Power Integrations Q3 revenue up on PowiGaN products
POWI•Power Integrations said third-quarter revenue rose 6% year over year to $125.48 million, slightly below analyst estimates, while non-GAAP EPS increased to $0.46 from $0.36. The company expects fourth-quarter revenue of $118 million to $126 million and plans to raise its quarterly dividend to $0.22 per share in 2027.
1. Quarterly results
Power Integrations reported third-quarter revenue of $125.48 million, up 6% year over year and slightly below the $126.03 million analyst consensus. Non-GAAP earnings per share rose to $0.46 from $0.36 a year earlier.
2. Outlook and drivers
The company expects fourth-quarter revenue of $118 million to $126 million and GAAP gross margin of 54.0% to 55.0%. It said sequential revenue growth was driven by PowiGaN products and continued strength in the industrial market, while earnings growth reflected expense discipline and a focus on profitability. Power Integrations plans to raise its quarterly dividend to $0.22 per share in 2027.
