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Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits, and other electronic components and circuitry used in high-voltage power conversion. It provides a range of alternating current to direct current power conversion products that address power supply up to approximately 500 watts of output for consumer appliances, utility meters, LCD monitors, tablets, smartphones, computers, TVs, consumer and industrial applications, and LED lightings; and power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric locomotives, and high-voltage DC transmission systems. The company also offers InnoSwitch IC for electric vehicles; high-voltage gate-driver products used to operate high-voltage switches, such as insulated-gate bipolar transistors and silicon-carbide MOSFETs under the SCALE and SCALE-2 product-family names; and SCALE-iDriver for use in powertrain and charging applications for electric vehicles. In addition, it provides motor-driver ICs for use in refrigerator compressors, ceiling fans, air purifiers, and circulation pumps, as well as pumps and fans used in appliances, such as dishwashers, laundry machines, and boilers. The company serves communications, computer, consumer, and industrial markets. It sells its products to original equipment manufacturers and merchant power supply manufacturers through direct sales staff, as well as a network of independent sales representatives and distributors in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Power Integrations, Inc. was incorporated in 1988 and is headquartered in San Jose, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $444M | $38M | $22M | $87M | 3.3% | 5.9% | -31.5% |
| 2024 | $419M | $53M | $32M | $64M | 4.3% | -5.8% | -42.2% |
| 2023 | $445M | $72M | $56M | $45M | 7.4% | -31.7% | -67.4% |
| 2022 | $651M | $218M | $171M | $176M | 22.6% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 651.14 | 444.54 | 418.97 | 443.50 |
| Operating Revenue | - | 651.14 | 444.54 | 418.97 | 443.50 |
| Cost Of Revenue | - | 284.23 | 215.58 | 194.22 | 201.86 |
| Gross Profit | - | 366.91 | 228.96 | 224.75 | 241.65 |
| Operating Expense | - | 186.50 | 193.90 | 206.82 | 231.46 |
| Research And Development | - | 93.89 | 96.07 | 100.79 | 101.12 |
| Selling General And Administration | - | 91.47 | 97.83 | 106.03 | 110.65 |
| Total Expenses | - | 470.73 | 409.48 | 401.04 | 433.31 |
| Operating Income | - | 180.41 | 35.06 | 17.93 | 10.19 |
| Total Operating Income As Reported | - | 180.41 | 35.06 | 17.93 | 10.19 |
| EBITDA | - | 217.76 | 72.44 | 52.51 | 38.22 |
| Normalized EBITDA | - | 217.76 | 72.44 | 52.51 | 38.22 |
| EBIT | - | 180.41 | 35.06 | 17.93 | 10.19 |
| Other Non Operating Income Expenses | - | 3.01 | 10.85 | 12.82 | 10.78 |
| Other Income Expense | - | 3.01 | 10.85 | 12.82 | 10.78 |
| Pretax Income | - | 183.43 | 45.91 | 30.75 | 20.98 |
| Tax Provision | - | 12.58 | -9.83 | -1.48 | -1.11 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Net Income From Continuing And Discontinued Operation | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Net Income | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Net Income Common Stockholders | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Net Income Including Noncontrolling Interests | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Normalized Income | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Diluted NI Availto Com Stockholders | - | 170.85 | 55.74 | 32.23 | 22.09 |
| Basic Average Shares | - | 57.80 | 57.20 | 56.82 | 56.06 |
| Diluted Average Shares | - | 58.37 | 57.62 | 57.13 | 56.32 |
| Reconciled Depreciation | - | 37.34 | 37.38 | 34.58 | 28.03 |
| Reconciled Cost Of Revenue | - | 284.23 | 215.58 | 194.22 | 201.86 |
| Total Unusual Items | 0 | -1.13 | - | - | - |
| Total Unusual Items Excluding Goodwill | 0 | -1.13 | - | - | - |
| Special Income Charges | 0 | -1.13 | - | - | - |
| Other Special Charges | - | 1.13 | - | - | - |
| General And Administrative Expense | - | 28.90 | 33.23 | 38.21 | 42.70 |
| Other Gand A | - | 28.90 | 33.23 | 38.21 | 42.70 |
| Other Operating Expenses | - | 1.13 | - | - | 19.69 |
| Selling And Marketing Expense | - | 62.57 | 64.60 | 67.82 | 67.95 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Power Integrations, Inc.this co. | POWI | $4.8B | 215.13↑ premium | 7.06 | 3.3% | 117.83 |
| Lyft, Inc. | LYFT | $5.4B | 1.89 | 1.64 | 86.9% | 53.59 |
| Diodes Incorporated | DIOD | $5.2B | 78.15 | 2.75 | 3.5% | 21.25 |
| EPAM Systems, Inc. | EPAM | $5.1B | 13.50 | 1.39 | 10.3% | 5.75 |
| Axcelis Technologies, Inc. | ACLS | $5.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| 41.37 |
| 4.81 |
| 11.6% |
| 28.80 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Ultra Clean Holdings, Inc. | UCTT | $4.2B | -23.18 | 5.91 | -25.5% | -144.65 |
| Impinj, Inc. | PI | $4.1B | - | 19.82 | -5.2% | 595.65 |
| Peer Median | - | 13.50 | 3.82 | 6.9% | 15.89 | |