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Dec 31, 2020

Power Integrations Q4 2020 Earnings Report

Power Integrations' Q4 2020 earnings increased due to broad-based demand and double-digit growth in all four major end-market categories.

Key Takeaways

Power Integrations reported Q4 2020 revenues of $150.7 million, a 32% increase year-over-year. GAAP earnings per diluted share were $0.45, and non-GAAP earnings per diluted share were $0.60. The company's board of directors has increased the quarterly dividend to $0.13 per share.

Q4 revenues increased 32% year-over-year to $150.7 million.

GAAP earnings were $0.45 per diluted share.

Non-GAAP earnings were $0.60 per diluted share.

Quarterly dividend increased by 18% to $0.13 per share.

Total Revenue
$151M
Previous year: $114M
+31.7%
EPS
$0.6
Previous year: $0.41
+46.3%
Industrial Revenue %
26%
Previous year: 30%
-13.3%
Computer Revenue %
9%
Previous year: 6%
+50.0%
Consumer Revenue %
31%
Previous year: 35%
-11.4%
Gross Profit
$74M
Previous year: $58.2M
+27.1%
Cash and Equivalents
$259M
Previous year: $179M
+44.9%
Free Cash Flow
$11.5M
Previous year: $172M
-93.3%
Total Assets
$903M
Previous year: $804M
+12.4%

Power Integrations

Power Integrations

Power Integrations Revenue by Segment

Forward Guidance

Revenues are expected to be flat compared to the fourth quarter of 2020, plus or minus five percent. GAAP gross margin is expected to be approximately 48 percent, and non-GAAP gross margin is expected to be approximately 49 percent. GAAP operating expenses are expected to be approximately $44.5 million; non-GAAP operating expenses are expected to be approximately $37.5 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income