POWER INTEGRATIONS INC (POWI) FY2025 10-K Annual Report
POWER INTEGRATIONS INC (POWI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 6, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
POWER INTEGRATIONS INC FY2025 10-K Analysis
Business Overview
- • Core business: Design and sale of analog and mixed-signal ICs for high-voltage power conversion in power supplies, motor drivers, and gate drivers
- • New emphasis on GaN transistor technology with acquisition of Odyssey Semiconductor in July 2024 to accelerate higher-power GaN device development
- • Strategic shift toward automotive-qualified products for EV power supplies and expansion of addressable market to approx. $5 billion including EV and LED lighting
- • InnoMux-2 product family introduced in 2024 with 1700-volt GaN transistors, extending power output and efficiency capabilities
- • R&D focus on system-level integration and enhanced design-support tools like Motor-Xpert and PI Expert software to reduce customer design complexity
Management Discussion & Analysis
- • No revenue or profit figures disclosed in provided MD&A section
- • No segment performance data or margin percentages available
- • No cash flow, capital allocation, buybacks, dividends, or capex information present
- • No management outlook, guidance, or emerging risks discussed
- • Provided content focuses on stock performance comparison only, not financial results
Risk Factors
- • Regulatory risk: Impact of the One Big Beautiful Bill Act (OBBBA) raising foreign earnings tax rate from 10.5% to 12.6%, effective fiscal 2026
- • Geopolitical risk: Exposure to Asia region with 84% of net revenue sales concentrated there amidst China-Taiwan and China-Western tensions
- • Operational risk: Dependence on wafer supply from Japanese foundries; 10% USD/JPY change affects gross margin by ~1.5%
- • Competitive risk: Intense price sensitivity in industry may pressure gross margin amid competition from other analog and mixed-signal IC suppliers
- • Financial risk: Customer concentration with top 10 customers accounting for ~81% of net revenue in 2025
POWER INTEGRATIONS INC FY2025 Key Financial MetricsXBRL
Revenue
$444M
▲ +5.9% YoY
Net Income
$22M
▼ -31.5% YoY
Gross Margin
54.5%
▲ +84bp YoY
Operating Margin
2.3%
▼ -198bp YoY
Net Margin
5.0%
▼ -271bp YoY
ROE
3.3%
▼ -102bp YoY
Total Assets
$772M
▼ -6.8% YoY
EPS (Diluted)
$0.39
▼ -30.4% YoY
Operating Cash Flow
$112M
▲ +37.4% YoY
Source: XBRL data from POWER INTEGRATIONS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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