Power Integrations (POWI) beats Q1 estimates, issues stronger Q2 revenue outlook

Power Integrations (NASDAQ: POWI) reported first-quarter 2026 results above Wall Street expectations, with revenue rising 2.6% year over year to $108.3 million and non-GAAP earnings of $0.25 per share, 11% ahead of consensus. The semiconductor designer guided for second-quarter revenue of $117.5 million at the midpoint, 2.2% above analyst estimates. Management cited a 23% year-over-year increase in industrial revenue and a sequential recovery in consumer demand as appliance-related inventory corrections eased. CEO Jennifer Lloyd said growth is expected to be supported by data center, automotive and industrial applications, while CFO Nancy Erba pointed to cost discipline and targeted investment as drivers of potential margin improvement. The company also named a new senior vice president of worldwide sales to expand customer reach in data center and automotive markets. Power Integrations shares recently traded at $72.39, little changed from $71.83 before the earnings release.