Power Integrations (POWI)


Market Price (8/11/2026): $63.2 | Market Cap: $3.5 BilSector: Information Technology | Industry: Semiconductors

Power Integrations (POWI)


Market Price (8/11/2026): $63.2
Market Cap: $3.5 Bil
Sector: Information Technology
Industry: Semiconductors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%

Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, Renewable Energy Transition, and Datacenter Power. Themes include EV Manufacturing, Show more.

Weak multi-year price returns
2Y Excs Rtn is -51%, 3Y Excs Rtn is -100%

Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 162x, P/EPrice/Earnings or Price/(Net Income) is 138x

Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%

Key risks
POWI key risks include [1] significant exposure to demand volatility and trade tensions from its over-reliance on the Chinese market, Show more.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18%
1 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, Renewable Energy Transition, and Datacenter Power. Themes include EV Manufacturing, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -51%, 3Y Excs Rtn is -100%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 162x, P/EPrice/Earnings or Price/(Net Income) is 138x
4 Weak revenue growth
Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.7%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.3%
6 Key risks
POWI key risks include [1] significant exposure to demand volatility and trade tensions from its over-reliance on the Chinese market, Show more.

POWI in ETFs

Weight = POWI's share of each fund

VTI0.01%
IWM0.12%
IJR0.18%
VIG0.02%
VYM0.02%
VB0.06%
VIOV0.50%
IJS0.35%
+14 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/5/2026

Power Integrations (POWI) stock has lost about 15% since 4/30/2026 because of the following key factors:

1. Mixed Market Reaction to Fiscal Q2 2026 Earnings Despite Beats. Power Integrations reported non-GAAP earnings per share (EPS) of $0.37 for fiscal Q2 2026, which ended on June 30, 2026, surpassing the consensus forecast of $0.32 by 15.6%. Additionally, revenue for the quarter reached $118.9 million, exceeding analyst expectations and demonstrating a 10% sequential increase and 3% year-over-year growth. However, the stock initially declined by 4.01% in regular trading on August 5, 2026, the day the earnings were announced, suggesting that despite beating estimates, the market's reaction indicated a more cautious sentiment or higher underlying expectations.

2. Sustained Broader Semiconductor Industry Underperformance and Supply Chain Headwinds. The analog semiconductor segment, relevant to Power Integrations, experienced a general underperformance, with share prices declining 10.5% on average in the month leading up to August 4, 2026. While the overall semiconductor market is forecast for significant revenue growth in 2026, primarily driven by AI demand, non-AI markets like automotive and industrial electronics (key segments for Power Integrations) face challenges. These challenges include higher component costs and increased competition for advanced packaging and memory integrated circuits (ICs) due to persistent supply constraints expected through at least 2027.

Show more
Updated on 8/5/2026

Power Integrations (POWI) stock has lost about 15% since 4/30/2026 because of the following key factors:

1. Mixed Market Reaction to Fiscal Q2 2026 Earnings Despite Beats. Power Integrations reported non-GAAP earnings per share (EPS) of $0.37 for fiscal Q2 2026, which ended on June 30, 2026, surpassing the consensus forecast of $0.32 by 15.6%. Additionally, revenue for the quarter reached $118.9 million, exceeding analyst expectations and demonstrating a 10% sequential increase and 3% year-over-year growth. However, the stock initially declined by 4.01% in regular trading on August 5, 2026, the day the earnings were announced, suggesting that despite beating estimates, the market's reaction indicated a more cautious sentiment or higher underlying expectations.

2. Sustained Broader Semiconductor Industry Underperformance and Supply Chain Headwinds. The analog semiconductor segment, relevant to Power Integrations, experienced a general underperformance, with share prices declining 10.5% on average in the month leading up to August 4, 2026. While the overall semiconductor market is forecast for significant revenue growth in 2026, primarily driven by AI demand, non-AI markets like automotive and industrial electronics (key segments for Power Integrations) face challenges. These challenges include higher component costs and increased competition for advanced packaging and memory integrated circuits (ICs) due to persistent supply constraints expected through at least 2027.

3. Concerns Over Profitability Trends and Shifting Guidance for Operating Expenses. The company's fiscal Q1 2026 earnings, reported on May 7, 2026, showed a year-over-year decrease in EPS of 19.35% (from $0.31 to $0.25), which may have contributed to a cautious market outlook for the period. Furthermore, during the fiscal Q2 2026 earnings call, management revised its full-year 2026 non-GAAP operating expense guidance, now anticipating a low single-digit decrease compared to the low single-digit growth projected in fiscal Q1. This revision could be interpreted as a more conservative outlook on operational spending or future market conditions.

4. Technical Sell-Off and High Valuation. Technical analysis rated Power Integrations as a "Sell Candidate" as of August 3, 2026, noting a 14.77% stock price decline since a "Sell" signal was initiated on July 23, 2026. Prior to its fiscal Q2 2026 earnings release, the stock carried a high trailing P/E ratio of 195.11 as of July 29, 2026, indicating a potentially overvalued position that was susceptible to a correction as investors re-evaluated the company's prospects against market conditions.

