Power Integrations beats Q2 revenue estimates

Power Integrations

06/08/2025 21:08

Overview

Power Integrations Q2 revenue rises 9% yr/yr, beating analyst expectations

Adjusted EPS for Q2 meets analyst estimates at $0.35 per share

Co repurchased 706,000 shares for $32.6 mln during the quarter

Outlook

Company expects Q3 2025 revenue of $118 mln ± $5 mln

GAAP gross margin forecasted between 54.5% and 55% for Q3 2025

Non-GAAP gross margin expected between 55% and 55.5% for Q3 2025

Company anticipates GAAP operating expenses of $72.5 mln for Q3 2025

Non-GAAP operating expenses forecasted at $47.5 mln for Q3 2025

Company cites low near-term visibility due to macroeconomic uncertainty

Result Drivers

INDUSTRIAL GROWTH - Co attributes 9% yr/yr revenue increase to strong growth in industrial category

GaN PRODUCTS - Revenues from GaN-based products grew over 50% in H1, expanding into appliance, industrial and EV applications

AUTOMOTIVE OUTLOOK - Co's automotive business expected to materially contribute to revenue in 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$115.85 mln
$115 mln (5 Analysts)
Q2 Adjusted EPS
Meet
$0.35
$0.35 (5 Analysts)
Q2 EPS
$0.02
Q2 Net Income
$1.37 mln
Q2 Gross Profit
$63.95 mln
Q2 Operating Income
-$1.34 mln
Q2 Pretax Profit
$1.34 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 $70.00, about 31% above its August 5 closing price of $48.29

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nBw1s6yXba

(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.)