Power Integrations beats Q2 revenue estimates
Overview
Power Integrations Q2 revenue rises 9% yr/yr, beating analyst expectations
Adjusted EPS for Q2 meets analyst estimates at $0.35 per share
Co repurchased 706,000 shares for $32.6 mln during the quarter
Outlook
Company expects Q3 2025 revenue of $118 mln ± $5 mln
GAAP gross margin forecasted between 54.5% and 55% for Q3 2025
Non-GAAP gross margin expected between 55% and 55.5% for Q3 2025
Company anticipates GAAP operating expenses of $72.5 mln for Q3 2025
Non-GAAP operating expenses forecasted at $47.5 mln for Q3 2025
Company cites low near-term visibility due to macroeconomic uncertainty
Result Drivers
INDUSTRIAL GROWTH - Co attributes 9% yr/yr revenue increase to strong growth in industrial category
GaN PRODUCTS - Revenues from GaN-based products grew over 50% in H1, expanding into appliance, industrial and EV applications
AUTOMOTIVE OUTLOOK - Co's automotive business expected to materially contribute to revenue in 2026
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $115.85 mln | $115 mln (5 Analysts) |
Q2 Adjusted EPS | Meet | $0.35 | $0.35 (5 Analysts) |
Q2 EPS | $0.02 | ||
Q2 Net Income | $1.37 mln | ||
Q2 Gross Profit | $63.95 mln | ||
Q2 Operating Income | -$1.34 mln | ||
Q2 Pretax Profit | $1.34 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Power Integrations Inc is $70.00, about 31% above its August 5 closing price of $48.29
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago
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