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Sep 30, 2021
Power Integrations Q3 2021 Earnings Report
Reported strong growth in revenues, earnings, and cash flows.
Key Takeaways
Power Integrations reported a 46% year-over-year increase in revenues, reaching $176.8 million. GAAP earnings per diluted share were $0.69, while non-GAAP earnings per diluted share were $0.84. The company's board increased the quarterly dividend to $0.15 per share and added $50 million to the repurchase authorization.
Net revenues reached $176.8 million, a 46 percent increase year-over-year.
GAAP earnings were $0.69 per diluted share, compared to $0.24 in Q3 2020.
Non-GAAP earnings were $0.84 per diluted share, up from $0.40 in Q3 2020.
Board of directors declared a dividend of $0.15 per share to be paid on December 31, 2021.
Revenue by Segment
Forward Guidance
The company expects revenues of $170 million plus or minus $5 million. Gross margins are expected to be similar to the third-quarter levels. GAAP operating expenses are expected to be approximately $49.5 million; non-GAAP operating expenses are expected to be approximately $40 million. Non-GAAP expenses are expected to exclude approximately $9.3 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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