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Stock Movement Drivers

Fundamental Drivers

The -14.6% change in POWI stock from 4/30/2026 to 8/10/2026 was primarily driven by a -24.1% change in the company's P/E Multiple.
(LTM values as of)43020268102026Change
Stock Price ($)72.5361.97-14.6%
Change Contribution By: 
Total Revenues ($ Mil)4444491.3%
Net Income Margin (%)5.0%5.6%12.0%
P/E Multiple181.6137.8-24.1%
Shares Outstanding (Mil)5556-0.8%
Cumulative Contribution-14.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/10/2026
ReturnCorrelation
POWI-14.6% 
Market (SPY)7.6%52.8%
Sector (XLK)16.8%70.4%

Fundamental Drivers

The 35.8% change in POWI stock from 1/31/2026 to 8/10/2026 was primarily driven by a 38.5% change in the company's Net Income Margin (%).
(LTM values as of)13120268102026Change
Stock Price ($)45.6261.9735.8%
Change Contribution By: 
Total Revenues ($ Mil)4464490.9%
Net Income Margin (%)4.0%5.6%38.5%
P/E Multiple141.9137.8-2.9%
Shares Outstanding (Mil)56560.1%
Cumulative Contribution35.8%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/10/2026
ReturnCorrelation
POWI35.8% 
Market (SPY)12.0%45.6%
Sector (XLK)29.7%61.1%

Fundamental Drivers

The 30.0% change in POWI stock from 7/31/2025 to 8/10/2026 was primarily driven by a 88.5% change in the company's P/E Multiple.
(LTM values as of)73120258102026Change
Stock Price ($)47.6761.9730.0%
Change Contribution By: 
Total Revenues ($ Mil)4334493.8%
Net Income Margin (%)8.6%5.6%-34.9%
P/E Multiple73.1137.888.5%
Shares Outstanding (Mil)57562.0%
Cumulative Contribution30.0%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/10/2026
ReturnCorrelation
POWI30.0% 
Market (SPY)23.3%48.6%
Sector (XLK)42.4%55.3%

Fundamental Drivers

The -33.5% change in POWI stock from 7/31/2023 to 8/10/2026 was primarily driven by a -75.6% change in the company's Net Income Margin (%).
(LTM values as of)73120238102026Change
Stock Price ($)93.1461.97-33.5%
Change Contribution By: 
Total Revenues ($ Mil)575449-21.9%
Net Income Margin (%)22.9%5.6%-75.6%
P/E Multiple40.5137.8240.7%
Shares Outstanding (Mil)57562.4%
Cumulative Contribution-33.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/10/2026
ReturnCorrelation
POWI-33.5% 
Market (SPY)74.8%54.7%
Sector (XLK)112.9%58.1%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
POWI Return14%-22%16%-24%-41%83%-16%
Peers Return45%-16%38%-3%14%46%173%
S&P 500 Return27%-19%24%23%16%13%107%

Monthly Win Rates [3]
POWI Win Rate42%50%58%33%42%75% 
Peers Win Rate67%38%62%40%52%55% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
POWI Max Drawdown-24%-36%-31%-29%-53%-35% 
Peers Max Drawdown-17%-32%-28%-26%-37%-28% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: ON, MPWR, TXN, ADI, NXPI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/10/2026 (YTD)

How Low Can It Go

EventPOWIS&P 500
2025 US Tariff Shock
  % Loss-34.4%-18.8%
  % Gain to Breakeven52.5%23.1%
  Time to Breakeven378 days79 days
2024 Yen Carry Trade Unwind
  % Loss-17.2%-7.8%
  % Gain to Breakeven20.7%8.5%
  Time to Breakeven616 days18 days
2023 SVB Regional Banking Crisis
  % Loss-13.5%-6.7%
  % Gain to Breakeven15.6%7.1%
  Time to Breakeven20 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-31.7%-24.5%
  % Gain to Breakeven46.4%32.4%
  Time to Breakeven238 days427 days
2020 COVID-19 Crash
  % Loss-21.7%-33.7%
  % Gain to Breakeven27.7%50.9%
  Time to Breakeven44 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-17.0%-19.2%
  % Gain to Breakeven20.5%23.8%
  Time to Breakeven31 days105 days

Compare to ON, MPWR, TXN, ADI, NXPI

In The Past

Power Integrations's stock fell -34.4% during the 2025 US Tariff Shock. Such a loss loss requires a 52.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPOWIS&P 500
2025 US Tariff Shock
  % Loss-34.4%-18.8%
  % Gain to Breakeven52.5%23.1%
  Time to Breakeven378 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-31.7%-24.5%
  % Gain to Breakeven46.4%32.4%
  Time to Breakeven238 days427 days
2020 COVID-19 Crash
  % Loss-21.7%-33.7%
  % Gain to Breakeven27.7%50.9%
  Time to Breakeven44 days140 days
2014-2016 Oil Price Collapse
  % Loss-38.9%-6.8%
  % Gain to Breakeven63.7%7.3%
  Time to Breakeven366 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.2%-17.9%
  % Gain to Breakeven32.0%21.8%
  Time to Breakeven179 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-28.3%-15.4%
  % Gain to Breakeven39.5%18.2%
  Time to Breakeven240 days125 days
2008-2009 Global Financial Crisis
  % Loss-55.2%-53.4%
  % Gain to Breakeven123.3%114.4%
  Time to Breakeven274 days1085 days

