Power Integrations, Inc. (POWI) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.32	$0.37	+15.6%	—	—	—
Q2 26	$0.24	$0.25	+4.2%	—	—	—
Q1 26	$0.19	$0.23	+21.1%	—	—	—
Q4 25	$0.35	$0.36	+2.9%	—	—	—
Q3 25	$0.35	$0.35	0.0%	—	—	—
Q2 25	$0.28	$0.31	+10.7%	—	—	—
Q1 25	$0.28	$0.3	+7.1%	—	—	—
Q4 24	$0.36	$0.4	+11.1%	—	—	—
Q3 24	$0.26	$0.28	+7.7%	—	—	—
Q2 24	$0.13	$0.18	+38.5%	—	—	—
Q1 24	$0.15	$0.22	+46.7%	—	—	—
Q4 23	$0.47	$0.46	-2.1%	—	—	—
Q3 23	$0.34	$0.36	+5.9%	—	—	—
Q2 23	$0.25	$0.25	0.0%	—	—	—
Q1 23	$0.46	$0.48	+4.3%	—	—	—
Q4 22	$0.83	$0.84	+1.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$0.39	—	—	$443.5M	—
FY24	—	$0.57	—	—	$419M	—
FY23	—	$0.97	—	—	$444.5M	—
FY22	—	$2.96	—	—	$651.1M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$389.7M	$431.8M	$416M	$420.7M	$488.3M	$703.3M	$651.1M	$444.5M	$419M	$443.5M
YoY change	+13.1%	+10.8%	-3.66%	+1.13%	+16.1%	+44%	-7.41%	-31.7%	-5.75%	+5.86%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	389.7M	431.8M	416M	420.7M	488.3M	703.3M	651.1M	444.5M	419M	443.5M
Cost of revenue	197.5M	218.1M	201.2M	207.3M	244.7M	342.6M	284.2M	215.6M	194.2M	201.9M
Gross profit	192.2M	213.7M	214.8M	213.4M	243.6M	360.6M	366.9M	229M	224.8M	241.6M
Gross margin	49.3%	49.5%	51.6%	50.7%	49.9%	51.3%	56.3%	51.5%	53.6%	54.5%
Research & development	62.3M	68.5M	70.6M	73.5M	81.7M	84.9M	93.9M	96.1M	100.8M	101.1M
Selling, general & administrative	81M	87.5M	88.6M	91.9M	91.4M	100.6M	91.5M	97.8M	106M	110.7M
Operating expenses	143.3M	156M	159.1M	165.3M	173.1M	185.6M	186.5M	193.9M	206.8M	231.5M
Operating income	48.9M	57.6M	55.6M	48.1M	70.5M	175.1M	180.4M	35.1M	17.9M	10.2M
Operating margin	12.5%	13.3%	13.4%	11.4%	14.4%	24.9%	27.7%	7.89%	4.28%	2.3%
Non-operating income, net	1.1M	2.7M	4.1M	174.4M	4.8M	1.1M	3M	10.8M	12.8M	10.8M
Pretax income	50M	60.3M	59.8M	222.4M	75.3M	176.1M	183.4M	45.9M	30.8M	21M
Income tax	1.1M	32.7M	-10.2M	28.9M	4.1M	11.7M	12.6M	-9.8M	-1.5M	-1.1M
Net income	48.9M	27.6M	70M	193.5M	71.2M	164.4M	170.9M	55.7M	32.2M	22.1M
Net margin	12.5%	6.39%	16.8%	46%	14.6%	23.4%	26.2%	12.5%	7.69%	4.98%
EBITDA	72.3M	82.1M	79.8M	-96.5M	98.6M	210M	217.8M	72.4M	52.5M	38.2M
EPS	0.83	0.47	1.19	3.31	1.19	2.73	2.96	0.97	0.57	0.39
Diluted EPS	0.81	0.45	1.16	3.25	1.17	2.67	2.93	0.97	0.56	0.39

