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).
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.
Power Integrations (NASDAQ: POwi) announced the appointment of Ravi Vig to its board of directors, effective April 1, 2023. Mr. Vig, who previously served as president and CEO of Allegro Microsystems, brings extensive experience in the automotive and industrial markets. He has held various leadership roles and contributed to Allegro's successful IPO in 2020. With over 60 patents in semiconductor design, his expertise is expected to strengthen Power Integrations' focus on high-voltage products for electric vehicles. Chairman William L. George expressed enthusiasm for Mr. Vig's valuable contributions amidst industry growth.
Power Integrations (POWI) will release its fourth-quarter financial results after market hours on February 6, 2023. A conference call will be held at 1:30 p.m. Pacific time on the same day to discuss the results. Investors can register for the call via a provided link, and audio webcasts will be available on the company's website.
Power Integrations is a leader in semiconductor technologies for high-voltage power conversion, playing a critical role in the clean power ecosystem.
Power Integrations (NASDAQ: POwi) announced the appointment of Nancy L. Gioia to its board of directors, effective January 1, 2023. Gioia has over 33 years of experience at Ford Motor Company, culminating in her role as director of global electrification. Her extensive background in automotive product development and electrification will be instrumental as Power Integrations enhances its strategy in the automotive sector. The company's chairman, William L. George, expressed enthusiasm for Gioia's appointment, highlighting her valuable insights into the automotive industry.
Power Integrations (POWI) has received the Great Place to Work Certification™, reflecting high employee satisfaction. A survey revealed that 82% of employees view the company as a great workplace, significantly surpassing the U.S. average. Furthermore, 90% of staff expressed pride in the company's achievements. The certification underscores Power Integrations' commitment to fostering innovation and a positive working environment, as highlighted by CEO Balu Balakrishnan. The company continues to expand job opportunities across North America, Europe, and Asia.
Power Integrations (NASDAQ: POI) announces that CFO Sandeep Nayyar will present at two investor conferences: the Credit Suisse Technology Conference on November 30, 2022, at 3:45 p.m. MT, in Scottsdale, AZ, and the Wells Fargo TMT Summit on December 1, 2022, at 9:20 a.m. PT, in Las Vegas. The live and archived webcasts of the presentations will be available on the company’s investor page at investors.power.com.
Power Integrations (NASDAQ: POwi) has launched the InnoSwitch4-Pro family of flyback ICs designed for energy-efficient power adapters. These devices achieve over 95% efficiency and can handle up to 220 W, allowing for compact design in USB PD and Universal Fast Charging Specification adapters. The technology uses a PowiGaN gallium-nitride primary switch and minimizes component count and PCB area. This innovation promises improved thermal management, reduced heat sink requirements, and simplified manufacturing for highly efficient power supplies.
Power Integrations (NASDAQ: POWI) reported Q3 revenues of $160.2 million, a 13% decrease quarter-over-quarter and a 9% decline year-over-year. GAAP earnings fell to $0.80 per diluted share, down from $0.96 in Q2 2022 and $0.69 in Q3 2021. Non-GAAP earnings were $0.84 per diluted share. The company authorized a $100 million stock repurchase program, signaling confidence in long-term growth despite a muted near-term revenue outlook due to weakened demand, particularly in consumer applications.