{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000742","form_type":"8-K","ticker":"POWI","cik":"0000833640","company_name":"POWER INTEGRATIONS INC","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.392025+00:00","generated_at":"2026-06-15T23:45:52.837637+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Power Integrations Q1 revenue $106.3M, down 42% YoY; sees Q2 rebound to $122M","bullets":["GAAP EPS $0.12 ($0.77 YoY); non-GAAP EPS $0.25 ($0.93 YoY); revenue fell 15% QoQ and 42% YoY.","Q2 guidance: revenue $122M ±$5M; GAAP gross margin ~51.5%; non-GAAP gross margin ~52%.","Dividend maintained at $0.19/share; payable June 30 to holders of record May 31, 2023.","CEO cites 'revenues have bottomed' and cyclical recovery; orders improving; distributor inventories reduced.","Introduced first 900V GaN ICs for EV and industrial; gaining share in motor-drive and automotive."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000742","json":"https://secwatch.observer/filing/0001157523-23-000742.json","markdown":"https://secwatch.observer/filing/0001157523-23-000742.md","text":"https://secwatch.observer/filing/0001157523-23-000742.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000742/0001157523-23-000742-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000742/a53394165.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:45:52.837637+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":"87ef12e8e0b604655f15e10480046e605c59dee9","claim":"POWER INTEGRATIONS INC reported the quarter ended March 31, 2023 results: revenue $106.3 million, net income $6.9 million or $0.12 per diluted share, EPS $0.12 per diluted share. Guidance reaffirmed.","evidence_excerpt":"Power Integrations Reports First-Quarter Financial Results Revenues were $106.3 million; GAAP earnings were $0.12 per diluted share; non-GAAP earnings were $0.25 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/833640/000115752323000742/0001157523-23-000742-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$106.3 million"},{"label":"Net income","value":"$6.9 million or $0.12 per diluted share"},{"label":"EPS","value":"$0.12 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"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"}