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	125.5M	89.5M	91.7M	106.2M	115.8M	105.3M	105.5M	115.9M	118.9M	103.2M	108.3M	118.9M
Cost of revenue	59.6M	43.3M	43.9M	49.7M	52.7M	48M	47.3M	51.9M	54.1M	48.6M	51.4M	54.3M
Gross profit	65.9M	46.2M	47.8M	56.5M	63.2M	57.3M	58.2M	64M	64.9M	54.6M	56.9M	64.6M
Gross margin	52.5%	51.6%	52.1%	53.2%	54.5%	54.4%	55.2%	55.2%	54.5%	52.9%	52.6%	54.3%
Research & development	24.1M	23.5M	23.2M	26M	25.8M	25.7M	24.1M	26M	26.7M	24.3M	26.3M	27.2M
Selling, general & administrative	24.2M	23.8M	24.1M	28.5M	25.8M	27.7M	27.4M	30.2M	27.8M	25.2M	24.4M	28.1M
Operating expenses	48.2M	47.3M	47.3M	54.6M	51.6M	53.3M	51.5M	65.3M	68.8M	45.8M	49.3M	55.7M
Operating income	17.7M	-1.1M	470K	2M	11.6M	3.9M	6.7M	-1.3M	-4M	8.8M	7.7M	8.9M
Operating margin	14.1%	-1.17%	0.51%	1.84%	10%	3.72%	6.37%	-1.16%	-3.32%	8.5%	7.07%	7.48%
Non-operating income, net	3.1M	3.3M	3.5M	3.2M	2.8M	3.4M	3.2M	2.7M	2.6M	2.4M	-3.7M	2.3M
Pretax income	20.9M	2.2M	4M	5.1M	14.3M	7.3M	9.9M	1.3M	-1.4M	11.1M	3.9M	11.2M
Income tax	1.1M	-12M	18K	298K	41K	-1.8M	1.1M	-24K	-42K	-2.1M	620K	1.4M
Net income	19.8M	14.3M	4M	4.8M	14.3M	9.1M	8.8M	1.4M	-1.4M	13.3M	3.3M	9.8M
Net margin	15.8%	15.9%	4.31%	4.57%	12.3%	8.68%	8.33%	1.18%	-1.14%	12.9%	3.05%	8.27%
EBITDA	26.9M	8.4M	9.7M	10.7M	20.2M	11.9M	14.2M	5.9M	2.8M	15.4M	20.4M	15.3M
EPS	0.34	0.25	0.07	0.09	0.25	0.16	0.15	0.02	-0.02	0.24	0.06	0.18
Diluted EPS	0.34	0.25	0.07	0.09	0.25	0.16	0.15	0.02	-0.02	0.24	0.06	0.17

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2B	2.2B	1.8B	2.9B	4.9B	5.6B	4.1B	4.7B	3.5B	2B	2.9B
Enterprise value	1.7B	1.9B	1.6B	2.5B	4.4B	5.1B	3.8B	4.4B	3.2B	1.7B	2.7B
Shares outstanding	57.9M	59.3M	58.9M	58.5M	59.7M	60.3M	57.8M	57.2M	56.8M	56.1M	56.1M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	40.1	79.1	25.7	15	68.6	34.1	24.3	84.3	108.8	90.2	117.7
P/S	5.04	5.06	4.32	6.88	10	7.97	6.37	10.6	8.37	4.49	6.44
P/B	3.9	3.99	3.41	4	6.03	6.14	5.49	6.24	4.68	2.96	4.24
EV/EBITDA	23.7	23.1	19.6	-25.7	45	24.2	17.4	60.5	61.1	45.6	44.7
EV/Sales	4.39	4.4	3.77	5.9	9.08	7.21	5.82	9.86	7.65	3.93	5.91
Earnings yield	2.49%	1.27%	3.9%	6.68%	1.46%	2.93%	4.12%	1.19%	0.92%	1.11%	0.85%
FCF yield	4.37%	2.27%	3.25%	6.89%	1.13%	3.28%	4.25%	0.96%	1.82%	4.37%	2.54%
PEG	—	—	—	—	—	—	—	—	—	—	0.15

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.3%	49.5%	51.6%	50.7%	49.9%	51.3%	56.3%	51.5%	53.6%	54.5%	54.3%
Operating margin	12.5%	13.3%	13.4%	11.4%	14.4%	24.9%	27.7%	7.89%	4.28%	2.3%	7.48%
Net margin	12.5%	6.39%	16.8%	46%	14.6%	23.4%	26.2%	12.5%	7.69%	4.98%	5.58%
ROE	9.72%	5.04%	13.3%	26.7%	8.78%	18%	22.6%	7.41%	4.3%	3.28%	3.62%
ROA	8.82%	4.45%	11.9%	24.1%	7.88%	16.2%	20.3%	6.8%	3.89%	2.86%	2.62%
ROIC	18.9%	9.97%	18.6%	13.3%	18.5%	42.8%	41.9%	7.96%	3.99%	2.41%	5.12%
Return on tangible assets	15.9%	7.14%	19.3%	33%	10.2%	20.2%	26.6%	8.88%	5.18%	3.9%	4.36%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	7.24	7.14	6.87	10.7	9.62	9.5	8.99	10.5	9.29	6.51	7.07
Quick ratio	6.05	6.02	5.2	8.93	7.97	8.12	6.67	7.13	6.3	4.14	4.7
Debt / equity	—	—	—	—	—	—	—	—	—	—	0
Net debt / EBITDA	—	—	—	—	—	—	—	—	—	—	-4.87
Effective tax rate	2.11%	54.2%	0%	13%	5.42%	6.66%	6.86%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	6.74	7.27	7.06	7.19	8.19	11.7	11.3	7.77	7.37	7.91	8.08
EPS (basic)	0.83	0.47	1.19	3.31	1.19	2.73	2.96	0.97	0.57	0.39	0.39
EPS (diluted)	0.81	0.45	1.16	3.25	1.17	2.67	2.93	0.97	0.56	0.39	0.44
Book value per share	8.7	9.23	8.95	12.4	13.6	15.1	13.1	13.2	13.2	12	12.2
FCF per share	1.48	0.83	0.99	3.41	0.92	3.04	3.05	0.78	1.12	1.55	1.39
Cash per share	4.33	4.77	3.88	7.02	7.53	8.79	6.12	5.45	5.28	4.45	4.7
Capex per share	0.21	0.55	0.42	0.41	1.17	0.78	0.66	0.37	0.3	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	3.13%	7.53%	5.93%	5.73%	14.3%	6.72%	5.84%	4.7%	4.13%	—	—
Capex / operating cash flow	12%	41.5%	26.1%	11.2%	62.9%	20.9%	18.3%	24.3%	21%	—	—
Payout ratio	30.8%	60.2%	26.9%	10.6%	35.2%	19.8%	24.3%	79%	142.8%	213.5%	193.2%
Dividend yield	0.77%	0.76%	1.05%	0.71%	0.51%	0.58%	1%	0.94%	1.31%	2.37%	1.66%

