Power Integrations (POWI) stock surged 5.56% in Friday's pre-market trading session, following the company's impressive fourth-quarter 2024 earnings release and an upbeat 2025 outlook.
The semiconductor company reported a robust 18% year-over-year increase in Q4 revenue to $105 million, aligned with its guidance. The growth was driven by strength in the industrial and consumer segments, offsetting weakness in communications.
Looking ahead, Power Integrations expects significant growth opportunities in 2025, particularly in the industrial category, fueled by infrastructure projects and high-power business opportunities. The company is also making strides in its Gallium Nitride (GaN) technology, which is projected to contribute over 10% of sales in the fourth quarter of 2025.
Additionally, Power Integrations is expanding its footprint in key markets like India, where it is gaining traction in electric transportation, metering, and fixed wireless deployments. The company is also building a strong customer base in the automotive industry, with expectations of rapid revenue growth starting in 2026.
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