Power Integrations' second quarter revenue of $118.9M and non-GAAP EPS of $0.37 beat estimates

Power Integrations reported second quarter revenue of $118.9 million, an increase of 3% year-over-year and 10% sequentially. The company posted GAAP diluted earnings per share of $0.17, while non-GAAP diluted EPS came in at $0.37, surpassing the consensus estimate of $0.32.

Key Highlights

• Second quarter revenue of $118.9 million beat analyst expectations of $117.4 million, driven by continued growth in industrial markets.
• Non-GAAP diluted EPS of $0.37 exceeded consensus estimates by 15.6%, supported by improved profitability and lower inventories.
• Power Integrations projects third quarter 2026 revenue to be between $122 million and $130 million, indicating further sequential growth.
• Cash flow from operations for the second quarter was strong at $22.0 million.