earnings
confidence high
sentiment negative
materiality 0.75
Power Integrations Q2 revenue $184M; guides Q3 revenue lower at $165M
POWER INTEGRATIONS INC
2022-Q2 EPS reported
$1.72
revenue$366,135,000
- Revenue $184M, up 2% YoY; GAAP EPS $0.96 vs $0.68; non-GAAP EPS $1.03 vs $0.83 (+24%).
- Cash flow from ops $66.8M; repurchased 1.9M shares for $157.7M; dividend $0.18 payable Sept 30.
- Q3 guidance: revenue $165M ±5%, GAAP gross margin ~57.5%, GAAP OPEX ~$51M.
- CEO cites soft Chinese smartphone demand and macro headwinds for weakening near-term outlook.