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Dec 31, 2019
Power Integrations Q4 2019 Earnings Report
Power Integrations' fourth-quarter earnings increased, driven by success in rapid-charging and growth in consumer appliances, with revenues up 23% year-over-year.
Key Takeaways
Power Integrations reported a strong fourth quarter with revenues up 23% year-over-year to $114.5 million. GAAP earnings were $5.28 per diluted share, and non-GAAP earnings were $5.60 per diluted share, both benefiting from a litigation settlement. The company's success was driven by rapid-charging for mobile devices and a return to growth in consumer appliances.
Fourth-quarter revenues increased 23 percent year-over-year to $114.5 million.
GAAP earnings were $5.28 per diluted share, including a $4.78 benefit from a litigation settlement.
Non-GAAP earnings were $5.60 per diluted share, also including a $4.78 benefit from a litigation settlement.
Revenue growth was driven by rapid-charging for mobile devices and a return to growth in consumer appliances.
Revenue by Segment
Forward Guidance
Power Integrations expects first-quarter 2020 revenues to be $110 million plus or minus $3 million.
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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