Compare to ON, MPWR, TXN, ADI, NXPI

In The Past

Power Integrations's stock fell -34.4% during the 2025 US Tariff Shock. Such a loss loss requires a 52.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Power Integrations (POWI)

Power Integrations (POWI) is a leading designer and manufacturer of analog and mixed-signal integrated circuits (ICs) that specialize in high-voltage power conversion. Essentially, the company's technology is fundamental to efficiently managing and converting electrical power within a vast range of electronic devices and systems. Their products are critical for converting alternating current (AC) into direct current (DC) and for handling high-power applications, ensuring devices operate reliably and with optimized energy consumption.

The company's product portfolio is diverse, addressing power requirements from less than one watt to hundreds of watts. Key offerings include AC-to-DC power conversion ICs found in ubiquitous devices like mobile device chargers, consumer appliances, utility meters, LCD monitors, and LED lighting. For higher power demands, Power Integrations provides high-voltage gate drivers under the SCALE and SCALE-iDriver families, which are essential for electric vehicles (EVs) in powertrain and charging systems, as well as industrial motors, solar, and wind-power systems. They also offer motor-driver ICs for energy-efficient operation in appliances like refrigerators and washing machines, along with high-voltage diodes.

Power Integrations serves a broad global customer base, primarily original equipment manufacturers (OEMs) and merchant power supply manufacturers across the communications, computer, consumer, and industrial markets. Their components are integral to the final products these customers produce, highlighting POWI's role as a critical enabler of modern electronics and power infrastructure worldwide.

AI Analysis | Feedback

Here are a few analogies to describe Power Integrations (POWI):

  • They're like the 'Intel Inside' for power management, making the critical chips that efficiently handle electricity in everything from phone chargers to electric cars.
  • Think of them as a specialized version of Texas Instruments or Analog Devices, but focused solely on high-voltage integrated circuits that efficiently convert and manage power across a vast range of electronics.

AI Analysis | Feedback

  • AC-DC Power Conversion Products: Integrated circuits designed to convert alternating current to direct current for a broad range of applications including mobile devices, consumer appliances, and industrial systems.
  • High-Voltage Diodes: Electronic components specifically engineered for use in high-voltage power conversion applications.
  • High-Voltage Gate-Driver Products (SCALE and SCALE-2): Integrated circuits used to efficiently operate high-voltage switches such as insulated-gate bipolar transistors and silicon-carbide MOSFETs.
  • SCALE-iDriver: A specialized gate-driver product family developed for powertrain and charging applications in electric vehicles.
  • Motor-Driver ICs: Integrated circuits designed to control electric motors in various consumer appliances, including refrigerators, fans, and washing machines.

AI Analysis | Feedback

Power Integrations (POWI) primarily sells its products to other companies, specifically Original Equipment Manufacturers (OEMs) and merchant power supply manufacturers. The company's integrated circuits and electronic components are designed into a wide array of end products across various markets.

Based on the provided information, specific customer company names are not listed. However, Power Integrations serves manufacturers in the following key markets and applications:

  • Consumer Electronics: Including mobile-device chargers, consumer appliances (refrigerator compressors, ceiling fans, air purifiers, dishwashers, laundry machines), utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, and LED lighting.
  • Industrial Applications: Such as industrial motors, solar and wind-power systems, and high-voltage DC transmission systems.
  • Electric Vehicles: Providing high-voltage gate-driver products and SCALE-iDriver for powertrain and charging applications.

The company sells its products through a direct sales force, as well as a network of independent sales representatives and distributors, reaching these manufacturers globally.

AI Analysis | Feedback

  • Taiwan Semiconductor Manufacturing Company Limited (TSM)
  • United Microelectronics Corporation (UMC)
  • Semiconductor Manufacturing International Corporation (0981)
  • ASE Technology Holding Co., Ltd. (ASX)
  • JCET Group Co., Ltd. (600584)
  • Amkor Technology, Inc. (AMKR)

AI Analysis | Feedback

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Jennifer Lloyd, President and CEO

Dr. Lloyd joined Power Integrations as president, CEO, and a board member in July 2025. Prior to this, she spent nearly three decades at Analog Devices, Inc., a global semiconductor leader. Her roles at Analog Devices included corporate vice president, where she led the company's multi-market power business unit, and leadership positions for Analog's precision franchise and its healthcare and consumer unit. Dr. Lloyd holds doctoral, master's, and bachelor's degrees in electrical engineering and computer science from the Massachusetts Institute of Technology.

Nancy Erba, Chief Financial Officer

Ms. Erba became Power Integrations' chief financial officer in January 2026. Before joining Power Integrations, she served as CFO at Infinera Corporation, a supplier of optical networking solutions, from 2019 until its acquisition by Nokia in 2025. From 2016 to 2019, she was the CFO at Immersion Corporation, a leader in haptic touch technology. Earlier in her career, Ms. Erba held various leadership positions in finance, business operations, and corporate development at Seagate Technology.

