Power Integrations

Power Integrations makes chips that help electronics use power safely. These parts let phone chargers and appliances work without wasting energy. They help manufacturers build smaller and more efficient devices for consumers.

Inside the Product Lineup

• AC-DC Conversion: Chips used in mobile chargers, appliances, and computers to change electrical current; accounts for roughly 71% of revenue.
• High-Voltage Gate Drivers: Specialized parts used for electric vehicles and renewable energy systems under the SCALE brand.
• Motor-Driver ICs: Components for refrigerator compressors and fans that help motors run efficiently.
• High-Voltage Diodes: Semiconductor devices that control the direction of electricity within industrial power systems.

Building for the Future

• Completed a restructuring plan in the first quarter of 2026 to reduce the global workforce by 7%.
• Reached a settlement in April 2026 that ended all pending patent litigation with a third-party claimant.
• Replaced a prior credit agreement with a $100 million revolving facility from PNC Bank in early 2026.
• Reassigned engineering teams in 2026 to prioritize new product development over existing sales projects.

Where the Company Leads

Power Integrations serves a global market where roughly 80% of sales come from customers in Asia. The company focuses on integrated circuits, which combine multiple electronic functions onto a single silicon chip to save space and power.

The Money Trail

• Net revenue was $108.3 million in Q1 2026, up 2.6% from Q1 2025.
• Industrial sales rose to 41% of revenue in Q1 2026, compared to 34% in Q1 2025.
• Net income reached $3.3 million in Q1 2026, down 62.5% year-over-year.
• Operating cash flow was $20 million in Q1 2026, down 24% from $26.4 million in Q1 2025.
• Cash and investments totaled $257.2 million as of March 31, 2026.

Bottom Line

Power Integrations is adapting to changing demand by focusing on industrial markets and streamlining its internal operations. Its specialized power chips remain central to the push for more energy-efficient global electronics.