Power Integrations Q1 2025 Earnings Report
Key Takeaways
Power Integrations reported a strong first quarter for 2025, with revenues increasing 15% year-over-year to $105.5 million. GAAP earnings were $0.15 per diluted share, and non-GAAP earnings were $0.31 per diluted share. The company also authorized a new $50 million share repurchase program.
Revenues increased 15% year-over-year to $105.5 million.
GAAP earnings were $0.15 per diluted share.
Non-GAAP earnings were $0.31 per diluted share.
A new $50 million share-repurchase authorization was approved.
Power Integrations
Power Integrations
Power Integrations Revenue by Segment
Forward Guidance
For the second quarter of 2025, Power Integrations expects revenues to be $115 million, plus or minus $5 million. GAAP gross margin is expected to be approximately 55 percent, and non-GAAP gross margin is expected to be approximately 55.5 percent. GAAP operating expenses are expected to be approximately $56 million, and non-GAAP operating expenses are expected to be approximately $46 million.
Positive Outlook
- Expected healthy sequential growth in the second quarter.
- Order trends have remained steady.
- Channel inventories are at normal levels.
- Utilizing strong balance sheet to buy back shares.
- Remaining focused on big-picture trends driving demand such as energy efficiency, AI, electrification, and a cleaner power grid.
Challenges Ahead
- Trade policy adds uncertainty to the second-half outlook.
- Potential changes and shifts in customer demand.
- Effects of competition.
- Unforeseen costs and expenses.
- Unfavorable fluctuations in component costs or operating expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income