earnings
confidence high
sentiment neutral
materiality 0.65
Power Integrations Q2 revenue $106.2M, down 14% YoY; guides Q3 revenue ~$115M
POWER INTEGRATIONS INC
2024-Q2 EPS reported
$0.15
revenue$197,886,000
- GAAP EPS $0.09, non-GAAP EPS $0.28; revenue up 16% QoQ, down 14% YoY.
- Completed acquisition of Odyssey Semiconductor assets to boost GaN technology.
- Repurchased 164k shares for $11.3M, completing authorization; paid $0.20 dividend.
- Q3 guidance: revenue $115M±$5M; GAAP gross margin 53.5%-54%, non-GAAP 54.5%-55%.