---
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"
generated_at: "2026-06-20T00:39:05.337977+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Power Integrations Q4 revenue $124.8M, down 28% YoY; guides Q1 $105M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000173
- JSON: https://secwatch.observer/filing/0001157523-23-000173.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000173.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter and year ended December 31, 2022
  - Revenue: $124.8 million
  - Net income: $22.8 million or $0.40 per diluted share
  - EPS: $0.40 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/0001157523-23-000173-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.