Power Integrations, Inc. POWI R2KAI

Technology · Semiconductors · United States

https://www.power.com

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.

Market & Price

Market Cap

$4.68B

Current Price

$84.00

High / Low (52W)

$86.86 / $30.52

Beta

1.54

Valuation

Stock P/E

280.00

Industry PE

32.74

Forward P/E

45.86

PEG Ratio

1.51

Book Value

$12.16

Price to Book

6.91

P/S

10.49

EV/EBITDA

88.58

Dividend Yield

1.02%

Profitability & Returns

ROCE

1.45%

ROE

2.36%

ROA

1.80%

Profit Margin

3.72%

Op Margin

7.41%

EPS (Latest Qtr)

$0.06

EPS (TTM)

$0.30

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

4.11

Current Ratio

6.88

Debt

Total Assets

$772.21M

Current Assets

$458.33M

Working Capital

$387.97M

Ownership

Promoter Holding

1.57%

Chg in Prom Hold

-0.04%

FII / Inst Holding

116.61%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$4.42B

Total Revenue (TTM)

$446.28M

EBITDA

$49.94M

Free Cash Flow

$79.06M

Operating Cash Flow

$105.18M

Shares Outstanding

55.72M

Gross Margin

53.94%

Payout Ratio

281.67%

Growth (CAGR)

Revenue 5Y

-12.02%

Profit 5Y

-49.43%

Revenue (YoY)

2.60%

Earnings (YoY)

-60.40%

PROS

Generates positive free cash flow.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 280.0.
Revenue declined at -12.0% CAGR over 5 years.
Earnings shrank at -49.4% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	POWI Power Integrations, Inc. R2KAI	84.00	280.00	$4.68B	1.02%	1.45%	2.36%	-12.02%	-49.43%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	88.88M	-	88.04M	97.57M	103.79M	-	104.69M	107.56M	111.25M	108.25M	103.08M	109.48M	110.08M	93.31M	89.19M	102.86M	114.16M	114.46M	109.66M	106.83M	121.13M	150.69M	173.74M	180.11M	176.78M	182.15M	183.99M	160.23M	106.30M	123.22M	125.51M	91.69M	106.20M	115.84M	-	105.53M	115.85M	118.92M	103.20M	108.31M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47.29M	51.90M	54.07M	48.59M	51.37M
Gross Profit	44.16M	42.92M	44.49M	47.78M	49.84M	50.08M	50.48M	53.45M	55.71M	54.03M	53.54M	56.23M	57.01M	48.01M	45.47M	51.57M	58.13M	58.23M	56.48M	53.54M	59.57M	74.00M	84.41M	91.31M	91.74M	100.67M	106.84M	92.03M	53.96M	62.85M	65.94M	47.78M	56.53M	63.17M	-	58.23M	63.95M	64.85M	54.61M	56.94M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51.52M	65.30M	68.80M	45.84M	49.28M
