Power Integrations Q4 revenue $89.5M (-28% YoY); GAAP EPS $0.25, non-GAAP $0.22; Q1 rev guidance ~$90M

POWER INTEGRATIONS INC

2023-FY EPS reported $0.97 revenue$444,538,000

Q4 revenues $89.5M, down 28% YoY; GAAP EPS $0.25, non-GAAP EPS $0.22.
Full-year 2023 revenues $444.5M, down 32% from $651.1M; GAAP EPS $0.97 vs $2.93.
Q1 2024 revenue guidance $90M ±$5M; expects sequential growth from June quarter.
Repurchased 680k shares for $47.4M in Q4; $26M remaining on authorization.
Dividend maintained at $0.20/share; next payment March 29, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

POWER INTEGRATIONS INC reported the quarter and year ended December 31, 2023 results: revenue $89.5 million, net income $14.3 million, EPS $0.25 per diluted share.

Period: the quarter and year ended December 31, 2023
Revenue: $89.5 million
Net income: $14.3 million
EPS: $0.25 per diluted share
Result: reported results

Exact text from the filing

Net revenues for the fourth quarter were $89.5 million, down 29 percent compared to the prior quarter and down 28 percent from the fourth quarter of 2022. GAAP net income for the fourth quarter was $14.3 million or $0.25 per diluted share compared to $0.34 per diluted share in the prior quarter and $0.40 per diluted share in the fourth quarter of 2022.

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Source: SEC EDGAR

accession 0001157523-24-000203

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