Power Integrations, Inc. has announced its financial results for the third quarter of 2026, showcasing a solid performance that highlights the company's growth trajectory in the semiconductor industry.

On November 4, 2026, Power Integrations reported a revenue increase of 5% from the previous quarter, totaling $125.5 million. This marks a 6% rise compared to the same period last year. The company's GAAP net income also saw significant growth, reaching $18.3 million or $0.32 per diluted share, up from $0.17 per diluted share in the previous quarter and a net loss of $0.02 per diluted share in Q3 2025.

Power Integrations, incorporated in California, operates within the Semiconductors & Related Devices sector (SIC 3674) and is traded on the Nasdaq under the ticker symbol POWI. The company has established itself as a leader in the semiconductor market, focusing on high-voltage technology and power management solutions.

The filing reveals that cash flow from operations for the quarter was robust at $42.6 million. In addition to its GAAP results, Power Integrations provided non-GAAP figures, which exclude certain expenses such as stock-based compensation and restructuring charges. The non-GAAP net income for the third quarter was $26.1 million or $0.46 per diluted share, compared to $0.37 per diluted share in the prior quarter and $0.36 per diluted share in Q3 2025.

CEO Jen Lloyd commented on the results, stating, “Revenue grew five percent over the prior quarter driven by PowiGaN™ products as well as continued strength in the industrial market, where revenue is up 13 percent year-to-date. We also delivered strong earnings growth in the quarter reflecting our continued focus on expense discipline and profitability.”

Power Integrations also announced a quarterly dividend of $0.215 per share, which will be paid on December 31, 2026, to stockholders of record as of November 30, 2026. The company plans to increase its quarterly dividend to $0.22 per share for each quarter in 2027, reinforcing its commitment to returning value to shareholders.

Looking ahead, Power Integrations provided an optimistic outlook for the fourth quarter of 2026, projecting revenue between $118 million and $126 million. The company expects GAAP gross margin to be between 54% and 55%, with non-GAAP gross margin slightly higher. Operating expenses are anticipated to remain stable, with GAAP operating expenses expected to be between $53 million and $54 million.

The filing does not specify any upcoming votes or additional filings, but the company’s strong quarterly performance and positive outlook suggest continued growth in the semiconductor industry.