Filing Flows › Power Integrations (POWI) › Q2 2026
Power Integrations (POWI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Power Integrations (POWI) reported revenue of $119M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +10% from the quarter before. Operating margin was 7.5%, net earnings $9.8M (8.3% of revenue).
Power Integrations, Q2 2026: revenue $119M (+3% year over year), operating margin 7.5%, net earnings $9.8M, operating cash flow $22.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +10% | +3% |
| Gross profit | $64.6M | +14% | +1% |
| Operating profit | $8.9M | +512% | — |
| Net earnings | $9.8M | +198% | +618% |
| Operating cash flow | $22.0M | +10% | -24% |
| Free cash flow | $17.7M | -2% | -24% |
What changed
Revenue was $118.9M in Q2 2026, up 3% year over year and up 10% from the previous quarter.
Gross margin was 54.3%, down 0.9 points from Q2 2025. Operating profit was $8.9M, a 7.5% margin (up 8.6 points year over year). Operating expenses fell 15% while revenue rose 3%. Net earnings were $9.8M, up 618% year over year. The effective tax rate was 12.5%. Non-operating items added $2.3M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $22.0M (down 24% year over year), 224% of net earnings. Non-cash charges added back $6.4M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $4.3M left free cash flow of $17.7M.
Questions
What was Power Integrations' revenue in the second quarter 2026?
Power Integrations (POWI) reported revenue of $119M for the second quarter 2026 (Q2 2026), +3% from a year earlier and +10% from the quarter before.
Was Power Integrations profitable in the second quarter 2026?
Operating profit was $8.9M (7.5% of revenue) and net earnings $9.8M.
Source: Power Integrations 10-Q on SEC EDGAR.