Power Integrtns Stock Price, News & Analysis

Power Integrations (POWI) reported Q4 2024 financial results with net revenues of $105.2 million, showing an 18% year-over-year increase but a 9% decrease from the previous quarter. GAAP earnings were $0.16 per diluted share, compared to $0.25 in both the prior quarter and Q4 2023.

For the full year 2024, revenues reached $419.0 million, down from $444.5 million in 2023. Full-year GAAP earnings were $0.56 per diluted share, versus $0.97 in 2023. The company generated $81.2 million in operating cash flow for the year.

Looking ahead, POWI expects Q1 2025 revenues to remain flat compared to Q4 2024 (±5%), with GAAP gross margin projected between 55-55.5%. The company paid a $0.21 dividend and conducted $1.9 million in share repurchases during Q4, with $48.1 million remaining in its buyback authorization.

Power Integrations (POWI) announced that Gregg Lowe will join its board of directors on February 15, 2025. Lowe brings extensive semiconductor industry experience, having served as CEO of Wolfspeed (2017-2024) and Freescale Semiconductor (2012-2015). He also had a 27-year career at Texas Instruments, where he rose to senior vice president and manager of the analog business.

During his tenure at Wolfspeed, Lowe led the company's transformation into a pure-play manufacturer of silicon-carbide solutions for high-power applications. At Texas Instruments, he helped direct the acquisition of National Semiconductor. Currently, he serves on the boards of Silicon Labs and North Carolina A&T University, and chairs the Rock and Roll Hall of Fame Museum board.

Power Integrations (NASDAQ: POWI) has announced MotorXpert™ v3.0, a software suite for configuring and controlling BLDC inverters using BridgeSwitch™ motor-driver ICs. The new version introduces shuntless and sensorless technology for field-oriented control (FOC), featuring advanced modulation schemes and unconditional startup capabilities.

Key improvements include a two-phase modulation scheme that reduces inverter switching losses by 33 percent, ideal for high-temperature applications like hot-water circulation pumps. The software includes a five-fold enhanced waveform visualization tool and improved zoom functionality for better motor tuning and debugging.

MotorXpert 3.0 is MCU-agnostic and supports applications from 30W to 1 HP (750W), targeting markets including air conditioning fans, refrigerator compressors, fluid pumps, and washing machine drums. The software is available free of charge with an end-user license agreement through authorized distributors.

Power Integrations (Nasdaq: POWI) has announced it will release its fourth-quarter financial results after market hours on Thursday, February 6, 2025. The company will host a conference call starting at 1:30 p.m. Pacific time on the same day.

Investment community members can join the telephonic conference call by registering through a provided link. Both live and archived versions of the audio webcast will be accessible on Power Integrations' investor website.

Power Integrations (NASDAQ: POWI) has introduced a wide-creepage package option for its InnoSwitch™3-AQ flyback switcher IC designed for automotive applications. The new IC features a 5.1 mm drain-to-source-pin creepage distance, eliminating the need for conformal coating and ensuring compliance with IEC60664-1 standard in 800 V vehicles.

The 1700 V-rated IC can deliver up to 80 watts of output power and reduces component requirements by up to 50%. Key features include silicon carbide primary switch, startup capability from 30 volts, and efficiency exceeding 90%. The IC is priced at $6 per unit for 10,000-unit quantities, with samples available now and full production starting in Q1 2025.

Power Integrations (POWI), a leader in high-voltage integrated circuits for energy-efficient power conversion, has received Great Place To Work Certification™ for the third consecutive year. An anonymous employee survey revealed that 87% of employees consider POWI a great place to work, surpassing the U.S. average by 30 points. Additionally, 89% of employees feel they make a difference at the company, while 88% expressed pride in their workplace. The company is currently expanding with job openings across North America, Europe, and Asia.

Power Integrations (POWI) has announced it will webcast its presentation from the UBS Global Technology and AI Conference in Scottsdale, Arizona. The presentation is scheduled for December 4, 2024, at 2:55 PM Mountain time. Interested parties can access the live webcast and its archived version through the investor page of Power Integrations' website at investors.power.com.

Power Integrations (POWI) reported Q3 2024 financial results with net revenues of $115.8 million, up 9% quarter-over-quarter but down 8% year-over-year. GAAP earnings were $0.25 per diluted share, while non-GAAP earnings reached $0.40 per diluted share. The company generated $32.9 million in operating cash flow. The board authorized a $50 million share repurchase program and increased the quarterly dividend by 5% to $0.21 per share. For Q4 2024, POWI expects revenues of $105 million ±$5 million with GAAP gross margin between 54-54.5% and non-GAAP gross margin between 55-55.5%.

Power Integrations (NASDAQ: POWI) has introduced a new InnoMux-2 power supply IC featuring the industry's first 1700V gallium nitride switch using their proprietary PowiGaN technology. The device supports 1000 VDC nominal input voltage and achieves over 90% efficiency with up to three independently regulated outputs. This advancement follows their previous 900V and 1250V launches in 2023. The IC replaces silicon carbide transistors in applications like automotive chargers and solar inverters. Pricing starts at $4.90 for 10,000-unit quantities. According to Yole Group, the Power GaN device market is expected to reach $2 billion by decade's end.