POWER INTEGRATIONS INC POWI

Technology SIC 3674 - Semiconductors & Related Devices NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Semiconductor and Related Device Manufacturing derived Nasdaq

We design, develop and market analog and mixed-signal integrated circuits ("ICs") and other electronic components and circuitry used in high-voltage power conversion. Our products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. In most cases, this conversion entails, among other functions, converting alternating current ("AC") to direct current ("DC") or vice versa, reducing or increasing the voltage, and regulating the output voltage and/or current according to the customer's specifications.

A large percentage of our products are ICs used in AC-DC power supplies, which convert the high-voltage AC from a wall outlet to the low-voltage DC required by most electronic devices. Power supplies incorporating our products are used with all manner of electronic products including industrial controls, "smart" utility meters, appliances, air conditioners, battery-powered tools, building-automation, or "internet-of-things" applications such as networked thermostats and security devices, and mobile devices such as smartphones, tablets and notebook computers. Variations of our power-supply ICs are used for high-voltage power conversion in electric vehicles ("EVs"). We also supply high-voltage LED drivers, which are AC-DC ICs specifically designed for lighting applications that utilize light-emitting diodes, and motor-driver ICs for brushless DC ("BLDC") motors used in consumer appliances, HVAC systems, ceiling fans and a variety of industrial applications.

Last close 46.98 2026-10-23
Market cap $2.62B 2026-06-30 share count
52-week range 30.86 - 91.18

Valuation FY2025 figures against the last close

P/S5.9x
P/E120.5x
P/FCF30.1x
EV/EBITDA70.2x
Dividend yield1.8%
Diluted EPS0.39

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Hong Kong/China
  • Korea
  • Other APAC
  • Germany
  • Taiwan
  • India
  • Other EMEA
  • Americas
Revenue by geography, 8 categories over 3 years. The same figures are in the table below. FY2025 Hong Kong/China, FY2025: 245.9M (55.4%) 55% Hong Kong/China Korea, FY2025: 39.5M (8.9%) 9% Korea Other APAC, FY2025: 35.8M (8.1%) 8% Other APAC Germany, FY2025: 27.2M (6.1%) 6% Germany Taiwan, FY2025: 25.5M (5.8%) 6% Taiwan India, FY2025: 23.6M (5.3%) 5% India Other EMEA, FY2025: 23M (5.2%) 5% Americas, FY2025: 22.9M (5.2%) 5% FY2024 Hong Kong/China, FY2024: 238.5M (56.9%) 57% Korea, FY2024: 37.8M (9.0%) 9% Other APAC, FY2024: 26.9M (6.4%) 6% Germany, FY2024: 22M (5.3%) 5% Taiwan, FY2024: 22.2M (5.3%) 5% India, FY2024: 27.8M (6.6%) 7% Other EMEA, FY2024: 22.9M (5.5%) 5% Americas, FY2024: 20.9M (5.0%) 5% FY2023 Hong Kong/China, FY2023: 265.9M (59.8%) 60% Korea, FY2023: 25M (5.6%) 6% Other APAC, FY2023: 30.3M (6.8%) 7% Germany, FY2023: 23M (5.2%) 5% Taiwan, FY2023: 15.8M (3.5%) 4% India, FY2023: 34.6M (7.8%) 8% Other EMEA, FY2023: 27.8M (6.3%) 6% Americas, FY2023: 22.2M (5.0%) 5%
Region FY2025FY2024FY2023
Hong Kong/China $245.9M $238.5M $265.9M
Korea $39.5M $37.8M $25.0M
Other APAC $35.8M $26.9M $30.3M
Germany $27.2M $22.0M $23.0M
Taiwan $25.5M $22.2M $15.8M
India $23.6M $27.8M $34.6M
Other EMEA $23.0M $22.9M $27.8M
Americas $22.9M $20.9M $22.2M

