Power Integrations Q1 revenue rises 3% to $108.3 million; GAAP profit falls
Power Integrations reported first-quarter 2026 revenue of $108.3 million, up 3% from a year earlier, but GAAP net income fell to $3.3 million, or $0.06 per diluted share, from $0.15 a year earlier. The company also issued second-quarter revenue guidance of $115 million to $120 million and named Mike Balow as Senior Vice President, Worldwide Sales.
Key points
- Q1 2026 net revenue $108.3 million, up 3% year-over-year and up 5% from Q4 2025
- GAAP diluted EPS $0.06 versus $0.15 in Q1 2025; non-GAAP diluted EPS $0.25 versus $0.31, with a $6.2 million restructuring charge in operating expenses
- Q2 2026 revenue guidance $115 million to $120 million; GAAP operating margin 5.5% to 7.5%
- Mike Balow appointed SVP, Worldwide Sales, effective upon his start date of May 4, 2026
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.