POWER INTEGRATIONS INC
Business
Power Integrations designs, develops and markets analog and mixed-signal integrated circuits and electronic components for high-voltage power conversion applications. The company offers AC-DC power-supply ICs (including TOPSwitch, InnoSwitch, and InnoMux families), high-voltage gate drivers (SCALE and SCALE-iDriver families), motor-driver ICs for brushless DC motors (BridgeSwitch family), and proprietary GaN-transistor technology products. Products serve communications, computer, consumer and industrial end markets globally through direct OEM sales and distributors, addressing power supplies, LED drivers, renewable energy systems, electric vehicles and motor controls.
Summary from 10-K filed 2026-02-06
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| NET REVENUE | 444 | 419 | 445 | 651 | 703 | |
| COST OF REVENUE | 202 | 194 | 216 | 284 | 343 | |
| GROSS PROFIT | 242 | 225 | 229 | 367 | 361 | |
| Research and development | 101 | 101 | 96 | 94 | 85 | |
| Sales and marketing | 68 | 68 | 65 | 63 | 61 | |
| General and administrative | 43 | 38 | 33 | 29 | 40 | |
| Other operating expenses | 20 | 0 | 0 | 1 | 0 | |
| Total operating expenses | 231 | 207 | 194 | 186 | 186 | |
| INCOME FROM OPERATIONS | 10 | 18 | 35 | 180 | 175 | |
| OTHER INCOME | 11 | 13 | 11 | 3 | 1 | |
| INCOME BEFORE INCOME TAXES | 21 | 31 | 46 | 183 | 176 | |
| PROVISION (BENEFIT) FOR INCOME TAXES | −1 | −1 | −10 | 13 | 12 | |
| NET INCOME | 22 | 32 | 56 | 171 | 164 | |
| Basic (in dollars per share) | 0.39 | 0.57 | 0.97 | 2.96 | 2.73 | |
| Diluted (in dollars per share) | 0.39 | 0.56 | 0.97 | 2.93 | 2.67 | |
| Basic (in shares) | 56 | 57 | 57 | 58 | 60 | |
| Diluted (in shares) | 56 | 57 | 58 | 58 | 61 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 59 | 51 | 64 | 105 | 158 | |
| Short-term marketable securities | 191 | 249 | 248 | 248 | 372 | |
| Accounts receivable, net | 18 | 27 | 15 | 21 | 41 | |
| Inventories | 167 | 166 | 163 | 135 | 99 | |
| Prepaid expenses and other current assets | 24 | 21 | 22 | 15 | 16 | |
| Total current assets | 458 | 514 | 512 | 525 | 687 | |
| PROPERTY AND EQUIPMENT, net | 147 | 150 | 164 | 177 | 180 | |
| INTANGIBLE ASSETS, net | 7 | 8 | 4 | 7 | 9 | |
| GOODWILL | 95 | 95 | 92 | 92 | 92 | |
| DEFERRED TAX ASSETS | 36 | 36 | 28 | 19 | 16 | |
| OTHER ASSETS | 29 | 25 | 19 | 21 | 31 | |
| Total assets | 772 | 829 | 820 | 840 | 1,014 | |
| Accounts payable | 34 | 30 | 26 | 30 | 44 | |
| Accrued payroll and related expenses | 14 | 14 | 14 | 15 | 15 | |
| Taxes payable | 962,000 | 961,000 | 1 | 938,000 | 1 | |
| Other accrued liabilities | 22 | 11 | 8 | 13 | 12 | |
| Total current liabilities | 70 | 55 | 49 | 58 | 72 | |
| LONG-TERM INCOME TAXES PAYABLE | 4 | 4 | 6 | 16 | 15 | |
| OTHER LIABILITIES | 25 | 20 | 13 | 11 | 15 | |
| Total liabilities | 99 | 79 | 68 | 85 | 102 | |
| COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 14) | — | — | — | — | — | |
| Common stock, $0.001 par value, Authorized - 140,000 shares, Outstanding - 55,339 and 56,837 shares in 2025 and 2024, respectively | 20,000 | 22,000 | 23,000 | 24,000 | 28,000 | |
| Additional paid-in capital | 0 | 19 | 0 | 0 | 162 | |
| Accumulated other comprehensive loss | −1 | −3 | −1 | −7 | −4 | |
| Retained earnings | 674 | 734 | 754 | 763 | 753 | |
| Total stockholders' equity | 673 | 750 | 752 | 755 | 912 | |
| Total liabilities and stockholders' equity | 772 | 829 | 820 | 840 | 1,014 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 27 | 33 | 35 | 35 | 32 | |
| Amortization of intangibles | 800,000 | 1 | 2 | 2 | 4 | |
| Loss (gain) on disposal of property and equipment | −108,000 | 240,000 | 100,000 | 1 | 3 | |
| Stock-based compensation expense | 40 | 35 | 29 | 22 | 38 | |
| Accretion of discount on marketable securities | −1 | −2 | −351,000 | 3 | 2 | |
| Deferred income taxes | 898,000 | −8 | −9 | −3 | −13 | |
| Decrease in accounts receivable allowance for credit losses | −342,000 | −245,000 | −454,000 | 690,000 | 18,000 | |
| Accounts receivable | 9 | −12 | 7 | 20 | −6 | |
| Inventories | −1 | −2 | −28 | −36 | 4 | |
| Prepaid expenses and other assets | 635,000 | 4 | −1 | 7 | 4 | |
| Accounts payable | 3 | 3 | −5 | −4 | 4 | |
| Taxes payable and accrued liabilities | 11 | −3 | −18 | −5 | −4 | |
| Net cash provided by operating activities | 112 | 81 | 66 | 215 | 231 | |
| Purchases of property and equipment | −24 | −17 | −21 | −39 | −47 | |
| Proceeds from sale of property and equipment | 150,000 | 0 | 0 | 1 | 35,000 | |
| Purchases of marketable securities | −64 | −106 | −191 | −56 | −554 | |
| Proceeds from sales and maturities of marketable securities | 125 | 107 | 198 | 172 | 368 | |
| Acquisition (Note 15) | 0 | −10 | 0 | 0 | — | |
| Net cash provided by (used in) investing activities | 36 | −26 | −14 | 78 | −233 | |
| Issuance of common stock under employee stock plans | 5 | 6 | 6 | 6 | 8 | |
| Repurchase of common stock | −98 | −28 | −55 | −311 | −74 | |
| Payments of dividends to stockholders | −47 | −46 | −44 | −42 | −33 | |
| Proceeds from draw on line of credit | 13 | 0 | 0 | — | — | |
| Payments on line of credit | −13 | 0 | 0 | — | — | |
| Net cash used in financing activities | −140 | −68 | −93 | −346 | −99 | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 8 | −13 | −41 | −53 | −101 | |
| Unpaid property and equipment | 3 | 3 | 3 | 1 | 11 | |
| Cash paid for income taxes, net | 3 | 5 | 14 | 18 | 26 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is POWER INTEGRATIONS INC's CIK number?
POWER INTEGRATIONS INC's SEC CIK number is 0000833640 (833640). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find POWER INTEGRATIONS INC's SEC filings?
All of POWER INTEGRATIONS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did POWER INTEGRATIONS INC last report earnings?
POWER INTEGRATIONS INC (POWI) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000833640-26-000076). This is POWER INTEGRATIONS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is POWER INTEGRATIONS INC's most recent earnings 8-K?
POWER INTEGRATIONS INC's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0000833640-26-000076. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View POWER INTEGRATIONS INC's latest earnings 8-K →
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