Yield

1.66%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.215

ex-dividend Aug 31, 2026

Payout ratio

193%

of earnings

Dividend growth

12 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Aug 31, 2026	$0.215
May 29, 2026	$0.215
Feb 27, 2026	$0.215
Nov 28, 2025	$0.21
Aug 29, 2025

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$125.5M	$89.5M	$91.7M	$106.2M	$115.8M	$105.3M	$105.5M	$115.9M	$118.9M	$103.2M	$108.3M	$118.9M
YoY change	-21.7%	-28.3%	-13.7%	-13.8%	-7.71%	+17.6%	+15.1%	+9.09%	+2.66%	-1.94%	+2.63%	+2.66%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	250.5M	282.9M	228.6M	411.1M	449.2M	530.4M	353.8M	311.6M	300M	249.5M
Receivables	6.5M	16.8M	11.1M	24.3M	35.9M	41.4M	20.8M	14.7M	27.2M	18.3M
Inventory	52.6M	57.1M	80.9M	90.4M	102.9M	99.3M	135.4M	163.2M	165.6M	166.9M
Total current assets	318.3M	364.5M	332.4M	541.3M	601.2M	686.8M	525.1M	511.6M	514M	458.3M
Property, plant & equipment	43.1M	59M	60.5M	60.8M	101.4M	98.8M	87M	72.2M	56.3M	45.6M
Goodwill & intangibles	246.7M	234.5M	226M	217.4M	208.7M	201.7M	196.9M	192.5M	206.7M	205M
Total assets	554.4M	621.1M	588.7M	803.9M	903.3M	1B	840.1M	819.9M	828.8M	772.2M
Accounts payable	29.7M	33.2M	31.6M	27.4M	34.7M	43.7M	30.1M	26.4M	29.8M	34M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	43.9M	51.1M	48.4M	50.5M	62.5M	72.3M	58.4M	48.9M	55.3M	70.4M
Long-term debt	—	—	—	—	—	—	—	—	—	—
Total liabilities	51.3M	73.4M	61.6M	79.3M	92.9M	102.5M	84.9M	67.6M	79.1M	99.4M
Shareholders' equity	503.1M	547.7M	527.1M	724.5M	810.4M	912M	755.2M	752.2M	749.8M	672.8M
Total debt	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	356.6M	311.6M	299.6M	290.5M	303.8M	300M	289.3M	268.7M	241.9M	249.5M	257.2M	262.6M
Receivables	28.5M	14.7M	12.3M	16.4M	16.6M	27.2M	22.8M	27.6M	31.5M	18.3M	14.4M	26.8M
Inventory	150.2M	163.2M	167.9M	169.9M	167.7M	165.6M	169.1M	168.4M	164.6M	166.9M	163M	157.8M
Total current assets	556.1M	511.6M	502.5M	499.8M	507.9M	514M	499.8M	482.9M	456.1M	458.3M	458.3M	471.2M
Property, plant & equipment	—	72.2M	—	—	—	56.3M	—	—	—	45.6M	—	—
Goodwill & intangibles	193.6M	192.5M	191.5M	190.8M	207.1M	206.7M	206.3M	205.9M	205.4M	205M	204.7M	204.3M
Total assets	865.5M	819.9M	805.8M	804.8M	825M	828.8M	814.4M	797.5M	772.5M	772.2M	770.7M	779M
Accounts payable	28.6M	26.4M	27.4M	24.8M	27.1M	29.8M	33.6M	31M	37.5M	34M	31.4M	28.6M
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	53.4M	48.9M	49.5M	50.2M	50.8M	55.3M	55M	65M	71.1M	70.4M	66.6M	66.6M
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	—
Total liabilities	80.4M	67.6M	67.6M	74M	75.8M	79.1M	78.6M	93.7M	100.6M	99.4M	98.9M	98.5M
Shareholders' equity	785.1M	752.2M	738.2M	730.7M	749.2M	749.8M	735.8M	703.8M	672M	672.8M	671.8M	680.5M
Total debt	—	—	—	—	—	—	—	—	—	—	—	—
Net debt	—	—	—	—	—	—	—	—	—	—	—	—

