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POWI on Nasdaq

POWER INTEGRATIONS INC

American semiconductors and related devices company based in San Jose1

In its 2026 annual report the company says: “We design, develop and market analog and mixed-signal integrated circuits and other electronic components and circuitry used in high-voltage power conversion. Our products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use.”3 Its shares trade on Nasdaq under the symbol POWI.1

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Last updated Oct 21, 2026.

Overview

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  • TickerPOWI on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersSan Jose, California1
  • Incorporated inCA2
  • Business address5245 Hellyer Ave, San Jose, Ca 951382
  • Filer categoryLarge accelerated filer2

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We design, develop and market analog and mixed-signal integrated circuits (“ICs”) and other electronic components and circuitry used in high-voltage power conversion. Our products are used in power converters that convert electricity from a high-voltage source to the type of power required for a specified downstream use. In most cases, this conversion entails, among other functions, converting alternating current (“AC”) to direct current (“DC”) or vice versa, reducing or increasing the voltage, and regulating the output voltage and/or current according to the customer’s specifications.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

54.5%Gross margin4
2.3%Operating margin4
5.0%Net margin4
5.9%Revenue growth, 20254
3.3%Return on equity4
$87.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

Hong kong china brought in 55% of the revenue POWER INTEGRATIONS INC broke down this way in fiscal 2025.

  1. Hong kong china$245.9M455%up 3% from 2024
  2. South Korea$39.5M49%up 5% from 2024
  3. Other Countries$35.8M48%up 33% from 2024
  4. Germany$27.2M46%up 24% from 2024
  5. Taiwan$25.5M46%up 15% from 2024
  6. India$23.6M45%down 15% from 2024
  7. EMEA Other Than Germany$23.0M45%up 1% from 2024
  8. United States$22.9M45%up 10% from 2024
Regions by year
Regions202320242025
Hong kong china$265.9M$238.5M$245.9M
South Korea$25.0M$37.8M$39.5M
Other Countries$30.3M$26.9M$35.8M
Germany$23.0M$22.0M$27.2M
Taiwan$15.8M$22.2M$25.5M
India$34.6M$27.8M$23.6M
EMEA Other Than Germany$27.8M$22.9M$23.0M
United States$22.2M$20.9M$22.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue46¢$201.9M
  • Research and development23¢$101.1M
  • Other costs26¢$117.3M
  • Income tax0¢$1.1M
  • Profit5¢$22.1M

Out of $443.5M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending14¢$24.4M
  • Dividends paid28¢$47.2M
  • Share buybacks58¢$98.1M

Out of $111.5M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue56784$443.5M in 2025+5% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $420.7M$420.7M20192020: $488.3M$488.3M2020+16%2021: $703.3M$703.3M2021+44%2022: $651.1M$651.1M2022−7%2023: $444.5M$444.5M2023−32%2024: $419.0M$419.0M2024−6%2025: $443.5M$443.5M2025+6%
Gross profit56784$241.6M in 2025+13% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $213.4M$213.4M20192020: $243.6M$243.6M2020+14%2021: $360.6M$360.6M2021+48%2022: $366.9M$366.9M2022+2%2023: $229.0M$229.0M2023−38%2024: $224.8M$224.8M2024−2%2025: $241.6M$241.6M2025+8%
Operating income56784$10.2M in 2025−95% since 2019
0$100.0M$200.0M$300.0M2019: $217.0M$217.0M20192020: $70.5M$70.5M2020−68%2021: $175.1M$175.1M2021+148%2022: $180.4M$180.4M2022+3%2023: $35.1M$35.1M2023−81%2024: $17.9M$17.9M2024−49%2025: $10.2M$10.2M2025−43%
Net income56784$22.1M in 2025−89% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $193.5M$193.5M20192020: $71.2M$71.2M2020−63%2021: $164.4M$164.4M2021+131%2022: $170.9M$170.9M2022+4%2023: $55.7M$55.7M2023−67%2024: $32.2M$32.2M2024−42%2025: $22.1M$22.1M2025−31%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
NET REVENUE$443.5M$419.0M$444.5M
COST OF REVENUE$201.9M$194.2M$215.6M
GROSS PROFIT$241.6M$224.8M$229.0M
Research and development$101.1M$100.8M$96.1M
Sales and marketing$68.0M$67.8M$64.6M
General and administrative$42.7M$38.2M$33.2M
Other operating expenses$19.7M$0$0
Total operating expenses$231.5M$206.8M$193.9M
INCOME FROM OPERATIONS$10.2M$17.9M$35.1M
OTHER INCOME$10.8M$12.8M$10.8M
INCOME BEFORE INCOME TAXES$21.0M$30.8M$45.9M
PROVISION (BENEFIT) FOR INCOME TAXES-$1.1M-$1.5M-$9.8M
NET INCOME$22.1M$32.2M$55.7M
Basic (in dollars per share)$0.39$0.57$0.97
Diluted (in dollars per share)$0.39$0.56$0.97
Basic (in shares)56.1M shares56.8M shares57.2M shares
Diluted (in shares)56.3M shares57.1M shares57.6M shares

