The earnings call presented a mixed picture, with strong growth in several key segments and promising future prospects, particularly with GaN technology and expansion in India. However, the company faced significant challenges in the communications segment and inventory management, leading to a balanced view of the company's current position.

Company Guidance

During the Power Integrations, Inc. Q4 earnings call, guidance for 2025 indicated expectations of sustained revenue growth across all segments, with a notable emphasis on the industrial sector, which is projected to lead growth driven by infrastructure projects such as high voltage DC transmission, renewables, and electric locomotives. The company expects Q1 revenue to be flat sequentially, with a full-year gross margin of around 55.5%. There is an anticipated 15% year-over-year revenue increase for Q1. Key growth drivers include the adoption of GaN technology, anticipated to exceed 10% of sales, and increased market presence in India. The automotive sector is also expected to grow rapidly from a modest base, further supported by new design wins and expansions into markets outside of China.

Revenue Growth in Key Segments

Revenues were up 18% year over year to $105 million, with consumer up more than 35%, computer more than 10%, and industrial up about 3%. Despite an overall decline for the year, these segments showed strong growth.

Successful GaN Adoption and Industry Recognition

GaN-based products are expected to grow at a high rate and exceed 10% of sales. The 1700-volt Innomax 2 ICs received multiple industry awards, highlighting the company's leadership in GaN technology.

Expansion in India

Power Integrations has expanded its presence in India, securing significant shares in metering and fixed wireless rollouts, and supplying gate drivers for electric locomotives.

Positive Outlook for 2025

The company expects revenue growth in all four segments, driven by industrial growth due to infrastructure projects and increasing demand in air conditioning and TV markets.

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Power Integrations (POWI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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POWI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 07, 2025	2025 (Q1)	0.28 / -	0.18	―	―	―
Feb 06, 2025	2024 (Q4)	0.28 / 0.30	0.22	36.36% (+0.08)
Nov 06, 2024	2024 (Q3)	0.36 / 0.40	0.46	-13.04% (-0.06)
Aug 06, 2024	2024 (Q2)	0.26 / 0.28	0.36	-22.22% (-0.08)
May 07, 2024	2024 (Q1)	0.13 / 0.18	0.25	-28.00% (-0.07)
Feb 08, 2024	2023 (Q4)	0.15 / 0.22	0.48	-54.17% (-0.26)	―
Nov 07, 2023	2023 (Q3)	0.47 / 0.46	0.84	-45.24% (-0.38)
Aug 03, 2023	2023 (Q2)	0.34 / 0.36	1.03	-65.05% (-0.67)
May 04, 2023	2023 (Q1)	0.24 / 0.25	0.93	-73.12% (-0.68)
Feb 06, 2023	2022 (Q4)	0.46 / 0.48	0.83	-42.17% (-0.35)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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POWI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 06, 2025	$60.75	$59.68	-1.76%
Nov 06, 2024	$66.21	$65.17	-1.57%
Aug 06, 2024	$63.87	$59.41	-6.98%
May 07, 2024	$69.55	$75.95	+9.20%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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