secwatch.observer — SEC 8-K summary
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Issuer:     POWER INTEGRATIONS INC (POWI)
CIK:        0000833640
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001157523-24-000203
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/833640/000115752324000203/0001157523-24-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/833640/000115752324000203/a53894244.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000203

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