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Power Integrations Inc (POWI) stock

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NASDAQ: POWI Nasdaq Semiconductors Next results ~November 4, 2026

C+ Fundamentals grade

Power Integrations Inc is a US-listed company in the semiconductors industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$18

Cash-flow model

Base case. Range ~$14–$22 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Overvalued

The price is above our entire value range; our base value is 61% below it.

Price used: $44.85, November 2, 2026

Power Integrations Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 6 selling0 purchases and 35 sales by directors and officers, last 12 monthsInsider trades
  • Funds210 adding, 140 cuttingOf 45 active managers that changed their stake, 25 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Power Integrations files

Where Power Integrations stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $449m, up 1.6% on a year earlier, slower than the 3.1% growth a quarter earlier. That puts it 37 of 43 for growth among the semiconductor companies we cover. Free-cash-flow margin fell to 17.6% from 18.7% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $15.65 a share, against a share price of $49.33.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Power Integrations Inc's trailing-twelve-month revenue grew 1.6% year on year, with a free-cash-flow margin of 17.6%. Where it stands out: days sales outstanding of 22 days ranks 3 of 62 semiconductor companies we cover.

Our discounted-cash-flow model values the business at ~$18 per share in the base case (~$14–$22 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 4.4% while net income fell 25.4%: a 21pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 1.6% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $44.85 is 61% above our value per share of $18.
  • High earnings multiple. The shares trade at 100 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 58% and a beta of 2.2 against the S&P 500.
  • Insiders selling. 6 insiders sold $30M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Heavily shorted. 13.1% of the shares available to trade are sold short (6.5 days of average volume to cover).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.37 against an average estimate of $0.32: beat by 15.8%
Revenue
$119m, up 2.7% on a year earlier
Share reaction
-8.7% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Next report
November 4, 2026; average EPS estimate $0.41

Power Integrations' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.3%
  • 1 week-5.3%
  • 1 month-17.6%
  • This year+27.6%
  • 1 year+8.9%
  • 5 years-53.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$449M
Operating margin
3.4%
Net margin
5.6%
EPS (TTM, diluted)
$0.45

Growth

Revenue growth
+1.6%
Change in growth rate
−1.6 pts
Share count change
−1.6%

Cash

Free cash flow (TTM)
$79M
FCF margin
17.6%
Stock pay % of revenue
8.6%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Power Integrations Inc valuation models and calculator

What the price is pricing in

The share price implies about 26.3% a year of cash-flow growth for five years.That is faster than the -8.6% a year revenue growth Power Integrations has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in26.3%
  • Last 12 months1.6%
  • 3 years a year-4.4%
  • 5 years a year-8.6%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($47.33, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$18
Price used
$47.33close November 3, 2026
Implied change
▼ 63%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Power Integrations Inc's free cash flow after stock-based pay with after-tax interest added back ($37.7M, FY2026 Q2 TTM), growing 9.6% and 5.5% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$14–~$22 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Power Integrations Inc's free cash flow after stock-based pay ( $37.7M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Power Integrations Inc as an operating company, with every model that fits that kind of business. Cost of equity 12%: the 10-year Treasury yield (4.9%) plus a beta of 1.56 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$18 ~$14–$22 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$28 ~$26–$49 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$10 ~$8.0–$13 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.4 ~$8.5–$11 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$17 ~$9.4–$28 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Power Integrations Inc with Semiconductors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −21%
  • Revenue growth 5 points higher ▲ +28%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▼ −5%
  • Discount rate 1 point higher ▼ −12%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $14$18$23$29$37$47
8.5% $12$15$18$22$28$35
10% $11$13$15$19$23$28

