POWER INTEGRATIONS INC reported the quarter ended March 31, 2026 results: revenue $108.3 million, net income $3.3 million or $0.06 per diluted share. Guidance initiated.
“Power Integrations (NASDAQ: POWI) today announced financial results for the quarter ended March 31, 2026. Net revenue for the first quarter was $108.3 million, up five percent from the prior quarter and up three percent from the first quarter of 2025. GAAP net income for the first quarter was $3.3 million or $0.06 per diluted share”
Mike Balow was appointed as Senior Vice President, Worldwide Sales at POWER INTEGRATIONS INC.
“The Board of Directors of Power Integrations, Inc. (the “Company”) appointed Mike Balow as the Company’s Senior Vice President, Worldwide Sales, effective upon Mr. Balow’s commencement of employment with the Company on May 4, 2026.”
Restructurings & Charges
POWER INTEGRATIONS INC announced a restructuring with charges of between approximately $3.5 million and $4.0 million affecting global workforce (approximately 7% of the Company’s global workforce).
“costs and create a more efficient organization to support its business. In connection with the reduction in force, the Company estimates it will incur between approximately $3.5 million and $4.0 million of costs, substantially all of which are related to employee severance and benefit costs, which the Company expects to recognize in the first quarter of 2026.”
Governance Changes
POWER INTEGRATIONS INC: Board amended and restated the bylaws to enhance stockholder nomination and proposal procedures, update meeting mechanics, add exclusive forum provisions, and make other updates, effective January 27, 2026 (effective 2026-01-27).
“On January 27, 2026, the Board amended and restated the Company’s bylaws (as amended and restated, the “Bylaws”), effective as of such date.”
Balu Balakrishnan departed as president and chief executive officer at POWER INTEGRATIONS INC.
“On February 3, 2025, Balu Balakrishnan notified the Company that he intends to retire from his position as president and chief executive officer.”
Gagan Jain was appointed as vice president of worldwide sales at POWER INTEGRATIONS INC.
“Mr. Yee will be succeeded in the role of vice president of worldwide sales by Gagan Jain, 47, who is being promoted from the position of senior director of sales for the Americas region, a role he has held since 2016.”
Yang Chiah Yee departed as vice president of worldwide sales at POWER INTEGRATIONS INC.
“On September 3, 2024, the Company was informed by Yang Chiah Yee, vice president of worldwide sales, that he has accepted a similar role at another semiconductor company focused on the data-center market; the company does not compete with Power Integrations.”
Earnings Releases
POWER INTEGRATIONS INC reported second quarter of 2024 results: revenue $105 million plus or minus $5 million. Guidance initiated.
“Revenues are expected to be $105 million plus or minus $5 million.”
Earnings Releases
POWER INTEGRATIONS INC reported first quarter of 2024 results: revenue $91.7 million, net income $4.0 million, EPS $0.07 per diluted share.
“Net revenues for the first quarter were $91.7 million, up two percent from the prior quarter and down 14 percent from the first quarter of 2023. GAAP net income for the first quarter was $4.0 million or $0.07 per diluted share compared to $0.25 per diluted share in the prior quarter and $0.12 per diluted share in the first quarter of 2023.”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter and year ended December 31, 2023 results: revenue $89.5 million, net income $14.3 million, EPS $0.25 per diluted share.
“Net revenues for the fourth quarter were $89.5 million, down 29 percent compared to the prior quarter and down 28 percent from the fourth quarter of 2022. GAAP net income for the fourth quarter was $14.3 million or $0.25 per diluted share compared to $0.34 per diluted share in the prior quarter and $0.40 per diluted share in the fourth quarter of 2022.”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter ended September 30, 2023 results: revenue $125.5 million, net income $19.8 million or $0.34 per diluted share, EPS $0.34 per diluted share. Guidance lowered.
“Power Integrations (NASDAQ: POWI) today announced financial results for the quarter ended September 30, 2023. Net revenues for the third quarter were $125.5 million”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter ended June 30, 2023 results: revenue $123.2 million, net income $14.8 million, EPS $0.26 per diluted share.
“Power Integrations Reports Second-Quarter Financial Results Revenues increased 16 percent sequentially to $123.2 million; GAAP earnings were $0.26 per diluted share; non-GAAP earnings were $0.36 per diluted share”
Shareholder Votes
POWER INTEGRATIONS INC shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-19 meeting.
