Power Integrations (POWI) Q2 FY26 earnings call

Power Integrations delivered strong Q2 FY26 results, characterized by sequential revenue growth and significant non-GAAP operating margin expansion. The company is strategically pivoting its long-term focus towards high-power markets like data center, energy infrastructure, and automotive, leveraging its leadership in high-voltage GaN technology, including a 2,200-volt PowiGaN demonstration. Management is balancing near-term execution with targeted investments in these strategic growth areas, while also maintaining disciplined expense management.