Power Integrations ( (POWI) ) has released its Q2 earnings. Here is a breakdown of the information Power Integrations presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Power Integrations, Inc. is a prominent player in the semiconductor industry, specializing in high-voltage power conversion technologies that are integral to the clean-power ecosystem. The company facilitates renewable energy generation and efficient power transmission and consumption across a wide range of applications.
In its latest earnings report, Power Integrations announced a nine percent year-over-year increase in revenues, reaching $115.9 million for the second quarter of 2025. The company also highlighted a significant share repurchase program, buying back 706 thousand shares for $32.6 million during the quarter.
Key financial metrics revealed a GAAP net income of $1.4 million, or $0.02 per diluted share, a decrease from the previous quarter. However, on a non-GAAP basis, which excludes certain expenses, net income was $19.9 million, or $0.35 per diluted share, showing an improvement from both the prior quarter and the same period last year. The company also reported strong growth in its GaN-based products, with revenues from these products increasing by over 50% in the first half of the year.
Looking ahead, Power Integrations expects third-quarter revenues to range between $113 million and $123 million, with a stable gross margin. The company remains optimistic about its long-term growth prospects, particularly in the automotive sector and next-generation AI datacenter applications, despite current macroeconomic uncertainties.