secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000833640-24-000105
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/0000833640-24-000105-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000105/powi-20240507x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-24-000105

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer