secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0000833640-24-000169
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations Q3 revenue down 8% YoY to $115.8M, EPS $0.25; raises dividend 5%, authorizes $50M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000169/0000833640-24-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000083364024000169/powi-20241106x8k.htm
  HTML page:      https://secwatch.observer/filing/0000833640-24-000169

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