Power Integrations Inc. (POWI) Thursday reported first-quarter profit of $10.90 million or $0.37 per share, up from $7.46 million from $0.25 per share in the comparable quarter last year.
Adjusted earnings for the quarter was $14.01 million or $0.47 per share. On average, eight analysts polled by Thomson Reuters expected the company to earn $0.48 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $77.04 million from $71.77 million last year. Analysts expected revenues of $79.57 million.
Gross margin improved to 51.7 percent from 48.2 percent last year. Adjusted margin was 52.9 percent.
Looking ahead to the second quarter, the company has forecast revenues in the range of $79 million to $85 million. Analysts currently expect revenues of $83.19 million for the second quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.