Chip designer Power Integrations Q3 profit beats estimates on industrial business growth

Power Integrations

05/11/2025 12:52

Overview

Power Integrations Q3 revenue grows 3% yr/yr, just beating analyst expectations

Adjusted EPS for Q3 beats consensus at $0.36

Company reports GAAP net loss of $1.4 mln for Q3

Company completes $42 mln share repurchase, announces dividend increase

Outlook

Company expects Q4 2025 revenue between $100 mln and $105 mln

Power Integrations forecasts Q4 GAAP gross margin of 53% to 53.5%

Non-GAAP gross margin for Q4 expected between 53.5% and 54%

Result Drivers

INDUSTRIAL GROWTH - Co's industrial business grew 20% yr/yr, contributing to overall revenue increase

CONSUMER APPLIANCES - Orders for consumer appliances remain soft due to accelerated shipments earlier in the year ahead of U.S. tariffs

HIGH VOLTAGE FOCUS - Co is focusing on growth in high voltage sectors, including GaN, grid modernization, and electric transportation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$118.91 mln
$118.43 mln (5 Analysts)
Q3 Adjusted EPS
Beat
$0.36
$0.34 (5 Analysts)
Q3 Net Income
-$1.35 mln
Q3 Gross Profit
$64.85 mln
Q3 Operating Income
-$3.95 mln
Q3 Pretax Profit
-$1.39 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Power Integrations Inc is $55.00, about 29.2% above its November 4 closing price of $38.96

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw51W3SZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)