Added to YB: 2026-04-24
Pitch date: 2026-04-22
POWI [neutral]
Power Integrations, Inc.
+0.53%
current return
Author Info
No bio for this author
Company Info
Power Integrations, Inc. designs, develops, manufactures, and markets analog and mixed-signal integrated circuits, and other electronic components and circuitry used in high-voltage power conversion.
Market Cap
$3.7B
Pitch Price
$72.25
Price Target
N/A
Dividend
1.28%
EV/EBITDA
65.07
P/E
172.74
EV/Sales
7.91
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Power Integrations Write-up w/Mgmt Analysis (POWI).
POWI (deep dive): High-voltage power conversion semi at 54x CY26E EPS, 38x CY27E EPS; requires proof of AI data center/auto/industrial acceleration to justify valuation. Strong tech: InnoSwitch integration, 1250V/1700V PowiGaN, 175M+ GaN units shipped. Q4 rev $103M (-13% QoQ), FY25 $444M (+6%), indust +15%, PowiGaN +40%. Near-term risks: appliance/consumer 37% rev still weak on housing/tariffs, channel inv 9.4wks vs 8wk target, 313 DIO elevated, new CEO/CFO/exec team unproven. Bull: AI 800VDC auxiliary shipping, main power sampling late 2026, ~$1K content/rack TAM, auto quals at top CN Tier 1 & EU EV OEM, TOPSwitchGaN extends flyback to 440W. Bear: data center not material for 'couple years', auto pushed to 2027, OpEx 41% rev, 7% RIF, GAAP EPS $0.39 vs non-GAAP $1.25. DB Hold, $45 PT (26x CY27E). Mgmt upgrade (Lloyd ex-ADI power VP, Erba ex-Infinera CFO) credible but untested; needs 2026 opex discipline + revenue proof to support premium multiple.
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