Power Integrations Q1 revenue rises 3%, beats estimates

Power Integrations

07/05/2026 21:40

Overview

Semiconductor firm's Q1 revenue rose 3% yr/yr, beating analyst expectations

Adjusted EPS for Q1 fell yr/yr to $0.25 from $0.31

Industrial revenue grew 23% yr/yr, led by renewables and battery storage

Outlook

Power Integrations expects Q2 revenue between $115 mln and $120 mln

Company sees Q2 GAAP gross margin between 53.5% and 54.5%, non-GAAP 54% to 55%

Power Integrations expects Q2 GAAP operating margin of 5.5% to 7.5%, non-GAAP 13.5% to 15.5%

Result Drivers

INDUSTRIAL SEGMENT GROWTH - Co said industrial revenue grew 23% yr/yr, driven by demand in renewables, battery storage, home automation and automotive

STRATEGIC FOCUS - Co attributed industrial momentum to its focus on high-voltage technologies for markets such as EVs, AI data centers, and DC transmission

Company press release: ID:nBw3p0CNYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$108.31 mln
$106.65 mln (4 Analysts)
Q1 Net Income
$3.30 mln
Q1 Gross Profit
$56.94 mln
Q1 Operating Income
$1.45 mln
Q1 Pretax Profit
$3.92 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "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 $58.00, about 25.9% below its May 6 closing price of $78.23

The stock recently traded at 55 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)