---
schema_version: "secwatch.filing_event.v1"
accession: "0000833640-24-000105"
form_type: "8-K"
ticker: "POWI"
cik: "0000833640"
company_name: "POWER INTEGRATIONS INC"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:24:22.197482+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Power Integrations Q1 revenue $91.7M, down 14% YoY; guides Q2 rev ~$105M

## Summary
- GAAP EPS $0.07, non-GAAP EPS $0.18; cash flow from operations $15.9M.
- Q2 revenue guidance $105M ±$5M; GAAP gross margin 52.5%-53.0%.
- Acquired Odyssey Semiconductor assets to advance high-power GaN; close expected July 2024.
- Dividend $0.20 per share payable June 28, 2024 to holders of record May 31, 2024.
- Repurchased 207K shares for $14.6M in Q1; $11.3M remaining on buyback authorization.

## SEC filing metadata
- accession: 0000833640-24-000105
- form_type: 8-K
- ticker: POWI
- cik: 0000833640
- company_name: POWER INTEGRATIONS INC
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/0000833640-24-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/powi-20240507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000833640-24-000105
- JSON: https://secwatch.observer/filing/0000833640-24-000105.json
- Plain text: https://secwatch.observer/filing/0000833640-24-000105.txt

## Key facts
- Earnings Releases
  POWER INTEGRATIONS INC reported second quarter of 2024 results: revenue $105 million plus or minus $5 million. Guidance initiated.
  - Period: second quarter of 2024
  - Revenue: $105 million plus or minus $5 million
  - Guidance: initiated
  - Result: guidance update
  source text: Revenues are expected to be $105 million plus or minus $5 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/0000833640-24-000105-index.htm
- Earnings Releases
  POWER INTEGRATIONS INC reported first quarter of 2024 results: revenue $91.7 million, net income $4.0 million, EPS $0.07 per diluted share.
  - Period: first quarter of 2024
  - Revenue: $91.7 million
  - Net income: $4.0 million
  - EPS: $0.07 per diluted share
  - Result: reported results
  source text: Net revenues for the first quarter were $91.7 million, up two percent from the prior quarter and down 14 percent from the first quarter of 2023. GAAP net income for the first quarter was $4.0 million or $0.07 per diluted share compared to $0.25 per diluted share in the prior quarter and $0.12 per diluted share in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/0000833640-24-000105-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.