As the company reported it, from the “SIGNIFICANT CUSTOMERS AND GEOGRAPHIC NET REVENUE (Geographic Net Revenues) (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $443.5M$419.0M$444.5M$651.1M$703.3M$488.3M$420.7M$416.0M$431.8M$389.7M
Cost of revenue $201.9M$194.2M$215.6M$284.2M$342.6M$244.7M$207.3M$201.2M$218.1M$197.5M
Gross profit $241.6M$224.8M$229.0M$366.9M$360.6M$243.6M$213.4M$214.8M$213.7M$192.2M
R&D $101.1M$100.8M$96.1M$93.9M$84.9M$81.7M$73.5M$70.6M$68.5M$62.3M
SG&A $42.7M$38.2M$33.2M$28.9M$39.8M$36.9M$37.6M$35.5M$36.1M$33.0M
Total operating expenses $231.5M$206.8M$193.9M$186.5M$185.6M$173.1M-$3.6M$159.1M$156.0M$143.3M
Operating income $10.2M$17.9M$35.1M$180.4M$175.1M$70.5M$217.0M$55.6M$57.6M$48.9M
Pre-tax income $21.0M$30.8M$45.9M$183.4M$176.1M$75.3M$222.4M$59.8M$60.3M$50.0M
Income tax $1.1M$1.5M$9.8M$12.6M$11.7M$4.1M$28.9M$10.2M$32.7M$1.1M
Net income $22.1M$32.2M$55.7M$170.9M$164.4M$71.2M$193.5M$70.0M$27.6M$48.9M
EPS, basic 0.390.570.972.962.731.193.311.190.931.69
EPS, diluted 0.390.560.972.932.671.173.241.160.901.65
Shares, diluted (wtd. avg.) 56.3M57.1M57.6M58.4M61.5M60.8M59.6M60.3M30.5M29.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $58.8M$51.0M$63.9M$105.4M$158.1M$258.9M$178.7M$134.1M$93.7M$62.1M
Short-term investments $190.8M$249.0M$247.6M$248.4M$372.2M$190.3M$232.4M———
Receivables $18.3M$27.2M$14.7M$20.8M$41.4M$35.9M$24.3M$11.1M$16.8M$6.5M
Inventory $166.9M$165.6M$163.2M$135.4M$99.3M$102.9M$90.4M$80.9M$57.1M$52.6M
Total current assets $458.3M$514.0M$511.6M$525.1M$686.8M$601.2M$541.3M$332.4M$364.5M$318.3M
Property, plant and equipment $146.5M$149.6M$164.2M$176.7M$179.8M$166.2M$116.6M$114.1M$111.7M$95.3M
Goodwill $95.3M$95.3M$91.8M$91.8M$91.8M$91.8M$91.8M$91.8M$91.8M$91.8M
Other intangibles $7.2M$8.1M$4.4M$6.6M$9.0M$12.5M$16.9M$21.2M$25.4M$31.5M
Total assets $772.2M$828.8M$819.9M$840.1M$1.01B$903.3M$803.9M$588.7M$621.1M$554.4M
Accounts payable $34.0M$29.8M$26.4M$30.1M$43.7M$34.7M$27.4M$31.6M$33.2M$29.7M
Total current liabilities $70.4M$55.3M$48.9M$58.4M$72.3M$62.5M$50.5M$48.4M$51.1M$43.9M
Total liabilities $99.4M$79.1M$67.6M$84.9M$102.5M$92.9M$79.3M$61.6M$73.4M$51.3M
Retained earnings $673.9M$734.0M$753.7M$762.5M$753.4M$621.6M$575.5M$402.6M$351.4M$332.9M
Total equity $672.8M$749.8M$752.2M$755.2M$912.0M$810.4M$724.5M$527.1M$547.7M$503.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $111.5M$81.2M$65.8M$215.3M$230.9M$125.6M$224.5M$84.0M$82.0M$97.9M
Depreciation and amortisation $27.2M$33.3M$35.2M$34.9M$31.5M$23.7M$19.2M$18.9M$18.4M$16.8M
Stock-based compensation $39.7M$35.1M$28.5M$22.4M$37.6M$30.9M$23.3M$21.6M$24.7M$20.9M
Capital expenditure $24.4M$17.3M$20.9M$39.2M$47.3M$70.6M$24.1M$24.7M$32.5M$12.2M
Investing cash flow $36.2M-$25.9M-$14.2M$78.3M-$232.8M-$28.3M-$162.0M$69.1M-$34.7M-$117.4M
Financing cash flow -$139.9M-$68.2M-$93.0M-$346.4M-$98.8M-$17.2M-$17.9M-$112.6M-$15.8M-$8.4M
Dividends paid $47.2M$46.0M$44.0M$41.5M$32.6M$25.1M$20.5M$18.8M$16.6M$15.1M
Buybacks $98.1M$27.9M$55.3M$311.1M$73.9M$2.6M$7.3M$103.2M$9.2M$6.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000833640-26-000065.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M 800M Revenue, FY2016: 389.7M Gross profit, FY2016: 192.2M Net income, FY2016: 48.9M Revenue, FY2017: 431.8M Gross profit, FY2017: 213.7M Net income, FY2017: 27.6M Revenue, FY2018: 416M Gross profit, FY2018: 214.8M Net income, FY2018: 70M Revenue, FY2019: 420.7M Gross profit, FY2019: 213.4M Net income, FY2019: 193.5M Revenue, FY2020: 488.3M Gross profit, FY2020: 243.6M Net income, FY2020: 71.2M Revenue, FY2021: 703.3M Gross profit, FY2021: 360.6M Net income, FY2021: 164.4M Revenue, FY2022: 651.1M Gross profit, FY2022: 366.9M Net income, FY2022: 170.9M Revenue, FY2023: 444.5M Gross profit, FY2023: 229M Net income, FY2023: 55.7M Revenue, FY2024: 419M Gross profit, FY2024: 224.8M Net income, FY2024: 32.2M Revenue, FY2025: 443.5M Gross profit, FY2025: 241.6M Net income, FY2025: 22.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $389.7M $431.8M $416.0M $420.7M $488.3M $703.3M $651.1M $444.5M $419.0M $443.5M
Gross profit $192.2M $213.7M $214.8M $213.4M $243.6M $360.6M $366.9M $229.0M $224.8M $241.6M
Net income $48.9M $27.6M $70.0M $193.5M $71.2M $164.4M $170.9M $55.7M $32.2M $22.1M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Item 5.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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