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.”
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