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Dec 31, 2021
Power Integrations Q4 2021 Earnings Report
Power Integrations' fourth-quarter results were reported, with revenues up 15% year-over-year and GAAP earnings at $0.66 per diluted share.
Key Takeaways
Power Integrations reported a 15% year-over-year increase in fourth-quarter revenue, reaching $172.7 million. GAAP earnings per diluted share were $0.66, while non-GAAP earnings per diluted share were $0.83. The company's CEO highlighted the strong quarter capping an outstanding year, driven by secular trends and competitive advantages in a supply-constrained environment.
Q4 revenues increased 15% year-over-year to $172.7 million.
GAAP earnings per diluted share were $0.66.
Non-GAAP earnings per diluted share were $0.83.
Board of directors allocated an additional $100 million for share repurchases.
Forward Guidance
The company expects revenues to be $180 million plus or minus $5 million for the first quarter of 2022. Gross margins are expected to be similar to the levels of the prior quarter. GAAP operating expenses are expected to be between $48.5 million and $49.5 million; non-GAAP operating expenses are expected to be between $40.5 million and $41.5 million. Non-GAAP expenses are expected to exclude approximately $7.8 million of stock-based compensation and $0.2 million of amortization of acquisition-related intangible assets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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