Saturday 17 October 2026
Export POWI’s income statement to Excel — free account
Power Integrations, Inc.
POWI Technology Semiconductors
Power Integrations, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $443.5 million, up 5.86% from fiscal 2024. In the quarter to June 2026, revenue grew 2.66%, EPS grew 800.0% and free cash flow fell 23.6%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
44.50
0.47
−1.05%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 19.77 | 30.72 | 23.68 | 27.90 | 38.57 | 73.04 | 59.16 | 66.90 | 56.63 | 30.86 |
Analyst estimates 2026–2028 Powerpack |
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| High | 35.00 | 43.30 | 40.25 | 51.19 | 82.03 | 110.66 | 98.92 | 99.60 | 85.00 | 68.20 | |||||
| People | |||||||||||||||
| People | Employees | 626 | 646 | 662 | 699 | 725 | 773 | 831 | 819 | 865 | 877 | ||||
| Revenue/emp, $m | 0.62 | 0.67 | 0.63 | 0.60 | 0.67 | 0.91 | 0.78 | 0.54 | 0.48 | 0.51 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 390 | 432 | 416 | 421 | 488 | 703 | 651 | 445 | 419 | 444 | ||||
| Gross margin, % | 49.32 | 49.49 | 51.64 | 50.73 | 49.88 | 51.28 | 56.35 | 51.50 | 53.64 | 54.49 | |||||
| EBT | 50 | 60 | 60 | 222 | 75 | 176 | 183 | 46 | 31 | 21 | |||||
| EBT margin, % | 12.82 | 13.97 | 14.37 | 52.87 | 15.41 | 25.04 | 28.17 | 10.33 | 7.34 | 4.73 | |||||
| Net income | 49 | 28 | 70 | 193 | 71 | 164 | 171 | 56 | 32 | 22 | |||||
| Depreciation | 24 | 26 | 24 | 24 | 29 | 37 | 41 | 37 | 33 | 27 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 6.74 | 7.28 | 7.06 | 7.19 | 8.19 | 11.66 | 11.27 | 7.77 | 7.37 | 7.91 | ||||
| Earnings | 0.83 | 0.47 | 1.19 | 3.31 | 1.19 | 2.73 | 2.96 | 0.97 | 0.57 | 0.39 | |||||
| Cash flow | 1.69 | 1.38 | 1.43 | 3.84 | 2.11 | 3.83 | 3.73 | 1.15 | 1.43 | 1.99 | |||||
| Capex | (0.21) | (0.55) | (0.43) | (0.43) | (1.17) | (0.78) | (0.66) | (0.37) | (0.30) | (0.43) | |||||
| Free cash flow | 1.48 | 0.83 | 0.99 | 3.41 | 0.93 | 3.04 | 3.07 | 0.78 | 1.12 | 1.56 | |||||
| Book value | 8.70 | 9.23 | 8.95 | 12.38 | 13.58 | 15.12 | 13.07 | 13.15 | 13.20 | 12.00 | |||||
| Shares, m | 58 | 59 | 59 | 59 | 60 | 60 | 58 | 57 | 57 | 56 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 40.94 | 81.29 | 25.62 | 15.03 | 68.22 | 34.03 | 24.29 | 82.61 | 108.25 | 91.13 | ||||
| P/S | 5.04 | 5.20 | 4.32 | 6.88 | 10.00 | 7.97 | 6.36 | 10.31 | 8.37 | 4.49 | |||||
| P/B | 3.91 | 4.10 | 3.41 | 4.00 | 6.03 | 6.14 | 5.48 | 6.09 | 4.68 | 2.96 | |||||
| EV/Sales | 4.40 | 4.54 | 3.77 | 5.90 | 9.08 | 7.21 | 5.82 | 9.61 | 7.65 | 3.93 | |||||
| EV/FCF | 20.01 | 39.57 | 30.75 | 12.48 | 81.49 | 27.82 | 21.52 | 97.97 | 51.20 | 20.27 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 98 | 82 | 84 | 224 | 126 | 231 | 215 | 66 | 81 | 112 | ||||
| Capex | (12) | (32) | (26) | (25) | (70) | (47) | (38) | (21) | (17) | (24) | |||||
| Free cash flow | 86 | 50 | 58 | 199 | 56 | 184 | 177 | 45 | 64 | 87 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 274 | 313 | 284 | 491 | 539 | 614 | 467 | 463 | 459 | 388 | ||||
