Every material Form 8-K Power Integrations filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Power Integrations said it will appoint Nancy Erba as chief financial officer, principal financial officer and principal accounting officer when she starts on January 5, 2026. Erba, 59, was CFO of Infinera Corporation from August 2019 to February 2025 and previously served as CFO of Immersion Corporation. Interim CFO Robert Eric Verity will step down from that role on her start date and return to his position as Senior Director of Finance, which ends the interim arrangement for shareholders.
Start date for Erba is currently scheduled for January 5, 2026
Base salary of $500,000, plus a $3 million RSU award vesting over four years and a $2 million target PRSU award
Target annual PSU award pro-rated from a full-year value of $425,000 for 2026
Board's Talent and Compensation Committee adopted a 2025 Inducement Award Plan on November 14, 2025, reserving 350,000 shares without stockholder approval
Power Integrations reported third-quarter 2025 revenue of $118.9 million, up 3% from the prior quarter and the year-earlier quarter, but swung to a GAAP net loss of $1.4 million, or $0.02 per diluted share, from net income of $0.25 per share a year earlier. The company forecast fourth-quarter revenue of $100 million to $105 million and raised its quarterly dividend to $0.215 per share for each quarter of 2026.
Q3 2025 revenue was $118.9 million, up 3% year over year; non-GAAP net income was $20.2 million, or $0.36 per diluted share, versus $0.40 a year earlier
GAAP net loss was $1.4 million, or $0.02 per diluted share, compared with net income of $0.25 per diluted share in Q3 2024; stock-based compensation was $21.2 million in the quarter
Q4 2025 revenue is expected to be $100 million to $105 million
Repurchased 919 thousand shares for $42.4 million in Q3, completing the repurchase authorization; quarterly dividend increased to $0.215 per share for 2026
Power Integrations said CFO Sandeep Nayyar will leave the company effective October 4, 2025 to pursue a new opportunity, and Senior Director of Finance Robert Eric Verity will serve as interim CFO while the company searches for a successor. The company also reaffirmed the third-quarter financial outlook it gave on August 6, 2025. The change in the top finance role matters to shareholders because it shifts responsibility for financial reporting, while the reaffirmed outlook offers continuity.
Sandeep Nayyar, CFO and principal accounting officer since 2010, resigns effective October 4, 2025; the filing says the resignation is not due to any disagreement with the company.
Robert Eric Verity, 59, Senior Director of Finance since March 2018, becomes interim CFO and principal accounting officer upon Nayyar's resignation.
Verity's annual base salary is $351,822; his 2025 awards include 2,008 RSUs valued at $96,280 and target PSUs valued at $48,294.
The company reaffirmed its third-quarter outlook first provided on August 6, 2025.
Power Integrations reported second-quarter 2025 revenue of $115.9 million, up 9% from a year earlier, but GAAP net income fell to $1.4 million, or $0.02 per diluted share, after a $9.2 million employment litigation charge. Non-GAAP diluted EPS was $0.35, and the company guided third-quarter revenue to $118 million plus or minus $5 million.
Q2 2025 net revenues were $115.9 million, up 9% year over year and up 10% from the first quarter.
GAAP diluted EPS was $0.02, compared with $0.09 in Q2 2024; non-GAAP diluted EPS was $0.35, compared with $0.28.
Q3 2025 guidance: revenue of $118 million plus or minus $5 million; GAAP gross margin of 54.5% to 55%.
The company repurchased 706 thousand shares for $32.6 million in Q2 and had $42.4 million left on its authorization at quarter-end.
Power Integrations said its board elected Jennifer Lloyd, PhD as President and CEO, effective when she starts on July 21, 2025, and that she will join the board. Co-founder Balu Balakrishnan, CEO since 2002, will become Executive Chairman until February 2026, then serve as a consultant on patent litigation and R&D. The filing sets out Lloyd's pay package, which includes a $650,000 base salary and equity awards.
Board elected Lloyd as CEO on July 11, 2025, and increased board size from eight to nine directors
Lloyd's base salary is $650,000, with a 2025 target PSU award pro-rated from a full-year value of $812,500
Lloyd receives $2.5 million in RSUs, $2.5 million in target PRSUs, and a $1 million sign-on RSU grant
Lloyd previously worked at Analog Devices from 1997 until July 2025, most recently as corporate vice president of its multi-market power business unit
Power Integrations reported first-quarter 2025 net revenue of $105.5 million, up 15% from a year earlier, and GAAP diluted earnings of $0.15 per share, up from $0.07. The board also authorized an additional $50 million for share repurchases, and the company forecast second-quarter revenue of $115 million, plus or minus $5 million, which would be above the first-quarter level.
Q1 2025 net revenues were $105.5 million, up 15% from Q1 2024 and up slightly from Q4 2024.
GAAP diluted EPS was $0.15 versus $0.07 in Q1 2024; non-GAAP diluted EPS was $0.31 versus $0.18.
Q2 2025 revenue is forecast at $115 million, plus or minus $5 million; GAAP gross margin about 55%.
Board authorized an additional $50 million for share repurchases after the company bought back $23.1 million of stock in Q1 and used the remaining $25 million in April.
Power Integrations said CEO Balu Balakrishnan intends to retire from his role once the board appoints a successor, after notifying the company on February 3, 2025. He will remain CEO until then and is expected to serve as executive chairman and stay on the board afterward, and the board has hired an executive search firm.
Balakrishnan, 70, has been CEO since 2002 and joined the company in 1989.
He will remain president and CEO until a new CEO is appointed; the retirement was not due to any dispute with the company or board.
The board has retained an executive search firm; internal and external candidates will be considered.
Balakrishnan intends to serve as executive chairman during the transition and then remain on the board.
Power Integrations reported fourth-quarter 2024 revenue of $105.2 million, up 18% from a year earlier but down 9% from the prior quarter, with GAAP diluted EPS of $0.16 versus $0.25 a year earlier. For full-year 2024, revenue fell to $419.0 million from $444.5 million and GAAP diluted EPS fell to $0.56 from $0.97. The company guided first-quarter 2025 revenue to be flat with the fourth quarter, plus or minus five percent.
Q4 2024 net revenues were $105.2 million, up 18% year over year and down 9% from Q3 2024.
Q4 2024 GAAP diluted EPS was $0.16 and non-GAAP diluted EPS was $0.30, versus $0.25 and $0.22 a year earlier.
Full-year 2024 net revenues were $419.0 million versus $444.5 million in 2023; GAAP diluted EPS was $0.56 versus $0.97.
Q1 2025 outlook: revenue flat versus Q4 2024 plus or minus 5%; GAAP gross margin 55% to 55.5%.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Power Integrations filing is on SEC EDGAR ↗. 8-K briefs of other companies →