Power Integrations, Inc
Power Integrations designs and markets analog and mixed-signal integrated circuits used in high-voltage power conversion. Its products are built into AC-DC power supplies, LED drivers, motor-drive systems, and other circuitry that convert electricity for use in consumer, industrial, communications, computer, and automotive applications, with sales and support activities spanning the United States, Asia, Europe, and other global markets.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueIntegrated circuits used in power supplies that convert AC mains power to regulated DC output.
Products for BLDC motor control, industrial drives, and related high-voltage power applications.
High-voltage driver ICs used in lighting systems based on light-emitting diodes.
ICs used to control power switches in higher-power conversion and inverter systems.
Software, samples, and engineering support that help customers design in the company’s ICs.
Customers
Power Integrations sells primarily to OEMs and merchant power-supply manufacturers, with distributors handling most of the remaining volume. Its chips are designed into end products across communications, computer, consumer, and industrial markets, including chargers, appliances, industrial controls, utility meters, and EV-related systems.
Buy ICs directly for integration into chargers, appliances, industrial equipment, and other end products.
Purchase power-conversion ICs for standalone supply modules sold into multiple downstream markets.
Buy and resell the company’s products to OEMs and other customers, extending market reach.
Use the company’s AC-DC and motor-drive ICs in appliances, chargers, TVs, and set-top boxes.
Use power-conversion ICs in motor drives, utility meters, UPS, lighting, and controls.
Strategy
Power Integrations focuses on expanding penetration in existing power-conversion markets by adding higher-integration products and design-support tools. It also seeks to enlarge its served market through new product families for higher-power AC-DC, LED lighting, gate-driver, motor-drive, and EV applications, which broadens the number of sockets where its technology can be designed in.
Higher design-in rates deepen customer relationships and improve socket share.
New product families create access to additional end markets and higher-power uses.
Software and engineering tools reduce customer design friction and support adoption.
Geography
Q1/2026The company sells worldwide, but most end products using its ICs are manufactured in Asia, making the region the largest source of revenue. It also maintains sales offices across North America, Europe, and Asia-Pacific, which supports direct OEM relationships and distributor coverage in major electronics manufacturing hubs.
Share of the revenue the company reports by geography.
Risks
The business is exposed to cyclical demand swings, customer order volatility, and concentration among a relatively small number of distributors and OEMs. It also faces supply-chain and geopolitical risks because most manufacturing is outsourced in Asia, while trade policy, tariffs, currency movements, and natural disasters can disrupt demand or deliveries.
- Customer order volatility and cancellationsImpact: HighLikelihood: Medium
Short-term orders and reschedulable shipments make revenue hard to predict.
Exposure: OEMs and merchant power-supply manufacturers
- Customer concentrationImpact: HighLikelihood: Medium
A small number of distributors and OEMs account for a significant share of revenue.
Exposure: Distributor channel and large end customers
- Asia supply-chain disruptionImpact: HighLikelihood: Medium
Foundries, assembly, and test partners are concentrated in Asia and exposed to disasters.
Exposure: Manufacturing and logistics network
- Tariffs and trade policyImpact: MediumLikelihood: High
Trade barriers can reduce demand for customer end products and pressure pricing.
Exposure - Foreign exchange pressureImpact: MediumLikelihood: Medium
Most foreign sales are denominated in U.S. dollars, which can raise local prices when the dollar strengthens.
Exposure: International sales
Accounting
Judgemental itemsShort-term orders, distributor sales, and shipment timing affect when revenue is recorded.
Impact: Can create quarter-to-quarter volatility in reported sales.
Distributors are entitled to return privileges and inventory price protection.
Impact: Affects net revenue, reserves, and channel inventory risk.
Product cycles and demand changes can leave inventory at risk of write-down.
Impact: Can materially affect gross margin and operating results.
Wafer costs and foreign sales are exposed to dollar/yen and other currency movements.
Impact: Can change cost of revenues and gross margin.
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Last updated: 24/09/2026