---
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"
generated_at: "2026-06-15T23:45:52.837637+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Power Integrations Q1 revenue $106.3M, down 42% YoY; sees Q2 rebound to $122M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000742
- JSON: https://secwatch.observer/filing/0001157523-23-000742.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000742.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2023
  - Revenue: $106.3 million
  - Net income: $6.9 million or $0.12 per diluted share
  - EPS: $0.12 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/833640/000115752323000742/0001157523-23-000742-index.htm

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