secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0001157523-23-000173
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/0001157523-23-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000115752323000173/a53303740.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000173

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