Radu Barsan, Vice President of Technology

Dr. Barsan has served as Vice President of Technology at Power Integrations since January 2013, overseeing the company's technology development, foundry engineering, and quality organizations. He brings over 30 years of experience in engineering management, technology development, and manufacturing in silicon and compound-semiconductor technologies. Most recently, he was president and CEO of Redfern Integrated Optics, Inc., a privately held optoelectronics company. His previous experience includes engineering-management roles at Phaethon Communications, Cirrus Logic, Advanced Micro Devices, and Cypress Semiconductor.

Sunny Gupta, Senior Vice President, Operations

Mr. Gupta joined Power Integrations in 2020. Previously, he was vice president of operations at Renesas Electronics Corporation. Before that, he served as senior vice president of global operations at Intersil Corporation until its acquisition by Renesas. Mr. Gupta's earlier career also includes a role as director of worldwide customer quality engineering at Qualcomm and 16 years in wafer fab operations and quality at National Semiconductor.

Julie Currie, Chief People and Transformation Officer

Ms. Currie joined Power Integrations in November 2025, bringing over 25 years of global experience in leading people and organizational transformation across the technology sector. She is responsible for all aspects of Power Integrations' people strategy and enterprise transformation. Prior to Power Integrations, Ms. Currie served as chief people officer at high-growth technology companies like GRAIL Biotech and Amplitude. She also held senior leadership roles at larger organizations such as Sony PlayStation, AMD, and Western Digital.

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AI Analysis | Feedback

The key risks to Power Integrations' business are:

  1. Intense Industry Competition and Market Cyclicality: Power Integrations operates in a highly competitive high-voltage power supply industry, facing pressure on market share and pricing from larger rivals. Its focus on a specific niche, despite technological leadership, makes it vulnerable to this competition. Furthermore, the company's operating results have historically been volatile and difficult to predict due to demand fluctuations in its end markets, such as consumer appliances and mobile device chargers, and the cyclical nature of the semiconductor industry. This volatility has contributed to flat long-term revenue growth and shrinking operating margins.

  2. Reliance on International Sales and Exposure to Geopolitical and Trade Risks: A significant portion of Power Integrations' net revenue is generated from international sales, particularly from markets like China and Hong Kong. This reliance exposes the company to risks associated with regional economic fluctuations, trade tensions, tariffs, trade barriers, and foreign currency exchange rate fluctuations, which can disrupt operations and reduce demand for its products.

  3. Intellectual Property Risks: As a technology-driven company that designs, develops, and markets integrated circuits and electronic components, Power Integrations' competitive advantage heavily depends on its intellectual property and proprietary technologies, such as its Gallium Nitride (GaN) products. The company faces risks related to the protection and enforcement of its intellectual property rights, potential patent expirations, and ongoing litigation, which could lead to significant losses, impact market share, and reduce profitability.

AI Analysis | Feedback

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AI Analysis | Feedback

Power Integrations (POWI) operates within several significant addressable markets for its high-voltage power conversion products and integrated circuits. Here are the estimated market sizes for its main product categories:

AC to DC Power Conversion Products

  • The global AC DC power adapters market was valued at approximately USD 43.18 billion in 2025 and is projected to grow to USD 132.04 billion by 2031, demonstrating a compound annual growth rate (CAGR) of 19.69% over the 2026-2031 period. This market includes products like those used in mobile device chargers, consumer appliances, and LED lighting.
  • More broadly, the global AC-DC converter market was valued at approximately USD 36.60 billion in 2024 and is projected to reach USD 85.61 billion by 2034, with a CAGR of roughly 8.06% between 2025 and 2034. This market is driven by increasing demand for consumer electronics, industrial automation, renewable energy installations, and electric vehicle charging infrastructure.

High-Voltage Gate-Driver Products

  • The global gate driver IC market was valued at around USD 1.70 billion in 2025 and is anticipated to expand to USD 2.45 billion by 2033, with a CAGR of 5% between 2026 and 2033. Another estimate places the global gate driver IC market size at USD 2.03 billion in 2024, expected to reach USD 3.34 billion by 2032, growing at a CAGR of 6.42%. These drivers are crucial for applications in renewable energy systems, industrial automation, and electric vehicles.
  • Specifically for the electric vehicle (EV) sector, the global high-voltage gate driver board market for EVs reached USD 1.22 billion in 2024 and is forecasted to attain USD 4.17 billion by 2033, expanding at a robust CAGR of 15.8%.
  • The global isolated gate drivers market, a component of high-voltage gate drivers, is estimated at USD 0.17 billion in 2026 and is expected to grow to USD 0.31 billion by 2035, at a CAGR of 7.53%.

Motor-Driver ICs

  • The global motor driver IC market was valued at USD 6.8 billion in 2025 and is projected to reach USD 12.16 billion by 2035, exhibiting a CAGR of 6.1%. Another report indicates the global motor driver IC market size was USD 7.29 billion in 2025, projected to grow to USD 13.71 billion by 2034 at a CAGR of 7.26%. This growth is largely fueled by the increasing adoption of electric vehicles, industrial automation, and the rising use of motors in smart appliances.