Compare POWER INTEGRATIONS INC with another company

Corporate structure

POWER INTEGRATIONS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of POWER INTEGRATIONS INC

  • POWER INTEGRATIONS INC San Jose, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What POWER INTEGRATIONS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$498.1M4 Dec 31, 2025$480.8M4 Dec 31, 2024+3.6%
Accumulated depreciation$351.6M4 Dec 31, 2025$331.2M4 Dec 31, 2024+6.1%
Property and equipment, net$146.5M4 Dec 31, 2025$149.6M4 Dec 31, 2024−2.0%
Operating-lease assets (leased space)$19.4M4 Dec 31, 2025$16.1M4 Dec 31, 2024+20.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$58.8M4 Dec 31, 2025$51.0M4 Dec 31, 2024+15.3%
Marketable securities, current$190.8M4 Dec 31, 2025$249.0M4 Dec 31, 2024−23.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$95.3M4 Dec 31, 2025$95.3M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$7.2M4 Dec 31, 2025$8.1M4 Dec 31, 2024−10.3%
Accumulated amortization$38.8M4 Dec 31, 2025$38.0M4 Dec 31, 2024+2.2%
Finite-lived intangibles, net$1.1M4 Dec 31, 2025$1.9M8 Dec 31, 2024−44.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$166.9M4 Dec 31, 2025$165.6M4 Dec 31, 2024+0.8%
Raw materials$101.4M4 Dec 31, 2025$101.4M4 Dec 31, 20240%
Work in process$27.9M4 Dec 31, 2025$27.3M4 Dec 31, 2024+2.3%
Finished goods$37.6M4 Dec 31, 2025$36.9M4 Dec 31, 2024+1.9%

Properties, in its own words

We own our principal executive, administrative, manufacturing and technical offices which are located in San Jose, California. We also own an R&D facility in New Jersey, a design center in Germany and a multipurpose office building in Switzerland. We lease administrative office space in Singapore, the United Kingdom, the Philippines, New York, and Malaysia, and sales offices in various countries around the world to accommodate our sales force. We believe that our current facilities are sufficient for our near-term needs; however, if headcount increases above capacity we may need to lease additional space.

Item 2 of the 10-K filed Feb 6, 2026.3

Leadership

Who has led POWER INTEGRATIONS INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Balu Balakrishnan2006–2025
  2. Jennifer A. Lloyd2025–now

President

  1. Balu Balakrishnan2006–2025
  2. Jennifer A. Lloyd2025–now

Chief financial officer

  1. John Cobb2006
  2. Bill Roeschlein2008–2010
  3. Sandeep Nayyar2010–2025
  4. Robert Eric Verity2025–2026
  5. Nancy Erba2026–now
2010201520202025
Board members and other officers (29)