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$21.82$30.74$33.58$28.10$45.98$76.69$87.51$68.18$78.79$59.91$35.15$44.85
Market value$1.3bn$1.8bn$2.1bn$1.7bn$2.7bn$4.7bn$5.4bn$4.0bn$4.5bn$3.4bn$2.0bn$2.5bn
+ Net debt (− = net cash)−$90m−$62m−$94m−$134m−$179m−$259m−$158m−$105m−$64m−$51m−$59m−$71m
Enterprise value$1.2bn$1.8bn$2.0bn$1.6bn$2.6bn$4.4bn$5.2bn$3.9bn$4.5bn$3.4bn$1.9bn$2.4bn
Multiples
Price / sales 3.8x4.7x4.8x4.1x6.5x9.6x7.6x6.1x10.2x8.2x4.5x5.6x
Price / earnings 33.1x37.2x74.3x24.2x14.2x65.6x32.7x23.3x81.5x106.2x89.6x100.4x
Price / free cash flow 16.0x21.2x41.4x28.6x13.7x84.8x29.3x22.6x101.2x53.6x22.7x31.8x
EV / EBITDA 21.8x26.8x25.8x20.9x10.9x46.8x25.3x18.0x63.7x65.8x51.4x60.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

78 /100

Strong moat

How hard Power Integrations's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 19.5% of total assets over 10 years.

  • Pricing power 18 / 20

    Gross margin has been a median 51.8%, moving by 2.1 percentage points (standard deviation) across 10 years.

  • Durability 7 / 20

    Operating margin has been a median 13.4%; its worst year was 3.4%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 10 of 10 years, at a median 17.4% of revenue.

  • Discipline 15 / 20

    The diluted share count fell 8.4% over five years; stock-based pay has been a median 5.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $126m and EPS of $0.41 (range $0.41 to $0.42) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.39 +11% $477m +8%
Next $1.87 +35% $545m +14%

Next year's EPS estimate has moved +1.1% in 90 days, across 5 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.2% on 90 days ago. In the last 30 days, 4 analysts raised Power Integrations Inc's forecast and 0 cut it.

Consensus EPS forecast Power Integrations Inc, last 90 days
$1.20 $1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.33 Current fiscal year, 60 days ago: $1.34 Current fiscal year, 30 days ago: $1.39 Current fiscal year, 7 days ago: $1.39 Current fiscal year, Now: $1.39 $1.39 Next fiscal year, 90 days ago: $1.85 Next fiscal year, 60 days ago: $1.87 Next fiscal year, 30 days ago: $1.87 Next fiscal year, 7 days ago: $1.87 Next fiscal year, Now: $1.87 $1.87

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.33$1.85
60 days ago $1.34$1.87
30 days ago $1.39$1.87
7 days ago $1.39$1.87
Now $1.39$1.87

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.32 $0.37 +15.8%
Mar 2026 $0.24 $0.25 +5.9%
Dec 2025 $0.19 $0.23 +19.5%
Sept 2025 $0.35 $0.36 +2.7%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Power Integrations Inc's revenue by +9.6% next year and +5.5% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+13.8%, weight 64%) and the company's own record (+2.0%, weight 36%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy360%
Hold240%
Sell00%

Monthly trend

  1. Oct 20261225
  2. Sep 20261225
  3. Aug 20261225

Counts of recommendations published by analysts covering Power Integrations Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.1%
of tradable shares
Days to cover
6.52
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.7%
of shares
Employees
877
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +8.9%

$41.17 on October 31, 2025 to $44.85

ThenNowEffect
Revenue (last 12 months) $442m $449m +1.6%
Net margin 7.6% 5.6% −26.5%
P/E multiple 69.8x 100.4x +43.7%
Share count 57m 56m +1.6%

Biggest factor: p/e multiple.