AI Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for Power Integrations (POWI) over the next 2-3 years:

1. Strong Growth in the Industrial Segment: Power Integrations anticipates continued robust revenue growth from its industrial segment, building on a strong performance in 2025 where revenues were up nearly 20% for the year. This growth is propelled by significant macroeconomic trends such as electrification and grid modernization. Key applications contributing to this driver include renewables, energy storage, high-voltage DC transmission, and smart meters.

2. Increasing Adoption of GaN and High-Power Products: The company achieved a 10% increase in design win value in 2025, largely driven by its Gallium Nitride (GaN) and high-power product offerings. GaN technology is specifically highlighted by Power Integrations as "the Future of HV Power Conversion," indicating a strategic focus and expected continued market penetration.

3. Expansion into AI Data Center Applications: Power Integrations is strategically investing in and collaborating on solutions for AI data centers. Notably, the company is working with NVIDIA on an 800V DC architecture specifically for AI data centers, with production targeted for late 2026. While this market may take more time to become a significant revenue contributor, it represents a crucial long-term growth opportunity.

4. Growth in Automotive Solutions: The company is focused on the automotive market, offering solutions for efficient and compact high-voltage power conversion and control. Despite some short-term challenges in the broader automotive sector, strategic investments in this area, particularly for powertrain and charging applications in electric vehicles, are considered key for long-term value creation and revenue expansion.

AI Analysis | Feedback

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[1] Share Repurchases

  • In 2025, Power Integrations repurchased 2.0 million shares of its common stock for $98.1 million, exhausting its existing repurchase authorization.
  • On May 12, 2025, the company announced a new share repurchase program authorizing the repurchase of up to an additional $50 million worth of its shares, with no expiration date.
  • Power Integrations returned $145 million to shareholders in 2025 through a combination of buybacks and dividends.

[2] Share Issuance

  • The number of outstanding shares decreased in recent years, from 60.25 million in 2021 to 55.79 million in 2025, indicating a net effect of repurchases outweighing any issuances, likely from equity compensation.
  • The company's 2025 Inducement Award Plan allows for grants of Restricted Stock Units (RSUs), Performance Stock Units (PSUs), and Performance-Restricted Stock Units (PRSUs), which are forms of share issuance for employee compensation.

[5] Capital Expenditures

  • Capital expenditures for Power Integrations totaled $24 million in 2025.
  • The company plans to continue capital expenditure in fiscal year 2026, primarily for machinery and equipment to support future growth.
  • Capital expenditures contribute to the company's free cash flow, which was $87 million in 2025, $64 million in 2024, and $45 million in 2023.
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Peer Comparisons

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Financials

POWIONMPWRTXNADINXPIMedian
NamePower In.ON Semic.Monolith.Texas In.Analog D.NXP Semi. 
Mkt Price61.9779.781,381.10280.44383.93233.43256.94
Mkt Cap3.531.167.9255.8187.2589.2127.5
Rev LTM4496,1983,27319,45312,74013,1859,469
Op Inc LTM211,1199407,4054,1923,6042,361
FCF LTM791,5005835,3554,5652,6492,075
FCF 3Y Avg721,2216342,7843,6412,4261,824
CFO LTM981,6728228,6675,1063,1292,400
CFO 3Y Avg931,8488117,1854,4123,1272,487

Growth & Margins

POWIONMPWRTXNADINXPIMedian
NamePower In.ON Semic.Monolith.Texas In.Analog D.NXP Semi. 
Rev Chg LTM1.6%-3.1%28.7%16.7%29.8%8.8%12.7%
Rev Chg 3Y Avg-3.7%-9.2%21.8%1.9%1.6%0.2%0.9%
Rev Chg Q2.7%9.2%47.6%22.8%37.2%19.5%21.1%
QoQ Delta Rev Chg LTM0.7%2.2%10.7%5.5%8.4%4.5%5.0%
Op Inc Chg LTM2.4%-0.3%42.3%27.3%81.4%16.2%21.7%
Op Inc Chg 3Y Avg-22.2%-22.4%24.6%-2.4%9.3%-0.4%-1.4%
Op Mgn LTM4.8%18.0%28.7%38.1%32.9%27.3%28.0%
Op Mgn 3Y Avg4.7%21.7%26.3%36.4%27.4%27.0%26.6%
QoQ Delta Op Mgn LTM2.3%0.5%1.6%2.0%3.2%1.9%2.0%
CFO/Rev LTM21.8%27.0%25.1%44.6%40.1%23.7%26.1%
CFO/Rev 3Y Avg21.2%27.3%32.7%41.1%40.1%24.3%30.0%
FCF/Rev LTM17.6%24.2%17.8%27.5%35.8%20.1%22.1%
FCF/Rev 3Y Avg16.5%18.5%26.0%15.3%32.9%18.9%18.7%

