Power Integrations reports developments in high-voltage power-conversion semiconductors, including analog and mixed-signal integrated circuits used in power converters for electronics, industrial equipment, appliances, networking devices, battery-powered tools and Internet of Things applications. Company news commonly covers quarterly results, cash flow, gross margin outlook, product introductions and market commentary tied to electrification, renewable energy, battery storage, DC transmission, EVs and AI data centers.
Recent updates also describe the company’s PowiGaN technology, TOPSwitchGaN flyback IC family and gate-driver products, along with executive appointments, sales organization changes, restructuring actions and equity inducement grants under Nasdaq Listing Rule 5635(c)(4).
Power Integrations (NASDAQ: POWI) reported Q1 2022 revenues of $182.1 million, a 5% year-over-year increase. GAAP earnings rose to $0.77 per diluted share, up from $0.65 in Q1 2021. Non-GAAP earnings reached $0.93 per diluted share, compared to $0.76 in the prior year. The company repurchased 1.6 million shares for $135 million and raised its buyback authorization by $75 million. For Q2 2022, POWI expects revenues of $190 million plus or minus $5 million.
Power Integrations (NASDAQ: POAI) will showcase its latest products for electric vehicles and industrial gate driver markets at PCIM Europe 2022 in Nuremberg, Germany from May 10-12, 2022. The exhibit hours are from 9:00 a.m. to 5:00 p.m. Power Integrations will hold panel sessions, including a presentation by CEO Balu Balakrishnan on May 11 and a talk by Senior Director Michael Hornkamp on May 12. Additionally, the company’s products will be featured at partner booths, including those of Infineon Technologies and Hitachi Europe Ltd.
Power Integrations (NASDAQ: POwi) will announce its first-quarter financial results after market hours on April 28, 2022, followed by a conference call at 1:30 p.m. Pacific Time. Investors can register for the call via a provided link. Power Integrations specializes in semiconductor technologies crucial for high-voltage power conversion, contributing to the renewable energy sector and efficient power consumption across various applications.
Power Integrations has opened a new $20 million facility in Biel, Switzerland, dedicated to R&D and product development for gate drivers in renewable energy and electric transportation. The 4,600-square-meter site will house around 60 engineers and is equipped with advanced technology, including a 25-kilowatt rooftop solar array. This facility supports Power Integrations' mission to create innovative products for a low-carbon future.
Power Integrations (NASDAQ: POwi) has launched the HiperPFS-5 family of power-factor-correction ICs, featuring an integrated 750 V PowiGaN gallium-nitride switch. These ICs achieve efficiency rates up to 98.3% and can handle up to 240 W without a heat sink. They offer a power factor exceeding 0.98, making them suitable for high-power USB PD adapters, TVs, and appliances. Notable features include low no-load power consumption of 38 mW and robustness in unstable voltage conditions, capable of operating at 460 VAC during line swells.
Power Integrations (NASDAQ: POwi) announced the launch of its new HiperLCS™-2 chipset, achieving 250 W output with over 98% efficiency and no external heatsink. This innovative dual-chip solution significantly reduces component count by 40% compared to traditional designs, making it easier to manufacture compact power supplies for various applications such as TVs and game consoles. With a no-load power consumption of less than 50 mW and high performance across a wide operating range, the HiperLCS-2 is positioned to meet stringent efficiency regulations.
Power Integrations (NASDAQ: POwi) announced that CEO Balu Balakrishnan and CFO Sandeep Nayyar will participate in a fireside chat at the Susquehanna Technology Conference on March 4 at 10:40 a.m. Eastern time. The event will be accessible via a live webcast on the company's investor relations page. Power Integrations is known for its semiconductor technologies that play a crucial role in renewable energy generation and efficient power transmission for a range of applications.
Power Integrations has expanded its InnoSwitch3 family by introducing two new AEC-Q100 qualified, 1700-volt ICs, designed for electric vehicles and industrial applications. These ICs, the first to use a silicon carbide (SiC) primary switching MOSFET, deliver up to 70 watts of output power. They significantly reduce component count by up to 50%, enhancing efficiency and system reliability. Aimed at 600- and 800-volt battery applications, these devices provide over 90% efficiency and low power consumption, making them suitable for both automotive and industrial markets.
Power Integrations (Nasdaq: POWI) reported a 15% increase in quarterly revenues to $172.7 million year-over-year, with GAAP earnings of $0.66 per diluted share. Full-year revenues grew 44% to $703.3 million, while GAAP earnings reached $2.67 per diluted share. Operational cash flow for the year was $230.9 million. The company announced a 20% dividend increase to $0.18 per share and a new $100 million share repurchase authorization. A revenue forecast for Q1 2022 is set at $180 million, with operating expenses estimated between $48.5 million and $49.5 million.
Power Integrations has expanded its InnoSwitch3 family with two new AEC-Q100 qualified, 1700-volt rated integrated circuits (ICs), designed for high-performance electric vehicles (EVs) and industrial applications. These ICs, featuring silicon carbide (SiC) technology, deliver up to 70 watts of output power and significantly reduce component count, enhancing efficiency and reliability. The InnoSwitch3-AQ devices will cater to 600- and 800-volt systems in electric buses and trucks, while their compact design optimizes space and reduces sourcing challenges for manufacturers.