Filing Flows › Power Integrations (POWI) › Q3 2025
Power Integrations (POWI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Power Integrations (POWI) reported revenue of $119M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before. Operating margin was -3.3%, net loss $1.4M (1.1% of revenue).
Power Integrations, Q3 2025: revenue $119M (+3% year over year), operating margin -3.3%, net loss $1.4M, operating cash flow $29.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +3% | +3% |
| Operating profit | −$4.0M | — | — |
| Net earnings | −$1.4M | -199% | — |
| Operating cash flow | $29.9M | +3% | -9% |
| Free cash flow | $24.2M | +4% | -11% |
What changed
Revenue was $118.9M in Q3 2025, up 3% year over year and up 3% from the previous quarter.
Gross margin was 54.5%, unchanged from a year earlier. Operating costs exceeded revenue by $4.0M, an operating margin of -3.3%. Operating expenses grew 33% against revenue growth of 3%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $1.4M, after a profit of $1.4M the previous quarter. Non-operating items added $2.6M, -183% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $29.9M (down 9% year over year). Non-cash charges added back $6.8M of depreciation and amortization and $21.2M of share-based compensation. Working capital and other items added $3.3M. Capital expenditures of $5.7M left free cash flow of $24.2M.
Questions
What was Power Integrations' revenue in the third quarter 2025?
Power Integrations (POWI) reported revenue of $119M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +3% from the quarter before.
Was Power Integrations profitable in the third quarter 2025?
Operating loss was $4.0M (-3.3% of revenue) and net loss $1.4M.
Source: Power Integrations 10-Q on SEC EDGAR.