Valuation

POWIONMPWRTXNADINXPIMedian
NamePower In.ON Semic.Monolith.Texas In.Analog D.NXP Semi. 
Mkt Cap3.531.167.9255.8187.2589.2127.5
P/S7.75.020.713.114.744.713.9
P/Op Inc161.627.872.234.544.7163.558.4
P/EBIT161.640.072.234.243.9137.558.0
P/E137.849.484.442.356.5198.170.4
P/CFO35.218.682.529.536.7188.335.9
Total Yield2.1%2.0%1.7%4.4%2.8%0.7%2.1%
Dividend Yield1.4%0.0%0.5%2.0%1.1%0.2%0.8%
FCF Yield 3Y Avg1.9%4.3%1.5%1.2%2.6%2.6%2.2%
D/E0.00.10.00.10.00.00.0
Net D/E-0.10.0-0.00.00.00.00.0

Returns

POWIONMPWRTXNADINXPIMedian
NamePower In.ON Semic.Monolith.Texas In.Analog D.NXP Semi. 
1M Rtn-14.0%-16.9%2.1%-9.5%-3.0%-20.1%-11.8%
3M Rtn-16.4%-25.6%-16.7%-5.3%-8.9%-23.5%-16.6%
6M Rtn36.3%22.5%14.9%29.5%19.6%2.9%21.1%
12M Rtn42.8%67.4%72.9%53.7%73.7%14.7%60.5%
3Y Rtn-22.3%-15.6%181.3%83.9%120.0%20.6%52.2%
1M Excs Rtn-16.4%-19.2%-0.2%-11.8%-5.3%-22.5%-14.1%
3M Excs Rtn-20.0%-27.5%-18.4%-6.8%-12.4%-25.3%-19.2%
6M Excs Rtn20.0%10.5%0.9%16.1%8.7%-6.9%9.6%
12M Excs Rtn24.0%45.4%52.0%32.5%52.1%-6.9%38.9%
3Y Excs Rtn-100.4%-94.5%92.9%5.7%38.2%-58.2%-26.3%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Design, development, manufacture and marketing of integrated circuits and related components for use444419445651703
Total444419445651703


Price Behavior

Price Behavior
Market Price$61.97 
Market Cap ($ Bil)3.4 
First Trading Date12/12/1997 
Distance from 52W High-29.1% 
   50 Days200 Days
DMA Price$73.33$54.57
DMA Trendupdown
Distance from DMA-15.5%13.6%
 3M1YR
Volatility80.7%63.0%
Downside Capture445.80239.47
Upside Capture287.21226.58
Correlation (SPY)52.1%49.0%
POWI Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta3.252.952.972.102.331.75
Up Beta8.044.133.742.513.091.68
Down Beta-0.751.590.971.851.831.48
Up Capture61%234%336%292%394%619%
Bmk +ve Days11223567138427
Stock +ve Days9213671131373
Down Capture487%319%320%162%161%112%
Bmk -ve Days11212859114326
Stock -ve Days13222754120379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POWI
POWI46.5%62.8%0.84-
Sector ETF (XLK)42.3%25.9%1.3255.8%
Equity (SPY)23.4%12.8%1.3748.9%
Gold (GLD)28.7%28.4%0.8818.8%
Commodities (DBC)37.2%20.1%1.46-3.7%
Real Estate (VNQ)12.4%13.8%0.604.9%
Bitcoin (BTCUSD)-44.9%43.0%-1.2721.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POWI
POWI-7.4%45.8%-0.02-
Sector ETF (XLK)20.4%25.8%0.7063.3%
Equity (SPY)13.5%17.2%0.6159.2%
Gold (GLD)18.9%18.6%0.8313.8%
Commodities (DBC)9.2%19.6%0.3610.3%
Real Estate (VNQ)2.1%18.9%0.0136.0%
Bitcoin (BTCUSD)10.6%52.9%0.3925.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POWI
POWI9.1%42.6%0.35-
Sector ETF (XLK)24.4%24.9%0.8965.5%
Equity (SPY)15.4%17.9%0.7361.6%
Gold (GLD)12.1%16.2%0.6110.6%
Commodities (DBC)7.7%18.1%0.3416.1%
Real Estate (VNQ)4.6%20.7%0.1839.2%
Bitcoin (BTCUSD)58.3%66.2%0.9817.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7152026
Short Interest: Shares Quantity5.5 Mil
Short Interest: % Change Since 630202617.1%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest6.9 days
Basic Shares Quantity55.7 Mil
Short % of Basic Shares9.8%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-4.8%  
5/7/20262.0%-0.2%7.0%
2/5/20260.3%-1.1%0.3%
11/5/20251.6%-9.2%-5.7%
8/6/2025-9.2%2.0%-5.0%
5/12/2025-6.2%-10.9%-1.7%
2/6/2025-1.8%-1.6%-1.9%
11/6/2024-1.6%-4.7%-4.6%
...
SUMMARY STATS   
# Positive9910
# Negative151413
Median Positive4.2%7.5%7.6%
Median Negative-5.5%-4.3%-4.9%
Max Positive14.1%16.9%27.6%
Max Negative-9.2%-10.9%-18.8%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/5/2026-4.8%  
5/7/20262.0%-0.2%7.0%
2/5/20260.3%-1.1%0.3%
11/5/20251.6%-9.2%-5.7%
8/6/2025-9.2%2.0%-5.0%
5/12/2025-6.2%-10.9%-1.7%
2/6/2025-1.8%-1.6%-1.9%
11/6/2024-1.6%-4.7%-4.6%
8/6/2024-7.0%-4.8%-6.9%
5/7/20249.2%10.2%8.0%
2/8/20244.2%-3.4%-4.8%
11/7/2023-6.9%1.6%4.6%
8/3/2023-6.4%-5.9%-4.9%
5/4/20237.6%7.5%18.3%
2/6/2023-2.1%-4.2%-5.1%
11/2/2022-6.4%5.4%19.4%
8/4/2022-3.3%-5.9%-18.8%
4/28/2022-5.5%-1.8%0.5%
2/3/20225.0%9.8%7.2%
10/28/2021-3.5%-4.5%-2.9%
7/29/202114.1%16.9%27.6%
4/29/2021-1.5%-3.9%-2.1%
2/2/2021-6.9%0.6%-6.6%
10/29/20203.2%11.6%22.5%
SUMMARY STATS   
# Positive9910
# Negative151413
Median Positive4.2%7.5%7.6%
Median Negative-5.5%-4.3%-4.9%
Max Positive14.1%16.9%27.6%
Max Negative-9.2%-10.9%-18.8%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/06/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/12/202510-Q
12/31/202402/07/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202302/12/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/07/202310-K
09/30/202211/02/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/06/202610-Q
03/31/202605/07/202610-Q
12/31/202502/06/202610-K
09/30/202511/05/202510-Q
06/30/202508/06/202510-Q
03/31/202505/12/202510-Q
12/31/202402/07/202510-K
09/30/202411/06/202410-Q
06/30/202408/06/202410-Q
03/31/202405/07/202410-Q
12/31/202302/12/202410-K
09/30/202311/07/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/07/202310-K
09/30/202211/02/202210-Q
06/30/202208/04/202210-Q
03/31/202204/28/202210-Q
12/31/202102/07/202210-K
09/30/202110/28/202110-Q
06/30/202107/29/202110-Q
03/31/202104/29/202110-Q
12/31/202002/05/202110-K
09/30/202010/29/202010-Q
06/30/202007/31/202010-Q
03/31/202005/07/202010-Q
12/31/201902/07/202010-K
09/30/201910/25/201910-Q

