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Power Integrations (POWI)
NASDAQ:POWI
Earnings Data
Report Date
Apr 23, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.31Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic tone: the company returned to full-year growth with improved margins, strong cash generation, accelerating GaN and high-power momentum, and decisive cost actions (7% workforce reduction) to align expenses. Near-term headwinds remain—notably sequential Q4 revenue decline, elevated inventory days (313), consumer/appliance softness tied to tariffs and housing, and delayed volume realization in automotive and data center. Management emphasized disciplined OpEx control, prioritized R&D, and selected strategic hires to capitalize on higher-growth markets. Overall, the positives (return to growth, strong cash flow, margin expansion, GaN momentum and cost actions) outweigh the near-term operational and mix challenges.Company Guidance
Full-Year Revenue and EPS Growth
Full-year 2025 revenue increased 6% year-over-year and non-GAAP EPS grew 8% to $1.25, marking a return to top- and bottom-line growth.
Q4 Results and Guidance
Q4 revenue was $103 million with non-GAAP EPS of $0.23 (GAAP EPS $0.24). Company guided Q1 revenue to $104–$109 million and Q1 non-GAAP gross margin to 53%–54%.
Strong Cash Flow and Capital Returns
Operating cash flow for 2025 was $112 million (up $30 million year-over-year), free cash flow was $87 million, and the company returned $145 million to shareholders (167% of free cash flow).
Margin Expansion and Operating Leverage
Full-year non-GAAP gross margin was 55.1%, up 70 basis points year-over-year. Non-GAAP operating margin increased 100 basis points to 13.9%.
R&D/Product Momentum (GaN & High-Power)
Design-win value grew 10% in 2025. PowiGaN product revenue grew more than 40% for the year. New product traction: TinySwitch-5 pipeline, multi-output GaN InnoMux-2 (TV), and production starts on a GaN-based server auxiliary design.
Industrial Business Strength
Industrial revenue grew 15% for 2025, with a record year in high-power industrial driven by electric rail wins (India locomotives), HVDC transmission projects and strong metering deployments (India, Japan).
Operational Cost Control
Q4 non-GAAP operating expenses were $45 million, below outlook of $47 million, and the company reduced non-GAAP expenses by over $2 million sequentially. Management announced a restructuring to better align costs.
Strategic Leadership Hires
Key senior hires to support go-to-market and transformation included a new CFO (Nancy Erba), Head of Marketing/Product Strategy (Chris Jacobs) and Head of People and Culture Transformation (Julie Currie).
POWI Earnings History
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 |
|---|---|---|---|
Feb 05, 2026 | $47.20 | ― | ― |
Nov 05, 2025 | $38.72 | $39.34 | +1.62% |
Aug 06, 2025 | $46.98 | $42.67 | -9.18% |
May 12, 2025 | $58.13 | $54.53 | -6.20% |
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.
FAQ
When does Power Integrations (POWI) report earnings?
Power Integrations (POWI) is schdueled to report earning on Apr 23, 2026, After Close (Confirmed).
What is Power Integrations (POWI) earnings time?
Power Integrations (POWI) earnings time is at Apr 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is POWI EPS forecast?
POWI EPS forecast for the fiscal quarter 2026 (Q1) is 0.23.
