FY2025: $443.5 million, up 5.9%, gross margin 54.5% — about 90 basis points better, you know. Net income $22.1 million, down 31%, and operating income has slid three years straight, $35 million to $18 million to $10 million. That compression is real. Q1 2026 was $108.3 million, up 2.6%, and we took a roughly 7% workforce reduction, $6.2 million restructuring, aligning expenses with revenue and keeping flexibility for the products and markets we think drive long-term growth. The concentration, the compression, the profit — all three are true at once.

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POWI / The full year, stated flat - profitable, but compressing

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/p/p-day-20260717-powi-src-powi-fy2025-and-restructuring-ingest ↗

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2026-07-17T06:05:54.993Z