Power Integrations slightly beats  Q4 revenue estimates, announces workforce reduction

Power Integrations

05/02/2026 21:09

Overview

Semiconductor innovator's Q4 revenue slightly beat analyst expectations

Net income for Q4 improved from prior quarter

Company announced workforce reduction and restructuring charge

Outlook

Power Integrations expects Q1 2026 revenue between $104 mln and $109 mln

Company forecasts Q1 2026 GAAP gross margin between 52% and 53%

Power Integrations anticipates a restructuring charge of $3.5 mln to $4.0 mln in Q1 2026

Result Drivers

INDUSTRIAL GROWTH - Co said industrial category revenue grew 15% in 2025, driven by high-power gate-driver sales

POWIGAN PRODUCT GROWTH - Revenue from PowiGaN products increased over 40% for the year

WORKFORCE REDUCTION - Co announced a 7% workforce reduction to align expenses with revenue and invest in growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$103.20 mln
$103.01 mln (5 Analysts)
Q4 Net Income
$13.29 mln
Q4 Gross Profit
$54.61 mln
Q4 Operating Income
$8.77 mln
Q4 Pretax Profit
$11.15 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $53.00, about 12.2% above its February 4 closing price of $47.25

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nBwcgRc7ba

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.)