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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.
Power Integrations
Power Integrations
Power Integrations Revenue by Segment
Revenue by Segment
Communications Revenue
CapyFin.comComputer Revenue
CapyFin.comConsumer Revenue
CapyFin.comIndustrial Revenue
CapyFin.com 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
- The effects of competition
- Unfavorable fluctuations in component costs or operating expenses
Revenue & Expenses
Visualization of income flow from segment revenue to net income