Timeline

  1. Aug 14, 20268-K Executive or director change48
  2. Aug 5, 20268-K Results of operations49
  3. Jun 4, 20268-K Shareholder vote50
  4. May 7, 20268-K Results of operations; Executive or director change51
  5. Feb 5, 20268-K Entered a material agreement; Results of operations; Exit or restructuring costs52
  6. Jan 30, 20268-K Executive or director change; Bylaws or fiscal year changed53
  7. Nov 18, 20258-K Executive or director change54
  8. Nov 5, 20258-K Results of operations55
  9. Sep 22, 20258-K Executive or director change56
  10. Aug 6, 20258-K Results of operations57
  11. Aug 5, 2025New chief executive Jennifer A. Lloyd becomes CEO12
  12. Jul 17, 20258-K Executive or director change58
  13. May 16, 20258-K Shareholder vote59
  14. Feb 8, 2006New chief executive Balu Balakrishnan becomes CEO13

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.06 a share, on Nov 5, 2025.60

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results49
  2. May 7, 2026Reported quarterly or annual results51
  3. Feb 5, 2026Reported quarterly or annual results52
  4. Nov 5, 2025Reported quarterly or annual results55
  5. Aug 6, 2025Reported quarterly or annual results57
  6. May 12, 2025Reported quarterly or annual results61
  7. Feb 6, 2025Reported quarterly or annual results62
  8. Nov 6, 2024Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

454 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 36 major events, 281 insider forms, 22 large holders, 95 other. The latest 20:

  1. Aug 14, 20268-K CURRENT REPORT EDGAR
  2. Aug 6, 2026S-8 REGISTRATION STATEMENT EDGAR
  3. Aug 6, 202610-Q EDGAR
  4. Aug 5, 20268-K EDGAR
  5. Jul 31, 20263 PRIMARY DOCUMENT EDGAR
  6. Jul 27, 20264 PRIMARY DOCUMENT EDGAR
  7. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  8. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  9. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  10. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  11. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  12. Jul 6, 20264 PRIMARY DOCUMENT EDGAR
  13. Jun 4, 2026SCHEDULE 13G/A EDGAR
  14. Jun 4, 20268-K CURRENT REPORT EDGAR
  15. Jun 2, 20264 PRIMARY DOCUMENT EDGAR
  16. May 29, 2026144 EDGAR
  17. May 29, 20264 PRIMARY DOCUMENT EDGAR
  18. May 29, 20264 PRIMARY DOCUMENT EDGAR
  19. May 28, 2026144 EDGAR
  20. May 28, 2026144/A EDGAR

The 454 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

242 open-market trades by officers, directors and large owners since October 2021: 0 buys and 242 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 22, 2026Lloyd Jennifer APresident and CEOSale12,690$73.73$935.6KForm 4
May 29, 2026Gupta SunilSr. Vice President, OperationsSale6,860$83.67$574.0KForm 4
May 28, 2026BALAKRISHNAN BALUDirectorSale124,287$86.44$10.7MForm 4
May 27, 2026BRATHWAITE NICHOLASDirectorSale1,728$86.62$149.7KForm 4
May 26, 2026Gupta SunilSr. Vice President, OperationsSale15,894$82.18$1.3MForm 4
May 26, 2026BRATHWAITE NICHOLASDirectorSale6,655$82.71$550.4KForm 4
May 26, 2026BALAKRISHNAN BALUDirectorSale118,573$81.72$9.7MForm 4
May 21, 2026BALAKRISHNAN BALUDirectorSale53,880$70.71$3.8MForm 4
May 13, 2026BRATHWAITE NICHOLASDirectorSale6,895$72.41$499.3KForm 4
Apr 2, 2026Jain GaganVP, Worldwide SalesSale313$51.93$16.3KForm 4
Feb 25, 2026Jain GaganVP, Worldwide SalesSale3,481$48.23$167.9KForm 4
Feb 10, 2026BALAKRISHNAN BALUDirectorSale4,995$47.20$235.8KForm 4
Feb 10, 2026Gupta SunilSr. Vice President, OperationsSale1,272$45.97$58.5KForm 4
Feb 9, 2026BALAKRISHNAN BALUDirectorSale6,368$46.53$296.3KForm 4
Feb 9, 2026Lloyd Jennifer APresident and CEOSale3,322$46.57$154.7KForm 4
Feb 9, 2026Gupta SunilSr. Vice President, OperationsSale1,401$46.57$65.2KForm 4
Feb 3, 2026BALAKRISHNAN BALUDirectorSale10,080$44.75$451.1KForm 4
Feb 3, 2026Gupta SunilSr. Vice President, OperationsSale2,168$45.58$98.8KForm 4
Feb 3, 2026Jain GaganVP, Worldwide SalesSale157$45.58$7.2KForm 4
Jan 29, 2026BALAKRISHNAN BALUDirectorSale5,581$46.59$260.0KForm 4

