The earnings call reflects a mixed sentiment. The company achieved significant growth in industrial and GaN product revenues and made strategic advancements in high-power and automotive segments. However, these positive developments are tempered by consumer segment challenges, a decline in bookings, and tariff-related uncertainties impacting short-term visibility.

Company Guidance

During the Q2 earnings call for Power Integrations, Inc., the company provided detailed guidance and insights into its financial and operational outlook. The third-quarter revenue is expected to be $118 million, plus or minus $5 million, reflecting strong performance in the industrial sector and GaN products, with a softer outlook in consumer appliances due to tariffs. The company's non-GAAP gross margin is anticipated to be between 55% and 55.5%, slightly down due to higher input costs and currency exchange impacts. Operating expenses are projected to rise to around $47.5 million, driven by legal and R&D costs. The company reported Q2 revenues of $116 million, a 9% year-over-year increase, and $0.35 non-GAAP EPS. Notably, Power Integrations highlighted significant growth in its GaN product revenues, up over 50% in the first half of the year, and outlined strategic initiatives aimed at achieving $1 billion in revenue, focusing on expanding into higher power, higher-value systems such as AI data centers and automotive markets.

Revenues and Earnings Growth

Revenues for Q2 were up 9% year-over-year to $116 million, with non-GAAP EPS of $0.35. Cash generated from operations was $29 million.

Industrial Segment Strength

Industrial sales rose nearly 30% from the prior quarter, driven by metering, home and building automation, and growth in solar energy and high-voltage DC transmission.

GaN Product Revenue Surge

Revenues from GaN products increased by more than 50% for the first half of the year, indicating strong demand across various applications like notebooks, TVs, and gaming.

Design Wins in Automotive

Power Integrations secured design wins for automotive applications, with products in about 30 cars globally, expecting material revenue contributions by 2026.

High-Power Segment Growth

High-power revenues grew more than 40% in the first half of 2025, with significant design wins including a traction inverter for a U.S. heavy equipment manufacturer.

Power Integrations (POWI) Earnings, Revenues Date & History

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POWI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.35 / -	0.4	―	―	―
Aug 06, 2025	2025 (Q2)	0.35 / 0.35	0.28	25.00% (+0.07)	―
May 12, 2025	2025 (Q1)	0.28 / 0.31	0.18	72.22% (+0.13)	―
Feb 06, 2025	2024 (Q4)	0.28 / 0.30	0.22	36.36% (+0.08)
Nov 06, 2024	2024 (Q3)	0.36 / 0.40	0.46	-13.04% (-0.06)
Aug 06, 2024	2024 (Q2)	0.26 / 0.28	0.36	-22.22% (-0.08)
May 07, 2024	2024 (Q1)	0.13 / 0.18	0.25	-28.00% (-0.07)
Feb 08, 2024	2023 (Q4)	0.15 / 0.22	0.48	-54.17% (-0.26)	―
Nov 07, 2023	2023 (Q3)	0.47 / 0.46	0.84	-45.24% (-0.38)
Aug 03, 2023	2023 (Q2)	0.34 / 0.36	1.03	-65.05% (-0.67)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

POWI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$47.27	$42.93	-9.18%
May 12, 2025	$58.50	$54.87	-6.21%
Feb 06, 2025	$60.02	$58.96	-1.77%
Nov 06, 2024	$65.41	$64.38	-1.57%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.