Power Integrations, Inc.

Filing receipts

“The following table compares gross profit and gross margin for the three months ended March 31, 2026 and 2025: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ ​ March 31, (dollars in millions) ​ ​ ​ 2026 ​ 2025 Net revenue ​ $ 108.3 ​ ​ $ 105.5 ​ Gross profit $ 56.9 ​ $ 58.2 Gross margin ​ 52.6 % ​ 55.2 % ​ The decrease in gross margin was primarily due to the unfavorable impact of the dollar/yen exchange rate and restructuring related costs.”

“This increase was partially offset by lower stock-based compensation expense and by lower equipment-related expenses.”

“If our operating results deteriorate in future periods, either as a result of a decrease in customer demand or pricing pressures from our customers or our competitors, or for other reasons, our ability to generate positive cash flow from operations may be jeopardized.”