Recent Forward Guidance

Updated 8/6/2026

Latest: Q2 2026 Earnings Reported 8/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q3 2026 Revenue122.00 Mil126.00 Mil130.00 Mil7.2% Higher NewGuidance: 117.50 Mil for Q2 2026
Q3 2026 GAAP Gross Margin53.3%53.85%54.4% -0.2%Lower NewGuidance: 54.0% for Q2 2026
Q3 2026 Non-GAAP Gross Margin54.0%54.5%55.0% 0.0%Same NewGuidance: 54.5% for Q2 2026
Q3 2026 GAAP Operating Expenses55.00 Mil55.50 Mil56.00 Mil0.0% Same NewGuidance: 55.50 Mil for Q2 2026
Q3 2026 Non-GAAP Operating Expenses45.00 Mil45.50 Mil46.00 Mil-3.2% Lower NewGuidance: 47.00 Mil for Q2 2026
Q3 2026 GAAP Operating Margin8.3%9.6%10.9% 3.1%Higher NewGuidance: 6.5% for Q2 2026
Q3 2026 Non-GAAP Operating Margin17.0%18.0%19.0% 3.5%Higher NewGuidance: 14.5% for Q2 2026

Prior: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Revenue115.00 Mil117.50 Mil120.00 Mil10.3% Higher NewGuidance: 106.50 Mil for Q1 2026
Q2 2026 GAAP Gross Margin53.5%54.0%54.5% 1.5%Higher NewGuidance: 52.5% for Q1 2026
Q2 2026 Non-GAAP Gross Margin54.0%54.5%55.0% 1.0%Higher NewGuidance: 53.5% for Q1 2026
Q2 2026 GAAP Operating Expenses55.00 Mil55.50 Mil56.00 Mil1.4% Higher NewGuidance: 54.75 Mil for Q1 2026
Q2 2026 Non-GAAP Operating Expenses46.50 Mil47.00 Mil47.50 Mil2.2% Higher NewGuidance: 46.00 Mil for Q1 2026
Q2 2026 GAAP Operating Margin5.5%6.5%7.5%   
Q2 2026 Non-GAAP Operating Margin13.5%14.5%15.5%   

Q4 2025 Earnings Reported 2/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Revenue104.00 Mil106.50 Mil109.00 Mil3.9% Higher NewGuidance: 102.50 Mil for Q4 2025
Q1 2026 GAAP Gross Margin52.0%52.5%53.0% -0.8%Lower NewGuidance: 53.25% for Q4 2025
Q1 2026 Non-GAAP Gross Margin53.0%53.5%54.0% -0.2%Lower NewGuidance: 53.75% for Q4 2025
Q1 2026 GAAP Operating Expenses54.00 Mil54.75 Mil55.50 Mil-2.2% Lower NewGuidance: 56.00 Mil for Q4 2025
Q1 2026 Non-GAAP Operating Expenses45.50 Mil46.00 Mil46.50 Mil-2.1% Lower NewGuidance: 47.00 Mil for Q4 2025
Q1 2026 Dividends 0.21    