All 242 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.8,722,053$730.6M0.0%+200,304
Vanguard Portfolio Management LLC5,190,284$434.7M0.0%+214,425
Wellington Management Group Llp3,595,855$301.2M0.1%+239,702
State Street Corp3,194,155$267.5M0.0%+116,312
Vanguard Capital Management LLC2,511,196$210.3M0.0%+4,277
William Blair Investment Management, LLC2,382,007$199.5M0.6%+1,330
Neuberger Berman Group LLC2,020,390$169.2M0.1%−1,912,709
Disciplined Growth Investors Inc /mn1,891,864$158.5M2.7%−67,308
Geode Capital Management, LLC1,803,038$151.0M0.0%+128,213
Snyder Capital Management L P1,766,507$148.0M2.6%−337,556
Robeco Schweiz AG1,340,404$112.3M1.8%+470,234
Morgan Stanley1,192,455$99.9M0.0%−309,505
Capital International Investors1,183,746$99.2M0.0%+71,356
Dimensional Fund Advisors LP1,085,077$90.9M0.0%+27,922
Nuveen, LLC1,020,059$85.4M0.0%−28,094
Congress Asset Management Co930,059$77.9M0.5%New
Copeland Capital Management, LLC882,810$73.9M1.5%−438,979
Boston Trust Walden Corp882,471$73.9M0.6%+304,866
Invesco Ltd.870,396$72.9M0.0%+589,710
Jpmorgan Chase & Co879,254$69.6M0.0%−414,121
American Century Companies Inc781,675$65.5M0.0%+755,107
Massachusetts Financial Services Co /ma/767,672$64.3M0.0%New
Northern Trust Corp764,474$64.0M0.0%−77,077
Stephens Investment Management Group LLC755,549$63.3M0.7%+10,380
Charles Schwab Investment Management Inc753,514$63.1M0.0%−4,479

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 2, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000+137.7%Report
Aug 24, 2020Josh GottheimerDemocratic, HouseSale$1,001 - $15,000+145.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How POWER INTEGRATIONS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPOWER INTEGRATIONS INC1
  • CIK0000833640
  • Employer ID (EIN)94-30650143
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3674 Semiconductors & Related Devices1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address5245 Hellyer Ave, San Jose, CA 951381
  • Phone40841492001
  • Shares outstanding55,873,298 as of Aug 3, 202610
  • Public float$2.3B as of Jun 28, 20253
  • AuditorDELOITTE & TOUCHE LLP, San Jose, California PCAOB ID 34; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceSep 11, 19971
  • Filings2,871 in all: 4 (2,084), 8-K (190), SC 13G/A (115), 10-Q (86), 144 (70), SC 13G (36), 4/A (35), 10-K (28)1
    All 39 form types

