Power Integrations Q3 2024 Earnings Report
Key Takeaways
Power Integrations reported third-quarter results with revenues of $115.8 million, GAAP EPS of $0.25, and non-GAAP EPS of $0.40. The company announced a five percent dividend increase and a $50 million share-repurchase authorization.
Net revenues for the third quarter were $115.8 million, down eight percent from the third quarter of 2023.
GAAP net income for the third quarter was $14.3 million or $0.25 per diluted share.
Non-GAAP net income for the third quarter of 2024 was $22.6 million or $0.40 per diluted share.
The board of directors has authorized $50 million for share repurchases and increased the quarterly dividend by five percent.
Power Integrations
Power Integrations
Power Integrations Revenue by Segment
Forward Guidance
Revenues are expected to be $105 million plus or minus $5 million. GAAP gross margin is expected to be between 54 percent and 54.5 percent, and non-GAAP gross margin is expected to be between 55 percent and 55.5 percent. GAAP operating expenses are expected to be between $53.5 million and $54 million; non-GAAP operating expenses are expected to be between $44.5 million and $45 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income