POWI
Power Integrations, Inc.

Power Integrations, Inc.POWI

Technology · Semiconductors
40.26USD
+3.66%
Nov 08, 2026
POWI overview ready
Supplier of high-voltage power-conversion ICs for efficient power supplies
Power Integrations supplies highly integrated high-voltage power-conversion ICs and isolated gate-driver products used by equipment makers to improve power-supply efficiency, power density, and component count.
Primary theme is lagging
Power Semiconductors is lagging (-17.6pp vs SPY over 21 sessions; 0 of 7 members ahead of SPY).
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Exposure to semiconductor industry cyclicality.
Market Nov 6Price action Nov 7Research Jul 17

Conviction Level

PriceAction1.4BusinessPerformance7.0BusinessQuality7.1Valuation3.1ThemeMomentum1.0Improving — Revenue is growing at a steady pace (+2.7% year over year). Diluted EPS moved to $0.17 from $0.02; the prior-year base is too small for a meaningful percentage. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−17.6pp
Theme return
−22.6%
Beating SPY
0 of 7
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$2.2B
Avg Volume (60D)
818.8K
60 sessions
Revenue Growth YoY
+2.3%
Trailing twelve months
Gross Margin
+54.0%
Operating Margin
+9.7%
Trailing twelve months
Free Cash Flow Yield
+3.0%
Distance from 200DMA
-31.3%
Next Earnings
2027-02-04
P/E
51.0x
EV / EBITDA
27.9x
EV / Sales
4.3x
Market metrics as of Nov 7, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+2.7% year over year). Diluted EPS moved to $0.17 from $0.02; the prior-year base is too small for a meaningful percentage.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthGrowing
+2.7%
$119M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +2.7%
  2. -1.9%
  3. +2.6%
  4. +2.7%
Earnings growthGrowing
$0.17
Diluted EPS $0.17 vs $0.02 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. n/a
  2. +50%
  3. -60%
  4. n/a
Operating marginExpanding
7.5%
+8.6 pp YoY · gross margin 54.3% (-0.9 pp)

Business Quality

7.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; peers is the dissenting view.
Power Integrations, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at a 3.0% free-cash-flow yield and 36.8x EBITDA, which require sustained delivery to be justified.

Company Research

Thesis
Power Integrations supplies highly integrated high-voltage power-conversion ICs and isolated gate-driver products used by equipment makers to improve power-supply efficiency, power density, and component count.
Opportunity
Moderate opportunity
Adoption of more efficient, compact, and higher-power AC-DC and high-voltage conversion systems across chargers, appliances, industrial equipment, renewable-energy systems, transportation, and data-center power supplies.
Key risk
Exposure to semiconductor industry cyclicality.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Semiconductors
What they do

Power Integrations designs, develops, manufactures, and markets analog and mixed-signal integrated circuits and electronic components for high-voltage power conversion applications.

How it earns

The company generates revenue primarily through transactional sales of its integrated circuits and related products to equipment manufacturers.

Products & services
High-voltage power-conversion integrated circuits
Isolated gate-driver products
Customers & end markets
Consumer appliance manufacturers
Industrial equipment makers
Renewable energy system producers
Electronics manufacturers for devices like smartphones and TVs
Market position

Leader in high-voltage power-conversion semiconductor integrated circuits with a focus on efficiency and integration.

Demand drivers
Medium cyclicality

Demand is influenced by end-market cycles in consumer electronics, industrial equipment, and renewable energy sectors.