Power Integrations reported a strong Q1 2026 performance, with revenue of $108.3 million, marking a 3% year-over-year increase and a 5% rise from Q4 2025. The industrial segment was a standout, growing 23% year-over-year, while consumer revenue faced challenges from last year’s tariff-related pull-ins but rebounded with a 17% sequential increase. Non-GAAP EPS came in at $0.25, with gross margins slightly improving to 53.5%.
The company is optimistic about Q2, forecasting revenue between $110 million and $120 million, driven by increased order activity and anticipated growth across all segments, particularly in automotive and data centers. Management highlighted a strategic focus on aligning product development with customer needs and expanding engagements in the EV market, aiming to double automotive revenue this year.
For market professionals, Power Integrations’ commitment to innovation in high-voltage applications and its robust pipeline in the data center and automotive sectors suggest significant growth potential. The projected increase in addressable content per EV highlights a promising avenue for revenue expansion in the coming years.
Source: fool.com