Last 3 years −37.4%

$71.61 on November 3, 2023 to $44.85

ThenNowEffect
Revenue (last 12 months) $515m $449m −12.7%
Net margin 17.6% 5.6% −68.3%
P/E multiple 45.6x 100.4x +120.1%
Share count 58m 56m +2.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
POWI+14%−22%+16%−24%−41%+28%
Industry peers (median)+36%−39%+15%−9%+19%+13%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
POWI42%50%58%33%42%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
POWI−24%−36%−31%−29%−53%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 71% from September 2, 2021 to November 20, 2025. Getting back needed a 241% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$30.39 – $86.99
From 52-week high
−48.4%
vs 50-day average
−9.8%
vs 200-day average
−23.4%
Volatility (1 year)
58%
Beta vs S&P 500
2.24

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.1%
After a week
4 up, 8 down
typical move ±3.9%
After a month
4 up, 8 down
typical move ±5.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −8.7% −0.4% −1.1% −21.4%
May 7, 2026 −6.3% +0.5% −8.4% −1.7%
February 5, 2026 +0.2% +0.6% −1.2% +0.2%
November 5, 2025 −6.3% −0.7% −8.5% −5.7%
August 6, 2025 −10.7% +0.7% +0.3% −6.6%
May 12, 2025 +2.3% +4.0% −2.8% +7.2%
February 6, 2025 −4.5% −0.6% −4.4% −4.7%
November 6, 2024 +1.2% +3.3% −1.9% −1.9%
August 6, 2024 −7.6% +0.2% −5.4% −7.5%
May 7, 2024 +10.0% +0.1% +11.0% +8.8%
February 8, 2024 +8.5% +0.6% +0.7% −0.8%
November 7, 2023 −7.1% +0.4% +1.3% +4.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Power Integrations Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Power Integrations Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Power Integrations Inc
$400M $420M $440M $460M $480M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $479.8M Revenue (TTM), FY23 Q4: $444.5M Revenue (TTM), FY24 Q1: $429.9M Revenue (TTM), FY24 Q2: $412.9M Revenue (TTM), FY24 Q3: $403.2M Revenue (TTM), FY24 Q4: $419M Revenue (TTM), FY25 Q1: $432.8M Revenue (TTM), FY25 Q2: $442.5M Revenue (TTM), FY25 Q3: $445.6M Revenue (TTM), FY25 Q4: $443.5M Revenue (TTM), FY26 Q1: $446.3M Revenue (TTM), FY26 Q2: $449.4M $449.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $479.8M
FY23 Q4 $444.5M
FY24 Q1 $429.9M
FY24 Q2 $412.9M
FY24 Q3 $403.2M
FY24 Q4 $419M
FY25 Q1 $432.8M
FY25 Q2 $442.5M
FY25 Q3 $445.6M
FY25 Q4 $443.5M
FY26 Q1 $446.3M
FY26 Q2 $449.4M
Revenue growth, TTM YoY Power Integrations Inc
-40% -20% 0% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: -31.4% Revenue growth, TTM YoY, FY23 Q4: -31.7% Revenue growth, TTM YoY, FY24 Q1: -25.3% Revenue growth, TTM YoY, FY24 Q2: -19.8% Revenue growth, TTM YoY, FY24 Q3: -16.0% Revenue growth, TTM YoY, FY24 Q4: -5.8% Revenue growth, TTM YoY, FY25 Q1: 0.7% Revenue growth, TTM YoY, FY25 Q2: 7.2% Revenue growth, TTM YoY, FY25 Q3: 10.5% Revenue growth, TTM YoY, FY25 Q4: 5.9% Revenue growth, TTM YoY, FY26 Q1: 3.1% Revenue growth, TTM YoY, FY26 Q2: 1.6% 1.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 -31.4%
FY23 Q4 -31.7%
FY24 Q1 -25.3%
FY24 Q2 -19.8%
FY24 Q3 -16.0%
FY24 Q4 -5.8%
FY25 Q1 0.7%
FY25 Q2 7.2%
FY25 Q3 10.5%
FY25 Q4 5.9%
FY26 Q1 3.1%
FY26 Q2 1.6%
Operating margin (TTM) Power Integrations Inc
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 11.9% Operating margin (TTM), FY23 Q4: 7.9% Operating margin (TTM), FY24 Q1: 6.9% Operating margin (TTM), FY24 Q2: 4.6% Operating margin (TTM), FY24 Q3: 3.2% Operating margin (TTM), FY24 Q4: 4.3% Operating margin (TTM), FY25 Q1: 5.6% Operating margin (TTM), FY25 Q2: 4.7% Operating margin (TTM), FY25 Q3: 1.2% Operating margin (TTM), FY25 Q4: 2.3% Operating margin (TTM), FY26 Q1: 1.1% Operating margin (TTM), FY26 Q2: 3.4% 3.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 11.9%
