earnings
confidence high
sentiment negative
materiality 0.70
Power Integrations Q3 revenue $160.2M (-9% YoY); GAAP EPS $0.80; announces $100M buyback
POWER INTEGRATIONS INC
2022-Q3 EPS reported
$2.52
revenue$526,368,000
- Q3 revenue $160.2 million, down 13% sequentially and 9% from Q3 2021; GAAP EPS $0.80 vs $0.69 YoY.
- Non-GAAP EPS was $0.84, down from $1.03 prior quarter and flat YoY.
- Board authorized $100 million share repurchase; no expiration date.
- Q4 2022 revenue guidance: $125M ± $5M; GAAP gross margin 55.5-56%.
- Dividend of $0.18 per share declared, payable Dec 30, 2022.