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	48.9M	27.6M	70M	193.5M	71.2M	164.4M	170.9M	55.7M	32.2M	22.1M
Depreciation & amortization	23.5M	24.5M	24.2M	24.4M	28.1M	34.9M	37.3M	37.4M	34.6M	28M
Stock-based compensation	20.9M	24.7M	21.6M	23.3M	30.9M	37.6M	22.4M	28.5M	35.1M	39.7M
Change in working capital	8.9M	-14.4M	-16.7M	-29.3M	-18.4M	2.2M	-20.1M	-26.6M	-11.2M	11.2M
Operating cash flow	101.8M	78.4M	94.5M	216M	111.2M	225.9M	207.9M	85.8M	82.3M	111.5M
Capital expenditure	-12.2M	-32.5M	-24.7M	-24.1M	-69.9M	-47.2M	-38M	-20.9M	-17.3M	—
Investing cash flow	-117.4M	-34.7M	70M	-161M	-28.3M	-232.8M	78.3M	-14.2M	-25.9M	60.5M
Dividends paid	-15.1M	-16.6M	-18.8M	-20.5M	-25.1M	-32.6M	-41.5M	-44M	-46M	-47.2M
Share repurchases	-6.4M	-9.2M	-103.2M	-7.3M	-2.6M	-73.9M	-311.1M	-55.3M	-27.9M	-98.1M
Financing cash flow	-21.5M	-25.8M	-122M	-27.8M	-27.7M	-106.5M	-352.6M	-99.3M	-73.9M	-145.3M
Net change in cash	-37.1M	17.9M	42.6M	27.2M	55.2M	-113.4M	-66.4M	-27.6M	-17.5M	26.7M
Free cash flow	85.7M	49.5M	58.4M	199.4M	55M	183.6M	176.1M	44.9M	63.9M	87.1M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	19.8M	14.3M	4M	4.8M	14.3M	9.1M	8.8M	1.4M	-1.4M	13.3M	3.3M	9.8M
Depreciation & amortization	9.2M	9.4M	9.3M	8.7M	8.7M	8M	7.5M	7.2M	6.8M	6.6M	6.6M	6.4M
Stock-based compensation	6.9M	7.5M	6.4M	11M	8.3M	9.3M	8.7M	10.1M	21.2M	-275K	6.3M	11.3M
Change in working capital	-8.7M	-1.6M	-1.2M	-7.7M	4.8M	-7.1M	5.3M	-7.9M	5.6M	8.2M	3.7M	-10.3M
Operating cash flow	20.1M	30.3M	17.1M	14.8M	30.8M	19.6M	27.7M	29.1M	29.9M	26.2M	20M	22M
Capital expenditure	-7.5M	-6.1M	-4.3M	-4.2M	-5.7M	-3M	-5.7M	—	—	—	—	—
Investing cash flow	-6.5M	11.7M	-57K	-891K	-7.1M	-8.4M	4.5M	38.5M	9.1M	2.6M	-4.2M	1.4M
Dividends paid	-10.9M	-11.3M	-11.4M	-11.4M	-11.4M	-11.9M	-12M	-11.8M	-11.8M	-11.6M	-11.9M	-11.9M
Share repurchases	-1.8M	-47.4M	-14.6M	-11.3M	0	-1.9M	-23.1M	-32.6M	-42.4M	0	0	0
Financing cash flow	-12.7M	-58.8M	-26M	-22.7M	-11.4M	-13.8M	-35.1M	-44.4M	-54.2M	-11.6M	-11.9M	-11.9M
Net change in cash	858K	-16.8M	-9M	-8.8M	12.4M	-2.7M	-2.9M	23.2M	-15.3M	17.2M	3.9M	11.5M
Free cash flow	19.2M	10.1M	11.6M	13.5M	27.2M	11.7M	20.7M	23.1M	24.2M	19.2M	18M	17.7M

Date	Ratio
Aug 19, 2020	2:1
Nov 23, 1999	2:1

Power Integrations, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history