Filing Flows › Power Integrations (POWI) › Q2 2025
Power Integrations (POWI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Power Integrations (POWI) reported revenue of $116M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +10% from the quarter before. Operating margin was -1.2%, net earnings $1.4M (1.2% of revenue).
Power Integrations, Q2 2025: revenue $116M (+9% year over year), operating margin -1.2%, net earnings $1.4M, operating cash flow $29.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $116M | +10% | +9% |
| Operating profit | −$1.3M | -120% | — |
| Net earnings | $1.4M | -84% | — |
| Operating cash flow | $29.1M | +10% | +65% |
| Free cash flow | $23.1M | +12% | +72% |
What changed
Revenue was $115.9M in Q2 2025, up 9% year over year and up 10% from the previous quarter.
Gross margin was 55.2%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -1.2%. Operating expenses grew 20% against revenue growth of 9%. The fastest-growing cost line was General & admin (+13%). Net earnings were $1.4M, down 72% year over year. The effective tax rate was -1.8%. Non-operating items added $2.7M, 200% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $29.1M (up 65% year over year), 2124% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items added $10.4M. Capital expenditures of $5.9M left free cash flow of $23.1M.
Questions
What was Power Integrations' revenue in the second quarter 2025?
Power Integrations (POWI) reported revenue of $116M for the second quarter 2025 (Q2 2025), +9% from a year earlier and +10% from the quarter before.
Was Power Integrations profitable in the second quarter 2025?
Operating loss was $1.3M (-1.2% of revenue) and net earnings $1.4M.
Source: Power Integrations 10-Q on SEC EDGAR.