| Total debt | — | — | — | 9 | 10 | 11 | 9 | — | — | — | |||||
| Net debt | (250) | (283) | (229) | (411) | (449) | (530) | (354) | (312) | (300) | (250) | |||||
| Shareholders’ equity | 503 | 548 | 527 | 725 | 810 | 912 | 755 | 752 | 750 | 673 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 9.39 | 4.70 | 11.57 | 27.79 | 8.34 | 17.15 | 18.42 | 6.72 | 3.91 | 2.76 | ||||
| ROIC | 12.09 | 13.60 | 11.65 | 43.27 | 12.20 | 28.67 | 28.09 | 4.97 | 2.49 | 1.51 | |||||
| ROE | 10.50 | 5.26 | 13.02 | 30.91 | 9.27 | 19.09 | 20.49 | 7.39 | 4.29 | 3.11 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Power Integrations, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SYNA Synaptics Incorporated | $4.7B | — (loss-making) | — (loss-making) | +8.91% (above 0%: growing) | n/m | +9.29% (above 0%: growing) | 47.34% | (5.23%) | Compare |
| VSH Vishay Intertechnology, Inc. | $4.4B | 134× | 73.7× | +16.57% (above 0%: growing) | +1,318.92% (above 0%: growing) | +114.09% (above 0%: growing) | 23.34% | 6.02% | Compare |
| DIOD Diodes Incorporated | $3.9B | 44.1× | 39.8× | +21.66% (above 0%: growing) | +3.03% (above 0%: growing) | +31.47% (above 0%: growing) | 33.12% | 7.47% | Compare |
| POWI Power Integrations, Inc. | $2.5B | 96.7× | 112× | +2.66% (above 0%: growing) | +800.00% (above 0%: growing) | −23.62% (below 0%: shrinking) | 54.34% | 7.48% | |
| NVTS Navitas Semiconductor Corporation | $2.4B | — (loss-making) | — (loss-making) | −27.34% (below 0%: shrinking) | n/m | −171.50% (below 0%: shrinking) | 38.73% | (258.24%) | Compare |
| IMOS Chipmos Technologies | $2.3B | 30.0× | — | +25.55% (above 0%: growing) | n/m | −9.79% (below 0%: shrinking) | 17.96% | 12.84% | Compare |
| HIMX Himax Technologies, Inc. | $2.1B | 56.6× | 50.2× | +5.85% (above 0%: growing) | +10.00% (above 0%: growing) | −76.68% (below 0%: shrinking) | 33.09% | 10.80% | Compare |
| LASR nLight | $2.1B | — (loss-making) | — (loss-making) | +33.78% (above 0%: growing) | n/m | +576.25% (above 0%: growing) | 31.15% | (4.32%) | Compare |
| WOLF Wolfspeed, Inc. | $1.4B | — (loss-making) | — | — | n/m | — | 100.00% | 100.00% | Compare |
| Median of peers | $2.3B | 50.3× | 50.2× | +16.57% | +10.00% | +9.29% | 33.11% | 6.75% |
Power Integrations, Inc. (POWI) key facts
- Concern: Net income was $22.1 million, or $0.39 per share (basic), a net margin of 4.98%.
- Strength: Power Integrations, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $443.5 million, up 5.86% from fiscal 2024.
- Power Integrations, Inc. (POWI) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, POWI traded at $44.50, a market capitalization of $2.5 billion.
- At that price the stock trades at 96.7× trailing-twelve-month earnings and 5.5× sales; its P/E is higher than 87% of its own readings over the past ten years.
- Power Integrations, Inc. pays an annual dividend of $0.86 per share, a yield of 1.92%, with a payout ratio of 190.0%.
- Return on equity was 3.11% and debt-to-equity 0.00.
- Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 14.47 (safe zone) for fiscal 2025.