FY23 Q4 7.9%
FY24 Q1 6.9%
FY24 Q2 4.6%
FY24 Q3 3.2%
FY24 Q4 4.3%
FY25 Q1 5.6%
FY25 Q2 4.7%
FY25 Q3 1.2%
FY25 Q4 2.3%
FY26 Q1 1.1%
FY26 Q2 3.4%
FCF margin (TTM) Power Integrations Inc
10% 15% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 11.1% FCF margin (TTM), FY23 Q4: 10.1% FCF margin (TTM), FY24 Q1: 10.2% FCF margin (TTM), FY24 Q2: 13.2% FCF margin (TTM), FY24 Q3: 15.5% FCF margin (TTM), FY24 Q4: 15.3% FCF margin (TTM), FY25 Q1: 16.9% FCF margin (TTM), FY25 Q2: 18.7% FCF margin (TTM), FY25 Q3: 17.9% FCF margin (TTM), FY25 Q4: 19.6% FCF margin (TTM), FY26 Q1: 18.9% FCF margin (TTM), FY26 Q2: 17.6% 17.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 11.1%
FY23 Q4 10.1%
FY24 Q1 10.2%
FY24 Q2 13.2%
FY24 Q3 15.5%
FY24 Q4 15.3%
FY25 Q1 16.9%
FY25 Q2 18.7%
FY25 Q3 17.9%
FY25 Q4 19.6%
FY26 Q1 18.9%
FY26 Q2 17.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 216 300 299 305 347 349 345 390 432 416 421 488 703 651 445 419 444 449
Gross profit 108 153 141 151 183 190 173 192 214 215 213 244 361 367 229 225 242 241
EBITDA 38 72 59 27 70 72 55 66 76 75 236 94 207 215 70 51 37 41
Operating income 29 60 43 11 54 56 39 49 58 56 217 70 175 180 35 18 10 15
Net income 23 49 34 −34 57 60 39 49 28 70 193 71 164 171 56 32 22 25
Diluted EPS $0.41 $0.83 $0.57 −$0.60 $0.94 $0.96 $0.66 $0.82 $0.45 $1.16 $3.24 $1.17 $2.67 $2.93 $0.97 $0.56 $0.39 $0.45
Growth (year on year)
Revenue +6.9% +39.0% −0.4% +2.2% +13.7% +0.5% −1.2% +13.1% +10.8% −3.7% +1.1% +16.1% +44.0% −7.4% −31.7% −5.8% +5.9% +1.6%
EBITDA +221.9% +88.8% −18.9% −54.6% +163.7% +2.2% −22.8% +18.6% +15.7% −1.9% +216.8% −60.1% +119.2% +4.3% −67.4% −27.1% −27.0% −20.6%
Operating income — +109.5% −27.9% −73.7% +376.3% +3.2% −30.3% +25.6% +17.9% −3.5% +290.0% −67.5% +148.4% +3.1% −80.6% −48.9% −43.1% −27.3%
Net income — +112.6% −30.7% −200.3% — +4.0% −34.2% +24.9% −43.5% +153.5% +176.4% −63.2% +131.0% +3.9% −67.4% −42.2% −31.5% −25.4%
Diluted EPS — +103.7% −31.7% −205.3% — +2.7% −31.6% +25.0% −45.5% +157.8% +179.3% −63.9% +128.2% +9.7% −66.9% −42.3% −30.4% −24.2%
Margins
Gross margin 50.1% 50.9% 47.1% 49.3% 52.8% 54.3% 50.3% 49.3% 49.5% 51.6% 50.7% 49.9% 51.3% 56.3% 51.5% 53.6% 54.5% 53.6%
EBITDA margin 17.7% 24.1% 19.6% 8.7% 20.2% 20.6% 16.1% 16.9% 17.6% 17.9% 56.2% 19.3% 29.4% 33.1% 15.8% 12.2% 8.4% 9.1%
Operating margin 13.3% 20.0% 14.5% 3.7% 15.6% 16.0% 11.3% 12.5% 13.3% 13.4% 51.6% 14.4% 24.9% 27.7% 7.9% 4.3% 2.3% 3.4%
Net margin 10.8% 16.5% 11.5% −11.3% 16.5% 17.1% 11.4% 12.5% 6.4% 16.8% 46.0% 14.6% 23.4% 26.2% 12.5% 7.7% 5.0% 5.6%
Free-cash-flow margin 14.2% 9.8% 15.4% 11.6% 24.4% 17.9% 23.5% 22.0% 11.5% 14.3% 47.6% 11.3% 26.1% 27.0% 10.1% 15.3% 19.6% 17.6%
Cash flow
Cash from operations 45 60 69 52 99 86 92 98 82 84 224 126 231 215 66 81 112 98
Capital spending 14 31 23 16 14 23 11 12 32 25 24 71 47 39 21 17 24 19
Free cash flow 31 29 46 35 85 62 81 86 50 59 200 55 184 176 45 64 87 79
Stock-based pay 11 11 9 14 16 14 15 21 25 22 23 31 38 22 29 35 40 38
Free cash flow after stock pay 19 19 37 21 68 48 66 65 25 38 177 24 146 154 16 29 47 41
Balance sheet
Cash 135 156 140 63 93 61 90 62 94 134 179 259 158 105 64 51 59 71
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −135 −156 −140 −63 −93 −61 −90 −62 −94 −134 −179 −259 −158 −105 −64 −51 −59 −71
Diluted shares 57m 59m 60m 57m 61m 62m 59m 59m 61m 60m 60m 61m 61m 58m 58m 57m 56m 56m
Returned to shareholders
Dividends 3 6 6 6 9 13 14 15 17 19 21 25 33 41 44 46 47 47
Buybacks 29 14 50 20 0 81 54 6 9 103 7 3 74 311 55 28 98 42
Total returned 31 20 56 26 9 94 68 21 26 122 28 28 107 353 99 74 145 90

