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Jun 30, 2020
Power Integrations Q2 2020 Earnings Report
Power Integrations' Q2 2020 earnings were reported, with revenue up 4% year-over-year and a 2:1 stock split announced.
Key Takeaways
Power Integrations reported a 4% year-over-year increase in revenue to $106.8 million for Q2 2020. GAAP earnings per diluted share were $0.44, while non-GAAP earnings per diluted share reached $0.66. The company also announced a 2:1 stock split.
Revenues increased four percent year-over-year to $106.8 million.
GAAP earnings were $0.44 per diluted share.
Non-GAAP earnings were $0.66 per diluted share.
Company announced a 2:1 stock split and dividend increase.
Revenue by Segment
Forward Guidance
The company issued the following forecast for the third quarter of 2020: Revenues are expected to be $115 million plus or minus $5 million. GAAP gross margin is expected to be between 49.5 percent and 50 percent. Non-GAAP gross margin is expected to be between 50.5 percent and 51 percent. GAAP operating expenses are expected to be approximately $43 million; non-GAAP operating expenses are expected to be approximately $36 million.
Positive Outlook
- Revenues are expected to be $115 million plus or minus $5 million.
- GAAP gross margin is expected to be between 49.5 percent and 50 percent.
- Non-GAAP gross margin is expected to be between 50.5 percent and 51 percent.
- GAAP operating expenses are expected to be approximately $43 million.
- Non-GAAP operating expenses are expected to be approximately $36 million.
Challenges Ahead
- The impact of the COVID-19 crisis on demand for the company’s products
- Changes in global macroeconomic conditions
- Potential changes and shifts in customer demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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