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Power Integrations Is Quietly Building a Moat in High-Power Drivers Across Grid, EVs, & Industry; What’s Next On The Horizon?

Power Integrations, a company that specializes in high-voltage integrated circuits for energy-efficient power conversion, reported mixed financial results in its latest quarter. The third quarter saw revenues of $119 million, up 3% sequentially, but down from the prior year, reflecting ongoing volatility in its primary markets. The company has encountered a notable slowdown in the consumer segment, particularly within appliances, which saw a decline in orders by approximately 40% compared to the first half of the year. This was largely attributed to disrupted supply chains and tariffs, impacting the stability of what is traditionally a steady revenue stream for the company. Despite challenges in the consumer sector, Power Integrations reported robust growth in its industrial business, which experienced a 20% increase year-to-date, driven by global trends such as electrification and grid modernization.