Power Integrations, Inc. reported its financial results for the second quarter of 2025, revealing a net revenue of $115.9 million, a 9.8% increase from $106.2 million in the same period last year. For the first half of 2025, the company achieved revenues of $221.4 million, up from $197.9 million in the prior year. The gross profit margin improved to 55% for both the second quarter and the first half of 2025, compared to 53% in the same periods of 2024. However, the company experienced a net income decline, reporting $1.4 million for the second quarter, down from $4.8 million a year earlier, and $10.2 million for the first half, compared to $8.8 million in 2024.
The financial performance reflects a significant increase in operating expenses, which rose to $65.3 million in the second quarter from $54.6 million in the previous year. This increase was primarily attributed to a $9.2 million charge related to an employee litigation matter, as well as higher employee-related costs and professional services. The company’s total liabilities increased to $93.7 million as of June 30, 2025, compared to $79.1 million at the end of 2024, while stockholders' equity decreased to $703.8 million from $749.8 million.
Power Integrations continues to focus on strategic growth through product innovation and market expansion. The company recently completed the acquisition of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) technology, for $9.52 million. This acquisition is expected to enhance Power Integrations' capabilities in high-power applications. The company also reported that its top ten customers accounted for approximately 81% of net revenues, with significant contributions from distributors selling to original equipment manufacturers (OEMs).
Operationally, Power Integrations has maintained a strong international presence, with approximately 98% of its net revenues derived from international sales in the second quarter. The Asia region continues to be a key market, representing about 84% of total revenues. The company’s workforce remained stable, with 298 employees at the end of June 2025, consistent with the previous year. Looking ahead, Power Integrations anticipates continued growth driven by its expanding product portfolio and increasing demand for energy-efficient solutions, although it acknowledges potential risks from market volatility and trade policy changes.
About POWER INTEGRATIONS INC
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.