secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0000833640-24-000145
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations Q2 revenue $106.2M, down 14% YoY; guides Q3 revenue ~$115M
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000145/0000833640-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000145/powi-20240806x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-24-000145

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