Welcome to our dedicated page for Power Integrtns news (Ticker: POWI), a resource for investors and traders seeking the latest updates and insights on Power Integrtns stock.
Power Integrations, Inc. (NASDAQ: POWI) is a semiconductor company focused on high-voltage power conversion, and its news flow reflects developments across technology, finance and leadership. Company announcements frequently highlight advances in PowiGaN™ gallium-nitride technology, including 1250 V and 1700 V devices for applications such as 800 VDC AI data centers, renewable-energy systems and electric transportation.
Visitors to this POWI news page can review press releases on product and technology updates, such as white papers detailing the performance of PowiGaN switches versus alternative devices, and the use of InnoMux2-EP and InnoSwitch3-AQ ICs in demanding power-supply designs. News items also cover reference design kits, including kits for solar-powered race cars that showcase high-efficiency auxiliary power supplies based on the company’s ICs.
Investors will find earnings releases and financial updates, where Power Integrations reports revenue, gross margin, operating expenses and non-GAAP results, along with commentary on trends in its communications, computer, consumer and industrial end markets. These releases may include information on share repurchases, dividends and financial outlooks for upcoming quarters.
The company also issues news about its leadership team and governance, such as the appointment of a new chief financial officer, the designation of an interim CFO, and the addition of executives responsible for people strategy, transformation, marketing and product strategy. Many of these leadership changes are accompanied by Form 8-K filings that provide further detail.
By following this page, readers can track how Power Integrations communicates its progress in high-voltage power-conversion technologies, adoption of GaN-based products, participation in AI data-center initiatives and organizational developments that support its strategic priorities.
Power Integrations (Nasdaq: POWI) reported a strong fourth quarter for 2020 with net revenues of $150.7 million, a 32% increase year-over-year. Net income for the quarter was $27.3 million, or $0.45 per diluted share. Full-year revenues rose 16% to $488.3 million, with net income of $71.2 million. The company anticipates flat revenue for Q1 2021, with expected GAAP gross margin around 48% and non-GAAP gross margin at approximately 49%. A quarterly dividend has been increased to $0.13 per share.
Power Integrations (Nasdaq: POWI) has appointed Sunny Gupta as the new vice president of operations, taking over from Raja Petrakian, who served since 2015. Gupta brings over 25 years of semiconductor industry experience, having previously held operations positions at Renesas Corporation and Intersil Corporation. CEO Balu Balakrishnan praised Gupta's expertise in supply chains and quality processes, while thanking Petrakian for his contributions to the company's growth.
Power Integrations (Nasdaq: POWI) will disclose its fourth-quarter financial results on February 2, 2021, following market hours. A conference call is scheduled for the same day at 1:30 p.m. Pacific time, where analysts and investors can get insights into the firm's performance. Interested parties can register for the call, and both live and archived audio webcasts will be accessible on the company’s website. Power Integrations specializes in semiconductor technologies that support clean energy initiatives.
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Power Integrations (Nasdaq: POWI) has announced that CEO Balu Balakrishnan and CFO Sandeep Nayyar will participate in a virtual fireside chat at the Wells Fargo TMT Summit. The event is scheduled for December 1 at 2:20 p.m. Pacific Time. Investors can access a live webcast of this discussion through the company’s investor relations page at investors.power.com.
Power Integrations is renowned for its semiconductor technologies that support high-voltage power conversion, playing a crucial role in the clean energy sector.
Power Integrations (Nasdaq: POWI) reported Q3 2020 net revenues of $121.1 million, reflecting a 13% increase from Q2 and a 6% rise year-over-year. Net income was $14.8 million or $0.24 per diluted share, up from $0.22 in Q2 but down from $0.29 a year earlier. Non-GAAP net income was $24.2 million or $0.40 per diluted share. The company anticipates Q4 revenues of $130 million plus or minus $5 million with expected gross margins of 49% GAAP and 50% non-GAAP. A cash dividend of $0.11 per share will be paid on December 31, 2020.
Power Integrations (Nasdaq: POWI) has unveiled the MinE-CAP™ IC, designed for high power density AC-DC converters. This new component reduces the size of high-voltage bulk electrolytic capacitors by 40%, enabling smaller adapters. The MinE-CAP IC minimizes in-rush current, enhancing system efficiency and reducing heat. Housed in a compact MinSOP-16A package, it integrates seamlessly with Power Integrations' InnoSwitch™ family of ICs. The launch responds to market demands for smaller, efficient chargers and is priced at $1.75 for 10 Ku, with immediate availability.
Power Integrations (Nasdaq: POWI) has announced that its InnoSwitch IC shipments have surpassed one billion units since its launch in 2014. This milestone highlights the success of Power Integrations' FluxLink communication technology, which offers enhanced energy efficiency. The InnoSwitch family, including the InnoSwitch3 series, serves various applications such as USB PD chargers and industrial devices, promoting performance while minimizing energy consumption. The company emphasizes its commitment to sustainable power solutions and compliance with international efficiency standards.
Power Integrations, a leader in high-performance power conversion components, focuses on energy-efficient AC-DC power supplies for a range of applications including smartphones and electric vehicles. The company is known for its EcoSmart technology, which has significantly reduced energy waste and carbon emissions. Power Integrations produces critical components for renewable energy systems and is included in clean-technology stock indices. With headquarters in San Jose, CA, their commitment to sustainability underscores their market strategy and operational goals.
Power Integrations (Nasdaq: POWI) will announce its third-quarter financial results on October 29, 2020, after market hours. A conference call is scheduled for the same day at 1:30 p.m. Pacific time, with registration available through the company's website. Power Integrations specializes in semiconductor technologies essential for high-voltage power conversion, contributing significantly to renewable energy generation and efficient power management.
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