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Jun 30, 2021
Power Integrations Q2 2021 Earnings Report
Reported record revenues with a 69 percent year-over-year increase and GAAP earnings of $0.68 per diluted share.
Key Takeaways
Power Integrations reported record second-quarter revenues of $180.1 million, a 69% increase year-over-year. GAAP earnings per diluted share were $0.68, and non-GAAP earnings per diluted share were $0.83. Cash flow from operations for the quarter was $66.8 million.
Revenues increased 69 percent year-over-year to a record $180.1 million.
GAAP earnings were $0.68 per diluted share.
Non-GAAP earnings were $0.83 per diluted share.
Cash flow from operations for the second quarter was $66.8 million.
Revenue by Segment
Forward Guidance
The company expects revenues to decrease by three percent compared to the second quarter of 2021, plus or minus five percent. GAAP gross margin is expected to be approximately 51 percent, and non-GAAP gross margin is expected to be approximately 51.5 percent. GAAP operating expenses are expected to be between $47.5 million and $48 million; non-GAAP operating expenses are expected to be between $38.5 million and $39 million. Non-GAAP expenses are expected to exclude approximately $8.8 million of stock-based compensation and $0.2 million of amortization of acquisition-related intangible assets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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