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $779m
Short-term assets $471mLonger-term assets $308m
What it owes, and who funded it · $779m
Short-term liabilities $67mLonger-term liabilities $32mShareholders' equity $681m
  • Short-term assets cover short-term liabilities $471m of assets due within a year against $67m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $471m short-term assets against $32m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Power Integrations Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$42.4M
Dividends (TTM)
$47.2M
Returned to shareholders
113%
of free cash flow
Buybacks, last 3 fiscal years
$181M
Diluted share count
−1.6%
year over year
Total shareholder yield
3.6%
dividends 1.9% + buybacks 1.7% of market value
Dividend payout ratio
189%
of net income paid out
R&D spending
23.2%
of revenue
Days sales outstanding
22 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in semiconductors
Last 12 months unless stated POWI XPER SITM TOYO AMBA LSCC Median
Revenue, last 12 months $449m $457m $468m $427m $418m $651m $1.1bn
Revenue growth, last 12 months 1.6% −3.9% 83.0% 141.5% 20.0% 33.3% 13.7%
Revenue growth, 3-year average −4.4% −3.7% 32.7% — 12.9% −3.4% 3.9%
Revenue growth, latest quarter 2.7% 8.1% 126.5% — 13.2% 62.2% 20.1%
Gross margin 53.6% — 58.7% 22.5% 58.5% 69.0% 48.3%
Operating margin 3.4% −2.4% −3.9% 13.8% −14.9% 7.4% 4.8%
Operating margin, 3-year average 4.2% −12.6% −40.3% — −38.5% 10.3% 4.8%
Net margin 5.6% −7.1% 3.0% 9.3% −13.5% 5.6% 5.3%
Cash from operations / revenue 21.8% 1.8% 27.3% 31.1% 6.5% 37.4% 17.4%
Free-cash-flow margin 17.6% 0.6% 17.9% 9.6% 2.3% 30.6% 9.6%
Free-cash-flow margin, 3-year average 16.5% −2.1% 1.1% — 4.0% 29.2% 8.5%
Stock pay / revenue 8.6% 7.2% 23.3% 2.1% 21.9% 18.7% 5.8%
Change in share count −1.6% 4.2% 12.6% −1.4% 3.3% 0.8% 0.9%

