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Power Integrations (POWI) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Power Integrations (POWI) Q3 2026 earnings results →

Q3 2026 Revenue up 6% year over year to $125M · 15¢ of every $1 of revenue kept as net profit · operating margin 15.2%

Power Integrations made $125M in Q3 2026 (+6% Y/Y). Operating margin 15.2%, net earnings $18.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$125M
Year over year+6%
Operating margin15.2%
Net earnings$18.3M
Operating cash flow$42.6M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $125.5M in Q3 2026, up 6% year over year and up 5% from the previous quarter.

Gross margin was 55.6%, up 1.0 points from Q3 2025. Operating profit was $19.1M, a 15.2% margin (up 18.6 points year over year). Operating expenses fell 26% while revenue rose 6%. Net earnings were $18.3M. The effective tax rate was 13.6%.

Operating cash flow was $42.6M (up 43% year over year), 232% of net earnings. Non-cash charges added back $6.3M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items added $8.5M. Capital expenditures of $6.1M left free cash flow of $36.5M.

Quarterly history

Power Integrations revenue by quarterPower Integrations revenue by quarter$106MQ1 2025$116MQ2 2025$119MQ3 2025$103MQ4 2025$108MQ1 2026$119MQ2 2026$125MQ3 2026
Power Integrations net earnings by quarterPower Integrations net earnings by quarter$8.8MQ1 2025$1.4MQ2 2025−$1.4MQ3 2025$13.3MQ4 2025$3.3MQ1 2026$9.8MQ2 2026$18.3MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$125M+6%15.2%$18.3M$42.6M
Q2 202610-QAug 6, 2026$119M+3%7.5%$9.8M$22.0M
Q1 202610-QMay 7, 2026$108M+3%1.3%$3.3M$20.0M
Q4 202510-KFeb 6, 2026$103M-2%8.5%$13.3M$26.2M
Q3 202510-QNov 5, 2025$119M+3%-3.3%−$1.4M$29.9M
Q2 202510-QAug 6, 2025$116M+9%-1.2%$1.4M$29.1M
Q1 202510-QMay 12, 2025$106M+15%6.4%$8.8M$26.4M

Charts

Power Integrations: revenue growth, year over year and quarter over quarterPower Integrations: revenue growth, year over year and quarter over quarterY/YQ/Q+15%Q1 2025+9%+10%Q2 2025+3%+3%Q3 2025-2%-13%Q4 2025+3%+5%Q1 2026+3%+10%Q2 2026+6%+5%Q3 2026
Latest (Q3 2026): Y/Y +6%, Q/Q +5%.
Power Integrations: where the cash came from (+) and went (−), TTM to Q3 2026Power Integrations: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$111MCash drawn (+) / kept (−)−$48.2MDividends−$47.5MCapital spending−$19.4MShares issued$5.1MOther investing−$810K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Power Integrations: profit against cash, quarter by quarterPower Integrations: profit against cash, quarter by quarterNet incomeOperating cash flow$9.1M$14.7MQ4 2024$8.8M$26.4MQ1 2025$1.4M$29.1MQ2 2025−$1.4M$29.9MQ3 2025$13.3M$26.2MQ4 2025$3.3M$20.0MQ1 2026$9.8M$22.0MQ2 2026$18.3M$42.6MQ3 2026
Latest (Q3 2026): Net income $18.3M, Operating cash flow $42.6M.
Power Integrations: diluted shares by fiscal yearPower Integrations: diluted shares by fiscal year61MFY202061MFY202158MFY202258MFY202357MFY202456MFY2025
-7.4% since FY2020: buybacks shrank the count.
Power Integrations in its industry: growth against margin (80 companies, SIC 3674)Power Integrations in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVMTSIOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFNLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRPOWI (+6%, 15%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Power Integrations

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.

In its own words, from its 10-K, filed Feb 6, 2026.

Power Integrations against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +40%. Operating margin: 15.2% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
POWI Power IntegrationsQ3 2026$125M+6%15.2%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: Power Integrations 10-Q on SEC EDGAR · CIK 833640 · Semiconductors & Related Devices

Guidance and outlook

Power Integrations Revenue: guidance against what was reportedPower Integrations Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2026$119MQ3 2026$125MQ4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Power Integrations GAAP gross margin: guidance against what was reportedPower Integrations GAAP gross margin: guidance against what was reportedguided rangereported (above / within / below)Q2 202654.3%Q3 202655.6%Q4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Power Integrations: what its forward-looking statements are about (10-Q filed 2026-11-05)Power Integrations: what its forward-looking statements are about (10-Q filed 2026-11-05)Demand3Costs2Deals1People1Supply chain1The economy1
9 statements; tone -0.11 (−1 all cautious, +1 all confident); 3 hedged.
Power Integrations: outlook statements against the filing beforePower Integrations: outlook statements against the filing beforeConfident1Cautious2

13F: who owns POWI and who is buying

Largest holders of POWI (13F)Largest holders of POWI (13F)BlackRock$731MVanguard Portfolio Management LLC$435MLepercq De Neuflize Asset Managem…$419MWellington Management Group LLP$301MVanguard Group$269MState Street$267MVanguard Capital Management LLC$210MWilliam Blair Investment Manageme…$200MNeuberger Berman Group LLC$169MPrice T Rowe Associates$161M
Funds' net buying of POWI by quarter (13F)Funds' net buying of POWI by quarter (13F)−$841K2024-09−$752K2024-12$27.5M2025-03−$96.6M2025-06$2.1M2025-09$159M2025-12$194M2026-03−$109M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on POWI

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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