POWER INTEGRATIONS INC - 8-K Filing
Power Integrations reported Q1 2026 revenue of $108.3 million, up 3% year-over-year and 5% from the prior quarter. GAAP net income was $3.3 million or $0.06 per diluted share, down from $0.24 per share in the prior quarter and $0.15 per share in Q1 2025. The company also announced the appointment of Mike Balow as Senior Vice President, Worldwide Sales, effective May 4, 2026, with a base salary of $450,000 and equity awards totaling $4 million in RSUs and $1.6 million in PRSUs. (Items: 2.02 Results of Operations and Financial Condition, 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Offi, 9.01 Financial Statements and Exhibits)
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