Median of all 75 companies we cover in semiconductors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

75 semiconductor companies
Measure Company Peer median Rank
Revenue growth Growth 1.6% 13.7% 55 of 75
Change in growth rate Growth -1.6pp +3.7pp 53 of 75
Gross margin Profitability 53.6% 48.3% 28 of 73
Operating margin Profitability 3.4% 4.8% 42 of 75
Net margin Profitability 5.6% 5.3% 36 of 75
Free-cash-flow margin Cash generation 17.6% 9.6% 25 of 75
Stock pay as % of revenue Cash generation 8.6% 6.4% 46 of 74
Change in share count Balance sheet -1.6% 0.9% 10 of 72
Days sales outstanding Balance sheet 22 days 58 days 3 of 62

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
Hong Kong China Domain $246M 55.4% ▲ 3.1%
South Korea $39.5M 8.9% ▲ 4.6%
Other Countries $35.8M 8.1% ▲ 33.1%
Germany $27.2M 6.1% ▲ 23.5%
Taiwan $25.5M 5.8% ▲ 14.9%
India $23.6M 5.3% ▼ 15.0%
Emea Other Than Germany $23M 5.2% ▲ 0.6%
United States $22.9M 5.2% ▲ 9.5%

From Power Integrations Inc's 10-K filed February 6, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$5.2B
Institutions reporting
370
Shares held vs prior quarter
▼ 1.3%
Positions opened / closed
94 / 30

Top buyers and sellers, Q2 2026: 210 institutions bought and 140 sold ; the biggest buyer was Congress Asset Management Co (+930K shares) and the biggest seller Neuberger Berman Group LLC (−1.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $731M 8.7M 13.9% ▲ 2.4%
Vanguard Portfolio Management LLC $435M 5.2M 8.3% ▲ 4.3%
Wellington Management Group LLP $301M 3.6M 5.8% ▲ 7.1%
State Street Corp $267M 3.2M 5.1% ▲ 3.8%
Vanguard Capital Management LLC $210M 2.5M 4.0% ▲ 0.2%
William Blair Investment Management, LLC $200M 2.4M 3.8% ▲ 0.1%
Neuberger Berman Group LLC $169M 2.0M 3.2% ▼ 48.6%
Price T Rowe Associates Inc $161M 1.9M 3.1% ▲ 37.8%
Disciplined Growth Investors Inc $158M 1.9M 3.0% ▼ 3.4%
Geode Capital Management, LLC $151M 1.8M 2.9% ▲ 7.7%
Snyder Capital Management L P $148M 1.8M 2.8% ▼ 16.0%
Robeco Schweiz AG $112M 1.3M 2.1% ▲ 54.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Power Integrations Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $30.2M 35 trades by 6 insiders · 0% under pre-set plans
Net ▼ $30.2M net selling
Insider Date Trade Shares Price Value
Lloyd Jennifer A President and CEO July 22, 2026 Sell 7,050 $73.73 $519,796
Lloyd Jennifer A President and CEO July 22, 2026 Sell 5,640 $73.73 $415,837
Gupta Sunil Sr. Vice President, Operations May 29, 2026 Sell 6,860 $83.67 $573,976
Balakrishnan Balu Director May 28, 2026 Sell 95,287 $86.25 $8.2M
Balakrishnan Balu Director May 28, 2026 Sell 29,000 $87.05 $2.5M
Brathwaite Nicholas Director May 27, 2026 Sell 1,728 $86.62 $149,679
Balakrishnan Balu Director May 26, 2026 Sell 47,863 $80.93 $3.9M
Balakrishnan Balu Director May 26, 2026 Sell 70,710 $82.26 $5.8M
Brathwaite Nicholas Director May 26, 2026 Sell 6,655 $82.71 $550,435
Gupta Sunil Sr. Vice President, Operations May 26, 2026 Sell 15,894 $82.18 $1.3M
Balakrishnan Balu Director May 21, 2026 Sell 53,880 $70.71 $3.8M
Brathwaite Nicholas Director May 13, 2026 Sell 6,895 $72.41 $499,267