“Power Integrations’ stockholders ratified the selection by the Audit Committee of the Board of Deloitte & Touche LLP as the independent registered public accounting firm of Power Integrations for its fiscal year ending December 31, 2023. The tabulation of votes on this matter was as follows: Shares voted for: 53,995,193.79 Shares voted against: 1,055,492.00 Shares abstaining: 42,681.00 Broker non-votes: —”
Shareholder Votes
POWER INTEGRATIONS INC shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation (one year preference) at the 2023-05-19 meeting.
“Power Integrations’ stockholders indicated, on an advisory basis, a preference for a one-year frequency of stockholder advisory votes on the compensation of Power Integrations’ named executive officers. The tabulation of votes on this matter was as follows: Shares voted for one year: 49,892,420.79 Shares voted for two years: 19,545.00 Shares voted for three years: 2,277,594.00 Shares abstaining: 237,724.00 Broker non-votes: 2,666,083.00”
Shareholder Votes
POWER INTEGRATIONS INC shareholders approved Advisory vote on the compensation of named executive officers at the 2023-05-19 meeting.
“Power Integrations’ stockholders approved, on an advisory basis, the compensation of Power Integrations’ named executive officers, as disclosed in Power Integrations’ proxy statement. The tabulation of votes on this matter was as follows: Shares voted for: 50,162,079.81 Shares voted against: 2,307,697.98 Shares abstaining: 324,803.00 Broker non-votes: 2,298,786.00”
Shareholder Votes
POWER INTEGRATIONS INC shareholders approved Election of seven nominees to serve as directors until the 2024 annual meeting at the 2023-05-19 meeting.
“Power Integrations’ stockholders elected to the Board of Directors of the Company (the “Board”) each of the following seven nominees as directors to serve until the Company’s 2024 annual meeting of stockholders and until their successors are duly elected and qualified. The tabulation of votes on this matter was as follows: Nominee Shares Voted For Shares Withheld Wendy Arienzo 52,147,421.79 647,159.00 Balu Balakrishnan 50,961,621.79 1,832,959.00 Nicholas E. Brathwaite 49,898,179.79 2,896,401.00 Anita Ganti 52,579,211.79 215,369.00 Nancy Gioia 52,647,385.79 147,195.00 Balakrishnan S. Iyer 49,647,009.79 3,147,571.00 Ravi Vig 52,671,538.79 123,042.00 There were 2,298,786.00 broker non-votes for this proposal.”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter ended March 31, 2023 results: revenue $106.3 million, net income $6.9 million or $0.12 per diluted share, EPS $0.12 per diluted share. Guidance reaffirmed.
“Power Integrations Reports First-Quarter Financial Results Revenues were $106.3 million; GAAP earnings were $0.12 per diluted share; non-GAAP earnings were $0.25 per diluted share”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter and year ended December 31, 2022 results: revenue $124.8 million, net income $22.8 million or $0.40 per diluted share, EPS $0.40 per diluted share.
“Net revenues for the fourth quarter were $124.8 million, down 22 percent compared to the prior quarter and down 28 percent from the fourth quarter of 2021. Net income for the fourth quarter was $22.8 million or $0.40 per diluted share compared to $0.80 per diluted share in the prior quarter and $0.66 per diluted share in the fourth quarter of 2021.”
Nancy Gioia was appointed as director at POWER INTEGRATIONS INC.
“appointed Nancy Gioia to serve as a director beginning on January 1, 2023.”
Earnings Releases
POWER INTEGRATIONS INC reported the quarter ended September 30, 2022 results: revenue $160.2 million, net income $46.0 million, EPS $0.80 per diluted share.
“Net revenues for the third quarter were $160.2 million”
Jennifer Lloyd resigned as Director at POWER INTEGRATIONS INC.
“On October 25, 2022, Jennifer Lloyd, a member of the Board of Directors of Power Integrations, Inc., resigned as a director.”
Steven J. Sharp departed as Director at POWER INTEGRATIONS INC.
“Steven J. Sharp, a director of Power Integrations, Inc. (the “Company”) notified the Company of his decision to retire from service on the Company's Board of Directors following the completion of his current term.”
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