Power Integrations names Nancy Erba as new CFO effective January 5

SAN JOSE, Calif. - Power Integrations (NASDAQ:POWI) announced Tuesday that Nancy Erba will join the company as chief financial officer effective January 5, 2026. The semiconductor company, currently valued at $1.77 billion, has seen its shares trade near 52-week lows recently, according to InvestingPro data.

Erba brings over 25 years of corporate finance experience to the semiconductor company. She most recently served as CFO at Infinera Corporation, an optical networking solutions provider, from 2019 until its acquisition by Nokia earlier this year. Prior to that, she was CFO at Immersion Corporation from 2016 to 2019, and held various senior leadership positions at Seagate Technology in finance, business operations and corporate development.

The incoming CFO currently serves on the board of directors at PDF Solutions and chairs its audit committee. She holds an MBA from Baylor University and a bachelor's degree in mathematics from Smith College.

"We are delighted to welcome Nancy Erba to our executive leadership team," said Jen Lloyd, president and CEO of Power Integrations, in the company's press release. "Nancy brings an outstanding track record of financial stewardship and shareholder value creation combined with deep experience in the technology sector."

Erba expressed enthusiasm about joining the high-voltage semiconductor company, noting, "I'm excited to join Power Integrations at such a pivotal time for the company."

Power Integrations develops semiconductor technologies for high-voltage power-conversion used in renewable energy generation and power applications ranging from milliwatts to megawatts.

The announcement comes as the company positions itself to address growing demand in the semiconductor market related to AI, electrification, and decarbonization initiatives.

In other recent news, Power Integrations reported its third-quarter 2025 earnings, aligning with expectations for earnings per share (EPS) at $0.36. However, the company fell slightly short on revenue, posting $118.92 million compared to the anticipated $119.57 million. Despite this revenue miss, Benchmark has maintained its Buy rating on Power Integrations, although it has lowered the price target from $55.00 to $50.00. The research firm pointed to disappointing guidance as a reason for the adjustment but remains optimistic about the company's long-term prospects. Benchmark noted that Power Integrations' full-year revenue is still expected to rise by 6% year-over-year. These developments provide investors with critical insights into the company's current performance and future expectations.

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