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 7 trades and filings

No trades in Power Integrations Inc disclosed in the last 12 months; 7 earlier trades on record.

  • Gilbert Ray Cisneros, Jr.(D-CA 39):Sale (full), $1,001 - $15,000, traded September 2, 2020, filed September 14, 2020
  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded August 24, 2020, filed September 20, 2020
  • Gilbert Ray Cisneros, Jr.(D-CA 39):Sale (partial), $1,001 - $15,000, traded August 1, 2019, filed August 19, 2019

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 7, 2026
  • February 5, 2026
  • November 5, 2025
  • August 6, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Power Integrations Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Power Integrations Inc in brief

What does Power Integrations Inc do?
Power Integrations Inc is a US-listed company in the semiconductors industry. Its financial year ends in December.
What is Power Integrations Inc's stock ticker?
Power Integrations Inc trades under the ticker POWI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Power Integrations Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Power Integrations Inc reported revenue of $449M, 1.6% higher than a year earlier, according to its SEC filings.
What is Power Integrations Inc's free cash flow?
Power Integrations Inc's free-cash-flow margin is 17.6% of revenue over the trailing twelve months, ranking 25 of the 75 semiconductor companies we cover.
What is Power Integrations Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Power Integrations Inc's free cash flow after stock-based pay gives ~$18 per share in the base case, and ~$14–$22 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Power Integrations Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Wellington Management Group LLP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Power Integrations Inc buying back stock, and does it pay a dividend?
Power Integrations Inc spent $42.4M on share repurchases over the trailing twelve months, and its diluted share count fell 1.6% over the year.
What is Power Integrations Inc's market cap?
On November 2, 2026, Power Integrations Inc's market capitalisation was about $2.5B, with a price-to-earnings ratio of 100.4 and net debt of -$70.6M. Market figures come from third-party market data and may be delayed.
Does Power Integrations Inc pay a dividend?
Yes: Power Integrations Inc paid $47.2M in dividends over the trailing twelve months, a dividend yield of 1.89% and a payout ratio of 188.5%.
Who are Power Integrations Inc's competitors?
In our Semiconductors peer group, the companies closest to Power Integrations Inc are Xperi Inc., Sitime Corp, Toyo Co., Ltd, Ambarella Inc and Lattice Semiconductor Corp. The side-by-side comparison below sets their revenue, margins and growth against Power Integrations Inc's.
Are insiders buying or selling Power Integrations Inc stock?
Over the last 12 months, Power Integrations Inc's directors and officers reported 0 open-market purchases and 35 sales on Form 4. The insider trading page charts every trade.
When is Power Integrations Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Power Integrations Inc announces its own schedule.