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 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).
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Power Integrations (NASDAQ: POWI) will announce its first-quarter financial results after market close on May 4, 2023. The company is set to conduct a conference call at 1:30 p.m. Pacific time the same day. Interested investors can register via the provided link, and both live and recorded audio webcasts will be accessible through the company's investor website.
Power Integrations is recognized for its advancements in semiconductor technologies targeted at high-voltage power conversion, contributing significantly to the clean power ecosystem and facilitating renewable energy generation.
Power Integrations (NASDAQ: POWI) has launched new 900-volt gallium-nitride (GaN) InnoSwitch ICs designed for industrial and automotive applications, targeting 100 watts and achieving over 93% efficiency. These ICs are essential for 400-volt EV systems, enhancing power delivery and operational safety. The PowiGaN technology eliminates the need for heat sinks and improves efficiency, making it compatible with existing models. Priced from $2.00 for 10,000 units, these devices fill the growing demand for electric vehicle components and industrial applications requiring increased safety and performance.
Power Integrations (NASDAQ: POWI) reported Q4 2022 revenues of $124.8 million, down 22% sequentially and 28% year-over-year. GAAP net income was $22.8 million or $0.40 per diluted share, compared to $0.80 the previous quarter. For the full year, revenues totaled $651.1 million, with net income up to $170.9 million or $2.93 per diluted share. The company repurchased 266,000 shares for $18.7 million in Q4, with $81.3 million remaining in its buyback authorization. Looking ahead, Q1 2023 revenues are forecasted at $105 million plus or minus $5 million.