earnings
confidence high
sentiment positive
materiality 0.70
Power Integrations Q3 revenue down 8% YoY to $115.8M, EPS $0.25; raises dividend 5%, authorizes $50M buyback
POWER INTEGRATIONS INC
2024-Q3 EPS reported
$0.40
revenue$313,723,000
- Q3 revenue $115.8M (+9% QoQ, -8% YoY); GAAP EPS $0.25, non-GAAP EPS $0.40.
- Announces 5% dividend increase to $0.21/share payable Dec 31, 2024; $50M share repurchase authorization.
- Q4 guidance: revenue $105M±$5M, GAAP gross margin ~54%, non-GAAP gross margin ~55%.
- Introduced 1700V GaN transistors; CEO expects double-digit YoY revenue growth in Q4.