Q3 2025 Earnings Reported 11/5/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Revenue100.00 Mil102.50 Mil105.00 Mil-13.1% Lower NewGuidance: 118.00 Mil for Q3 2025
Q4 2025 GAAP Gross Margin53.0%53.25%53.5% -1.5%Lower NewGuidance: 54.75% for Q3 2025
Q4 2025 Non-GAAP Gross Margin53.5%53.75%54.0% -1.5%Lower NewGuidance: 55.25% for Q3 2025
Q4 2025 GAAP Operating Expenses 56.00 Mil -22.8% Lower NewGuidance: 72.50 Mil for Q3 2025
Q4 2025 Non-GAAP Operating Expenses 47.00 Mil -1.1% Lower NewGuidance: 47.50 Mil for Q3 2025

Insider Activity

Updated 7/27/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lloyd, Jennifer APresident and CEODirectSell724202673.7312,690935,63410,075,573Form
2Gupta, SunilSr. Vice President, OperationsDirectSell602202683.676,860573,9605,386,443Form
3Balakrishnan, Balu by TrustSell529202686.44124,28710,743,13024,160,827Form
4Brathwaite, Nicholas DirectSell529202686.621,728149,6791,925,216Form
5Gupta, SunilSr. Vice President, OperationsDirectSell528202682.1815,8941,306,2455,854,763Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Lloyd, Jennifer APresident and CEODirectSell724202673.7312,690935,63410,075,573Form
2Gupta, SunilSr. Vice President, OperationsDirectSell602202683.676,860573,9605,386,443Form
3Balakrishnan, Balu by TrustSell529202686.44124,28710,743,13024,160,827Form
4Brathwaite, Nicholas DirectSell529202686.621,728149,6791,925,216Form
5Gupta, SunilSr. Vice President, OperationsDirectSell528202682.1815,8941,306,2455,854,763Form
6Brathwaite, Nicholas DirectSell528202682.716,655550,4621,981,331Form
7Balakrishnan, Balu by TrustSell528202681.72118,5739,690,19033,000,158Form
8Balakrishnan, Balu by TrustSell526202670.7153,8803,810,03336,938,931Form
9Brathwaite, Nicholas DirectSell515202672.416,895499,2722,216,419Form
10Jain, GaganVP, Worldwide SalesDirectSell406202651.9331316,2541,327,077Form
11Jain, GaganVP, Worldwide SalesDirectSell227202648.223,481167,8591,483,730Form
12Balakrishnan, Balu by TrustSell210202647.204,995235,75227,197,900Form
13Gupta, SunilVP of OperationsDirectSell210202645.971,27258,4744,456,010Form
14Balakrishnan, Balu by TrustSell210202646.536,368296,30227,045,493Form
15Lloyd, Jennifer APresident and CEODirectSell210202646.573,322154,7053,553,594Form
16Gupta, SunilVP of OperationsDirectSell210202646.571,40165,2444,573,368Form
17Balakrishnan, Balu by TrustSell205202644.7510,080451,11225,747,903Form
18Gupta, SunilVP of OperationsDirectSell205202645.582,16898,8264,365,375Form
19Jain, GaganVP, Worldwide SalesDirectSell205202645.581577,1571,488,510Form
20Balakrishnan, Balu by TrustSell202202646.595,581260,03627,266,562Form
21Jain, GaganVP, Worldwide SalesDirectSell129202646.5099546,2681,513,532Form
22Gupta, SunilVP of OperationsDirectSell129202646.501,69878,9574,541,758Form
23Jain, GaganVP, Worldwide SalesDirectSell1126202533.801,03334,915581,766Form
24Verity, Robert EricInterim CFODirectSell1105202540.211104,424328,433Form
25Jain, GaganVP, Worldwide SalesDirectSell1105202540.221114,464733,748Form
26Jain, GaganVP, Worldwide SalesDirectSell925202541.4345618,892760,489Form
27Bailey, DougFormer VP MarketingDirectSell826202547.3814,998710,5861,696,157Form
28Bailey, DougFormer VP MarketingDirectSell820202546.4116,989788,4032,357,368Form
29Bailey, DougVP MarketingDirectSell818202546.8616,989796,0843,176,417Form
30Jain, GaganVP, Worldwide SalesDirectSell814202546.052,03693,759866,302Form

Investor Activity (13F)

Updated Aug 11, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
S Squared Technology, LLC$7.0 Mil2.7%35ADD +5.3%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
S Squared Technology, LLC$7.0 Mil2.7%35ADD +5.3%13F
Active Manager
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
S Squared Technology, LLC$7.0 Mil2.7%35ADD +5.3%13F
Core Cache Last Updated: 8/10/2026