    DEF 14A (28), 3 (26), CT ORDER (26), DEFA14A (21), S-8 (19), ARS (13), SD (13), UPLOAD (12), CORRESP (8), 8-K/A (7), NT 10-Q (5), S-1/A (5), SCHEDULE 13G (5), 10-K/A (4), 5 (4), SC TO-I/A (4), SCHEDULE 13G/A (4), PRE 14A (3), 144/A (2), 5/A (2), 8-A12G (2), NT 10-K (2), SC TO-C (2), SC TO-I (2), SEC STAFF LETTER (2), 10-K405 (1), 10-Q/A (1), 15-12G (1), 3/A (1), 424B1 (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Feb 6, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Apr 21, 2026
    Latest 8-K (8-K) Aug 14, 2026

Securities registered for trading

ClassSymbolExchange
Common StockPOWIThe Nasdaq Global Select Market

From the cover page of the 10-K filed Feb 6, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks POWER INTEGRATIONS INC names in Item 1A of its 10-K filed Feb 6, 2026: 19 risks under these headings, as written.3

  • Risks Related to Ownership of Our Common Stock
  • Risks Related to the Operation and Growth of Our Business
  • If demand for our products declines in our major end markets and we do not penetrate additional markets, our net revenue will decrease.
  • Our international sales activities account for a substantial portion of our net revenue, which subjects us to substantial risks.
  • We do not have long-term contracts with any of our customers and if they fail to place, or if they cancel or reschedule orders for our products, our operating results and our business may suffer.
  • Unfavorable or uncertain market conditions and risks relating to the adoption, use or application of emerging technologies, including AI, by our customers and in our business, may impact financial results and could result in reputational and financial harm and liability.
  • Our products must meet exacting specifications, and undetected defects, failures or other quality issues may occur which may cause customers to return or stop buying our products and/or impose significant costs to us.
  • Any failure, disruption or security breach or incident otherwise impacting our information technology infrastructure or information management systems could have an adverse impact on our business and operations.
  • Interruptions in our information technology systems could adversely affect our business.
  • Intense competition in the high-voltage power supply industry may lead to a decrease in our average selling price and reduced sales volume of our products.
  • We must attract and retain qualified personnel to be successful and competition for qualified personnel is intense in our market.
  • We may incur higher than expected expenses or not realize the expected benefits, or any benefits, of restructuring initiatives designed to reduce costs and create a more efficient organization.
The other 9 risks
  • Because the sales cycle for our products can be lengthy, we may incur substantial expenses before we generate significant revenue, if any.
  • The power supply industry routinely experiences cyclical market patterns and our products are used across different end markets. A significant downturn in the industry or in any of these end markets could cause a meaningful reduction in demand for our products and adversely affect our operating results.
  • In the event of an earthquake, fire, other pandemics, natural or other disasters, including with respect to climate change, our operations may be interrupted and our business would be harmed.
  • Risks Related to Financial Performance
  • Our products are sold through distributors, which limits our direct interaction with our end customers, therefore reducing our ability to forecast sales and increasing the complexity of our business.
  • If we are unable to adequately protect or enforce our intellectual property rights, we could lose market share, incur costly litigation expenses, suffer incremental price erosion or lose valuable assets, any of which could harm our operations and negatively impact our profitability.
  • If we do not prevail in our litigation, we will have expended significant financial resources, potentially without any benefit, and may also suffer the loss of rights to use some technologies.
  • Risks Related to Laws and Regulations
  • General Risk Factors
  • Current or potential war, domestic or international conflict, political or social instability, or military actions could adversely affect our business.
  • Our inability to successfully integrate, or realize the expected benefits from, our acquisitions could adversely affect our results.
  • We have been and may be subject to or involved in litigation, threatened litigation or other disputes, the outcome of which may be difficult to predict, and which may be costly to defend, divert management attention, require us to pay damages or other payments, or restrict the operation of our business.

Legal proceedings

Information with respect to this item may be found in Note 14, Legal Proceedings and Contingencies, in our Notes to Consolidated Financial Statements included later in this Annual Report on Form 10-K, which information is incorporated here by reference.

The opening of Item 3, Legal Proceedings.3

Sources

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