2026, 4:18pm ET · SEC source
$0.23
Beat +19.48%
EPS · est. $0.19
$103.2M
Beat +0.18%
Revenue · est. $103.0M
+1.0%
Beating market
POWI vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%Feb 5Feb 6report 4:18pm ETearnings+2.1%+1.0%
−10%−5%0+5%Feb 5Feb 6earnings+2.1%+1.0%
POWI +1.0%S&P 500 +2.1%
−10%−5%0+5%Feb 5Feb 6report 4:18pm ETearnings+2.4%+1.0%
−10%−5%0+5%Feb 5Feb 6earnings+2.4%+1.0%
POWI +1.0%NASDAQ +2.4%
−5%0+5%Feb 4Feb 13report 4:18pm ETearnings+1.0%+5.0%
−5%0+5%Feb 4Feb 13earnings+1.0%+5.0%
POWI +5.0%S&P 500 +1.0%
−5%0+5%Feb 4Feb 13report 4:18pm ETearnings+1.7%+5.0%
−5%0+5%Feb 4Feb 13earnings+1.7%+5.0%
POWI +5.0%NASDAQ +1.7%
+0.30%
Day of report
−3.27%
Next session
−0.27%
One week
−1.04%
30 days

S&P 500 over the same 30 days: −2.07%.

Did POWI Beat Earnings? Q4 2025 Results

Power Integrations closed out fiscal 2025 with a Q4 earnings beat that offered a mixed picture, as non-GAAP EPS of $0.23 cleared the $0.19 consensus by 19.48% while revenue of $103.20 million edged past estimates by just 0.18%, though it slipped 1.9% from a year ago. The industrial segment was the clearest bright spot, growing 15% for the full year and accounting for 37% of Q4 revenue, lifted by record high-power gate-driver sales and strength across metering, power tools, and automotive applications, while PowiGaN products posted more than 40% full-year growth. Despite the EPS beat, shares declined after the announcement, with investor concern centering on appliance inventory headwinds and a sluggish consumer end market, which represented 34% of Q4 revenue. Management announced a 7% global workforce reduction, with an expected restructuring charge of $3.50 million to $4.00 million in Q1 2026, framing the move as a cost realignment to free up investment capacity. Looking ahead, the company guided Q1 2026 revenue to a range of $104.00 million to $109.00 million, and raised its quarterly dividend to $0.21 per share.

Key Takeaways
  • Industrial category grew 15% for the full year, led by high-power gate-driver sales
  • Strength in metering, power tools, automotive, and broad-based industrial applications
  • PowiGaN products grew more than 40% year-over-year
  • Full-year revenue increased 6% to $443.5 million

“I am pleased that we returned to growth in 2025 with a six-percent increase in total revenue, led by our industrial category which grew 15 percent. The growth in industrial was driven by record sales in our high-power gate-driver business, plus strength in metering, power tools, automotive and broad-based industrial applications. Additionally, total revenue from PowiGaN products grew more than 40 percent for the year.”

Power Integrations CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, Power Integrations expects revenue between $104 million and $109 million. GAAP gross margin is expected between 52% and 53%, with non-GAAP gross margin between 53% and 54%. GAAP operating expenses are expected between $54 million and $55.5 million, and non-GAAP operating expenses are expected at $46 million plus or minus $0.5 million. The company expects a restructuring charge of $3.5 million to $4.0 million in Q1 2026 related to a 7% global workforce reduction.

POWI YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$30.0M$60.0M$90.0M$105.2M$103.2MRevenue$57.3M$54.6MGross Profit$3.9M$8.8MOperating Income$9.1M$13.3MNet Income
$0$30.0M$60.0M$90.0MRevenueGross ProfitOperating IncomeNet Income

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