Operating Income	11.78M	-	10.45M	11.78M	13.12M	-	12.92M	14.20M	16.06M	-	13.96M	15.62M	18.02M	-	6.12M	9.76M	17.50M	-	15.09M	12.93M	14.74M	-	40.19M	44.98M	45.59M	51.05M	60.10M	48.37M	5.76M	12.64M	17.71M	470.00K	1.96M	11.58M	-	6.72M	-1.34M	-3.95M	8.77M	7.66M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14.17M	5.87M	2.80M	15.39M	14.22M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.88M	1.34M	-1.40M	11.15M	3.92M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.09M	-24.00K	-42.00K	-2.14M	620.00K
Net Income	11.51M	12.70M	10.38M	11.41M	12.81M	14.30M	14.10M	13.90M	16.51M	-16.90M	14.20M	15.38M	17.67M	22.74M	7.23M	10.85M	17.10M	158.29M	15.89M	13.19M	14.82M	27.28M	39.80M	41.88M	42.03M	46.25M	55.82M	45.96M	6.88M	14.79M	19.80M	3.95M	4.85M	14.29M	-	8.79M	1.37M	-1.36M	13.29M	3.30M
Diluted EPS	0.39	0.44	0.35	0.39	0.43	0.48	0.47	0.46	0.54	-0.57	0.46	0.51	0.59	0.77	0.13	0.19	0.29	2.64	0.26	0.22	0.24	0.45	0.65	0.68	0.69	0.77	0.96	0.80	0.12	0.26	0.34	0.07	0.09	0.25	-	0.15	0.02	-0.02	0.24	0.06
R&D Expense	13.89M	-	14.78M	15.86M	15.91M	-	16.64M	17.34M	17.34M	-	17.48M	17.90M	17.24M	-	17.95M	19.27M	17.96M	-	19.15M	19.77M	20.87M	-	20.03M	21.74M	21.14M	23.68M	23.51M	23.20M	23.98M	24.52M	24.06M	23.23M	26.05M	25.83M	-	24.09M	25.99M	26.70M	-	26.25M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	201.71M	215.70M	299.80M	298.74M	305.37M	347.09M	348.80M	-	389.67M	431.75M	415.95M	420.67M	488.32M	-	651.14M	444.54M	418.97M	443.50M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	284.23M	215.58M	194.22M	201.85M
Gross Profit	105.03M	108.07M	152.54M	140.65M	150.50M	183.24M	189.57M	173.30M	192.19M	213.66M	214.79M	213.40M	243.59M	-	366.91M	228.96M	224.75M	241.65M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186.50M	193.90M	206.82M	231.46M
Operating Income	3.01M	28.61M	59.93M	43.22M	11.35M	54.07M	55.80M	38.91M	48.87M	57.64M	55.65M	217.02M	70.49M	-	180.41M	35.06M	17.93M	10.19M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	217.76M	72.44M	52.51M	38.22M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183.43M	45.91M	30.75M	20.98M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12.57M	-9.83M	-1.48M	-1.11M
Net Income	1.80M	23.27M	49.46M	34.29M	-34.40M	57.27M	59.54M	39.15M	48.90M	27.61M	69.98M	193.47M	71.18M	-	170.85M	55.73M	32.23M	22.09M
Diluted EPS	0.06	0.82	1.67	1.14	-1.20	1.88	1.93	1.32	1.65	0.90	1.16	3.24	1.17	-	2.93	0.97	0.56	0.39
R&D Expense	36.87M	30.47M	35.89M	40.30M	45.71M	51.65M	54.98M	57.55M	62.31M	68.50M	70.58M	73.47M	81.71M	84.93M	93.89M	96.07M	100.79M	101.12M

