Power Integrations Q1 2021 Earnings Report
Key Takeaways
Power Integrations reported a strong first quarter with revenues up 58% year-over-year to $173.7 million. GAAP earnings per diluted share were $0.65, and non-GAAP earnings per diluted share were $0.76. The company's board increased the share-repurchase authorization by $50 million.
Revenues increased 58 percent year-over-year to $173.7 million.
GAAP earnings were $0.65 per diluted share.
Non-GAAP earnings were $0.76 per diluted share.
Share-repurchase authorization increased by $50 million.
Power Integrations
Power Integrations
Power Integrations Revenue by Segment
Forward Guidance
The company expects revenues to be flat compared to the first quarter of 2021, plus or minus five percent. GAAP gross margin is expected to be between 49.5 and 50 percent, and non-GAAP gross margin is expected to be between 50 and 50.5 percent. GAAP operating expenses are expected to be approximately $47.5 million; non-GAAP operating expenses are expected to be approximately $38.5 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income