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) has launched a groundbreaking 1700V GaN InnoMux-2 IC, featuring the industry's first 1700V gallium nitride switch using proprietary PowiGaN technology. The device achieves over 90% efficiency from a 1000 VDC bus, delivering up to 70W from three accurately regulated outputs. This innovation follows the company's previous 900V and 1250V devices launched in 2023.
The IC replaces expensive silicon carbide transistors in automotive chargers, solar inverters, and industrial power systems. Key features include independent multi-output regulation, FluxLink digital isolation communications, and zero voltage switching. 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.
Power Integrations (Nasdaq: POWI) has announced the release of its third-quarter financial results for 2024. The company will disclose these results after market hours on Wednesday, November 6, 2024. Following the release, Power Integrations will host a conference call starting at 1:30 p.m. Pacific time on the same day.
Investors and interested parties can access a live and archived audio webcast of the conference call through the company's investor website at https://investors.power.com. For those wishing to join the live telephonic conference call, a link will be available on the investor website 30 minutes before the call begins at 1:00 p.m. Pacific time. This link will prompt users to enter their phone numbers and connect them to the live call.
Power Integrations (NASDAQ: POWI) reported its Q2 2024 financial results. Net revenues were $106.2 million, up 16% from the previous quarter but down 14% year-over-year. GAAP net income was $4.8 million or $0.09 per diluted share, while non-GAAP net income was $15.9 million or $0.28 per diluted share. The company expects Q3 2024 revenues of $115 million ±$5 million and improved gross margins.
Key highlights include the completion of Odyssey Semiconductor Technologies asset acquisition, stock repurchases of 164,000 shares for $11.3 million, and a dividend payment of $0.20 per share. Despite soft demand and visibility, POWI anticipates sequential growth in Q3 driven by lower distributor inventories and new design wins.
Power Integrations (Nasdaq: POWI) has announced the release of its second-quarter financial results for 2024, scheduled for August 6 after market hours. The company will host a conference call on the same day at 1:30 p.m. Pacific time to discuss the results. Investors can access a live and archived audio webcast of the call on the company's investor website. Additionally, a telephonic conference call option will be available for members of the investment community, accessible through a link that will be activated 30 minutes before the call starts. This link will be available on the investor website from 1:00 p.m. Pacific time on August 6.
Power Integrations (NASDAQ: POWI) has launched the BridgeSwitch-2 BLDC IC family, enhancing its hardware-software bundle for brushless DC motors (BLDC). The new ICs feature high- and low-side drivers, advanced FREDFETs, and deliver up to 99% inverter efficiency. The BridgeSwitch-2 family targets applications up to 1 HP (746 W) and reduces inverter sleep-mode consumption to less than 10 mW. It includes the MotorXpert software suite for speeding inverter development, and the IHB architecture that increases design flexibility and reliability while reducing component count and PCB space. The ICs also support emerging EU ERP regulations and offer robust built-in protections, eliminating the need for auxiliary power supplies. Pricing starts at $0.48 for 10,000-unit quantities.
Power Integrations (Nasdaq: POWI) has announced that it will present at two upcoming investor conferences. The first event is the TD Cowen 52nd Annual Technology, Media & Telecom Conference in New York on May 30 at 1:50 pm Eastern time. The second event is the Stifel Cross Sector Insight Conference in Boston on June 4 at 9:45 am Eastern time. Both presentations will be webcast live and accessible via the company's investor page at investors.power.com.
Power Integrations (NASDAQ: POWI) has launched the SCALE-iFlex™ XLT family of dual-channel plug-and-play gate drivers. These drivers are designed for 1.2 kV to 2.3 kV IGBT modules used in renewable energy installations such as wind, solar, and energy storage. The drivers enable active thermal management, improving system utilization by up to 30% and reducing hardware complexity. Using the SCALE-2 chip set, the new gate drivers minimize component count and enhance reliability. They also offer NTC temperature readout for accurate thermal management and protection against short-circuits. The SCALE-iFlex XLT drivers are available for sampling now.
Power Integrations (NASDAQ: POWI) reported quarterly revenues of $91.7 million, with GAAP earnings of $0.07 per diluted share and non-GAAP earnings of $0.18 per diluted share. Revenues were up 2% from the prior quarter but down 14% from the first quarter of 2023. The company's GAAP net income for the first quarter was $4.0 million. Power Integrations provided a positive outlook for the second quarter, expecting higher revenues and increased gross margin, driven by improved orders and efficiency enhancements in their power-conversion technology.
Power Integrations, a leader in high-voltage integrated circuits for energy-efficient power conversion, announced the acquisition of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, with all key Odyssey employees joining Power Integrations. This acquisition will support the development of Power Integrations' PowiGaN™ technology, enhancing their product families and expanding their voltage and power capabilities.
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