Every 8-K that Power Integrations Inc (POWI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow POWI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full POWI filings page.
Power Integrations, Inc. reported that Sunil Gupta, Senior Vice President, Operations, has notified the company of his intention to resign from his role, effective August 25, 2026. The company states that his resignation is not due to any disagreement regarding operations, policies, or practices.
The report is signed on behalf of Power Integrations by Andrew S. Hughes, Senior Vice President, General Counsel & Corporate Secretary. The company’s common stock, par value $0.001 per share, trades on the Nasdaq Global Select Market under the symbol POWI.
Power Integrations reported Q2 2026 revenue of $118.9 million, up ten percent sequentially and three percent year over year. GAAP net income was $9.8 million, or $0.17 per diluted share, while non-GAAP net income was $20.9 million, or $0.37 per diluted share. GAAP gross margin was 54.3%, and cash flow from operations was $22.0 million for the quarter.
The company paid a $0.215-per-share dividend on June 30, 2026 and plans to pay another $0.215-per-share dividend on September 30, 2026. For the third quarter of 2026, it expects revenue between $122 million and $130 million, GAAP gross margin of 53.3%–54.4%, and non-GAAP operating margin of 17%–19%. Management highlighted growth in industrial markets, improved profitability and inventories, and the rollout of its new 2200 V PowiGaN™ high-voltage technology.
Power Integrations, Inc. reported the results of its 2026 annual stockholder meeting, where a quorum was established with 53,728,568 votes present, representing approximately 96.45% of the 55,703,980 shares outstanding as of the April 13, 2026 record date.
Stockholders elected seven directors, including Wendy Arienzo, Ph.D., Anita Ganti, Nancy Gioia, Balakrishnan S. Iyer, Jennifer Lloyd, Ph.D., Gregg Lowe, and Ravi Vig, to serve until the 2027 annual meeting. They also approved, on an advisory and non-binding basis, the compensation of the named executive officers and ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.
In addition, stockholders approved an amendment and restatement of the 2016 Incentive Award Plan to increase the number of shares of common stock reserved for issuance. A stockholder proposal to require separation of the roles of Chairman and Chief Executive Officer did not receive the required majority and was not approved.
Power Integrations reported first-quarter 2026 revenue of $108.3 million, up five percent from the prior quarter and three percent year-over-year. GAAP net income was $3.3 million, or $0.06 per diluted share, down from $0.24 in the prior quarter and $0.15 a year earlier.
Non-GAAP net income was $13.9 million, or $0.25 per diluted share, versus $0.23 in the prior quarter and $0.31 in the first quarter of 2025. Cash flow from operations was $20.0 million and free cash flow was $18.0 million. Industrial revenue grew 23 percent year-over-year and represented 41 percent of total revenue.
The company paid a dividend of $0.215 per share on March 31, 2026, and declared another $0.215 per share dividend payable June 30, 2026. Power Integrations also appointed industry veteran Mike Balow as Senior Vice President, Worldwide Sales, effective May 4, 2026.
Power Integrations, Inc. disclosed several corporate actions. The board approved a new indemnification agreement for directors and officers, promising coverage to the fullest extent permitted by law, including expense advancement subject to repayment if indemnification is ultimately not available.
The company approved a reduction in force that terminated about 7% of its global workforce on February 2, 2026, primarily to reduce costs and streamline operations. It expects to record approximately $3.5 million to $4.0 million in severance and related benefit costs, largely in the first quarter of 2026, and to substantially complete the reduction by quarter-end, while noting actual costs may differ.
Power Integrations also reported that Balu Balakrishnan stepped down as Chairman of the Board but will remain a director. The board appointed Balakrishnan S. Iyer as the new independent Chairman and will no longer maintain a separate Lead Independent Director role. A press release on February 5, 2026, was issued and attached as an exhibit.
Power Integrations, Inc. updated its compensation structure and corporate governance. Effective January 27, 2026, the board’s Talent and Compensation Committee amended and restated the 2025 Inducement Award Plan, reserving an additional 500,000 shares of common stock for a total of 850,000 shares available for equity awards.
The inducement plan, adopted without stockholder approval under Nasdaq Listing Rule 5635(c)(4), permits grants of restricted stock units, restricted stock, performance stock units, and long-term restricted performance stock units to new employees as a material inducement to employment. On the same date, the board also amended and restated the company’s bylaws, with full texts of the revised bylaws and the inducement plan filed as exhibits.
Power Integrations, Inc. announced that its Board is appointing Nancy Erba as Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, effective upon her planned employment start date of January 5, 2026. She brings extensive experience from prior CFO roles at Infinera Corporation and Immersion Corporation, as well as multiple senior finance positions at Seagate Technology. Upon her start, interim CFO Robert Eric Verity will resign from his interim roles and return to his position as Senior Director of Finance, and this transition is stated not to result from any disagreement with the company’s operations, policies, or practices. The Talent and Compensation Committee also adopted a 2025 Inducement Award Plan, reserving 350,000 shares of common stock for RSU, PSU, and PRSU grants to new employees under Nasdaq Rule 5635(c)(4).
Power Integrations, Inc. filed a Form 8-K to report results of operations and financial condition under Item 2.02. The company states that on November 5, 2025 it issued a press release, attached as Exhibit 99.1 and incorporated by reference. The report is signed on behalf of Power Integrations by interim chief financial officer Robert Eric Verity on November 5, 2025.
Power Integrations awarded equity compensation to Mr. Verity consisting of performance stock units and restricted stock units. The company granted 954 Target PSUs with an aggregate grant-date fair value of $48,294; these PSUs vest based on 2025 performance conditions under the 2025 PSU Plan and may pay out from 0% to 200% of the target amount depending on achievement. The company also granted 2,008 RSUs with an aggregate grant-date fair value of $96,280. The RSUs vest over four years with 25% vesting each anniversary and are subject to Mr. Verity’s continued full-time service through each vesting date.