{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000173","form_type":"8-K","ticker":"POWI","cik":"0000833640","company_name":"POWER INTEGRATIONS INC","filed_at":"2023-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.220222+00:00","generated_at":"2026-06-20T00:39:05.337977+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Power Integrations Q4 revenue $124.8M, down 28% YoY; guides Q1 $105M","bullets":["Q4 revenue $124.8M (-28% YoY); GAAP EPS $0.40 vs $0.66; non-GAAP EPS $0.48 vs $0.83.","Full-year revenue $651.1M (-7% YoY); GAAP EPS $2.93 vs $2.67; non-GAAP EPS $3.29 vs $3.26.","Q1 2023 guidance: revenue $105M ±$5M (down ~16% QoQ); GAAP gross margin ~53%, non-GAAP ~53.5%.","Dividend increased 6% to $0.19/share payable Mar 31, 2023; $18.7M share repurchases in Q4.","CEO cites weaker demand and excess inventory; expects revenue to bottom in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000173","json":"https://secwatch.observer/filing/0001157523-23-000173.json","markdown":"https://secwatch.observer/filing/0001157523-23-000173.md","text":"https://secwatch.observer/filing/0001157523-23-000173.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/0001157523-23-000173-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/a53303740.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T00:39:05.337977+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1556b9a68eb29cb5f0171bdd2427fd109158575d","claim":"POWER INTEGRATIONS INC reported the quarter and year ended December 31, 2022 results: revenue $124.8 million, net income $22.8 million or $0.40 per diluted share, EPS $0.40 per diluted share.","evidence_excerpt":"Net revenues for the fourth quarter were $124.8 million, down 22 percent compared to the prior quarter and down 28 percent from the fourth quarter of 2021. Net income for the fourth quarter was $22.8 million or $0.40 per diluted share compared to $0.80 per diluted share in the prior quarter and $0.66 per diluted share in the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/0001157523-23-000173-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"label":"Revenue","value":"$124.8 million"},{"label":"Net income","value":"$22.8 million or $0.40 per diluted share"},{"label":"EPS","value":"$0.40 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}