Compounded Sales Growth

5 Years:	-12.02%
1 Year:	2.60%

Compounded Profit Growth

5 Years:	-49.43%
1 Year:	-60.40%

Stock Price Performance

1 Year:	+71.93%
6 Months:	+153.99%
3 Months:	+75.73%
1 Month:	+20.83%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2007	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	344.57M	433.07M	432.92M	399.13M	501.42M	493.66M	487.54M	554.41M	621.07M	588.70M	803.90M	903.34M	-	840.10M	819.87M	828.83M	772.21M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	525.07M	511.60M	514.04M	458.33M
Cash & Equivalents	118.35M	167.47M	134.97M	155.67M	139.84M	63.39M	92.93M	60.71M	90.09M	62.13M	93.66M	134.14M	178.69M	258.87M	-	105.37M	63.93M	50.97M	58.76M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	135.42M	163.16M	165.61M	166.89M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20.84M	14.67M	27.17M	18.25M
Total Liabilities	-	-	59.77M	79.03M	68.39M	58.08M	64.73M	62.99M	58.92M	51.33M	73.39M	61.62M	79.35M	92.93M	-	84.88M	67.63M	79.05M	99.36M
Current Liabilities	-	-	35.92M	49.45M	34.02M	40.57M	50.42M	55.16M	51.99M	43.95M	51.05M	48.37M	50.48M	62.53M	-	58.38M	48.87M	55.32M	70.36M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Equity	289.49M	259.68M	283.40M	352.64M	364.53M	341.05M	436.69M	430.68M	442.59M	503.08M	547.68M	527.07M	724.55M	810.41M	-	755.22M	752.24M	749.77M	672.85M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56.96M	56.74M	56.84M	55.34M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	36.20M	44.97M	59.97M	69.19M	51.83M	98.67M	85.56M	92.19M	97.90M	82.04M	83.96M	224.50M	125.64M	-	215.34M	65.76M	81.18M	111.52M
Investing Cash Flow	71.15M	-57.97M	-46.55M	-52.31M	-124.71M	-90.66M	-38.15M	-7.74M	-117.43M	-34.72M	69.14M	-162.05M	-28.27M	-	78.34M	-14.15M	-25.92M	36.21M
Financing Cash Flow	-58.24M	-19.50M	7.27M	-32.72M	-3.57M	21.53M	-79.63M	-55.07M	-8.43M	-15.80M	-112.62M	-17.90M	-17.19M	-	-346.42M	-93.05M	-68.22M	-139.94M
Capital Expenditure	-9.10M	-14.36M	-30.57M	-23.22M	-16.36M	-13.96M	-23.07M	-11.36M	-12.20M	-32.50M	-24.68M	-24.11M	-70.60M	-	-39.21M	-20.88M	-17.29M	-24.40M
Free Cash Flow	27.10M	30.61M	29.41M	45.97M	35.47M	84.71M	62.49M	80.83M	85.70M	49.54M	59.29M	200.38M	55.04M	-	176.13M	44.88M	63.90M	87.12M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-52.74M	-41.44M	-12.96M	7.78M
Share Buybacks	82.36M	28.67M	13.96M	50.00M	20.47M	0	80.76M	53.73M	6.43M	9.19M	103.15M	7.30M	2.64M	73.94M	311.09M	55.28M	27.88M	98.10M
Dividends Paid	730.00K	2.69M	5.58M	5.72M	5.75M	9.45M	13.16M	13.92M	15.05M	16.63M	18.82M	20.51M	25.08M	32.60M	41.49M	44.01M	46.04M	47.17M

Ratios (Annual)

Figures in %.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	52.1%	50.1%	50.9%	47.1%	49.3%	52.8%	54.3%	-	49.3%	49.5%	51.6%	50.7%	49.9%	-	56.3%	51.5%	53.6%	54.5%
Operating Margin %	1.5%	13.3%	20.0%	14.5%	3.7%	15.6%	16.0%	-	12.5%	13.3%	13.4%	51.6%	14.4%	-	27.7%	7.9%	4.3%	2.3%
Net Margin %	0.9%	10.8%	16.5%	11.5%	-11.3%	16.5%	17.1%	-	12.5%	6.4%	16.8%	46.0%	14.6%	-	26.2%	12.5%	7.7%	5.0%
ROE %	0.7%	8.2%	14.0%	9.4%	-10.1%	13.1%	13.8%	8.8%	9.7%	5.0%	13.3%	26.7%	8.8%	-	22.6%	7.4%	4.3%	3.3%
ROCE %	-	9.3%	15.6%	10.8%	3.2%	12.0%	12.7%	8.9%	9.6%	10.1%	10.3%	28.8%	8.4%	-	23.1%	4.5%	2.3%	1.5%

Shareholding Pattern

Insiders

1.57%

Institutions

116.61%

Public Float

118.47%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	15.29%	8.52M	$715.83M
2	Vanguard Portfolio Management LLC	8.93%	4.98M	$417.97M
3	Neuberger Berman Group, LLC	7.06%	3.93M	$330.38M
4	Wellington Management Group, LLP	6.02%	3.36M	$281.92M
5	State Street Corporation	5.52%	3.08M	$258.54M
6	Vanguard Capital Management LLC	4.50%	2.51M	$210.58M
7	William Blair Investment Management, LLC	4.27%	2.38M	$199.98M
8	Snyder Capital Management, LP	3.78%	2.10M	$176.74M
9	Disciplined Growth Investors, Inc.	3.52%	1.96M	$164.57M
10	Geode Capital Management, LLC	3.01%	1.67M	$140.69M

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POWI · Technology