Filing Flows › Power Integrations (POWI) › Q1 2025
Power Integrations (POWI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Power Integrations (POWI) reported revenue of $106M for the first quarter 2025 (Q1 2025), +15% from a year earlier and +0.3% from the quarter before. Operating margin was 6.4%, net earnings $8.8M (8.3% of revenue).
Power Integrations, Q1 2025: revenue $106M (+15% year over year), operating margin 6.4%, net earnings $8.8M, operating cash flow $26.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $106M | +0.3% | +15% |
| Gross profit | $58.2M | +2% | +22% |
| Operating profit | $6.7M | +71% | 14× |
| Net earnings | $8.8M | -4% | +122% |
| Operating cash flow | $26.4M | +79% | +66% |
| Free cash flow | $20.7M | +77% | +79% |
What changed
Revenue was $105.5M in Q1 2025, up 15% year over year and roughly flat from the previous quarter.
Gross margin was 55.2%, up 3.1 points from a year earlier. Operating profit was $6.7M, a 6.4% margin (up 5.9 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 1% margin then. Operating expenses grew 9% against revenue growth of 15%. The fastest-growing cost line was General & admin (+32%). Net earnings were $8.8M, up 122% year over year. The effective tax rate was 11.1%. Non-operating items added $3.2M, 32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.4M (up 66% year over year), 300% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $8.7M of share-based compensation. Working capital and other items added $1.5M. Capital expenditures of $5.7M left free cash flow of $20.7M.
Questions
What was Power Integrations' revenue in the first quarter 2025?
Power Integrations (POWI) reported revenue of $106M for the first quarter 2025 (Q1 2025), +15% from a year earlier and +0.3% from the quarter before.
Was Power Integrations profitable in the first quarter 2025?
Operating profit was $6.7M (6.4% of revenue) and net earnings $8.8M.
Source: Power Integrations 10-Q on SEC EDGAR.