Filing Flows › Power Integrations (POWI) › Q4 2025
Power Integrations (POWI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 6, 2026
Power Integrations (POWI) reported revenue of $103M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -13% from the quarter before. Operating margin was 8.5%, net earnings $13.3M (12.9% of revenue).
Power Integrations, Q4 2025: revenue $103M (-2% year over year), operating margin 8.5%, net earnings $13.3M, operating cash flow $26.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $103M | -13% | -2% |
| Gross profit | $54.6M | -16% | -5% |
| Operating profit | $8.8M | — | +124% |
| Net earnings | $13.3M | — | +45% |
| Operating cash flow | $26.2M | -12% | +78% |
| Free cash flow | $19.2M | -21% | +64% |
What changed
Revenue was $103.2M in Q4 2025, down 2% year over year and down 13% from the previous quarter.
Gross margin was 52.9%, down 1.5 points from a year earlier. Operating profit was $8.8M, a 8.5% margin (up 4.8 points year over year). Operating expenses fell 14% while revenue fell 2%. Net earnings were $13.3M, up 45% year over year. The effective tax rate was -19.2%. Non-operating items added $2.4M, 21% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.2M (up 78% year over year), 197% of net earnings. Non-cash charges added back $6.6M of depreciation and amortization. Working capital and other items added $6.3M. Capital expenditures of $7.0M left free cash flow of $19.2M.
Questions
What was Power Integrations' revenue in the fourth quarter 2025?
Power Integrations (POWI) reported revenue of $103M for the fourth quarter 2025 (Q4 2025), -2% from a year earlier and -13% from the quarter before.
Was Power Integrations profitable in the fourth quarter 2025?
Operating profit was $8.8M (8.5% of revenue) and net earnings $13.3M.
Source: Power Integrations 10-K on SEC EDGAR.