secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001157523-23-001668
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Power Integrations Q3 revenue $125.5M, -22% YoY; guides Q4 revenue ~$90M; dividend raised 5%
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- GAAP EPS $0.34, non-GAAP EPS $0.46; revenue down 22% YoY and up 2% sequentially.
- Q4 2023 revenue guidance $90M ±$5M, well below Q3 level; GAAP opex ~$50M.
- Quarterly dividend increased 5% to $0.20/share; payable Dec. 29, 2023 to holders of record Nov. 30.
- Operating cash flow $26.7M; repurchased ~24k shares for $1.8M during Q3.
- CEO cites broad demand weakness and elevated supply-chain inventories as key headwinds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000115752323001668/0001157523-23-001668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000115752323001668/a53773360.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001668

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