The earnings call reflected a positive outlook with significant advancements in GaN technology and strategic growth in industrial and automotive markets. However, there were challenges in the consumer segment due to a soft demand environment and market weaknesses in China.

Company Guidance

In the third quarter of 2024, Power Integrations reported a 9% sequential increase in revenues, reaching $116 million, with a non-GAAP gross margin of 55.1% and earnings of $0.40 per share. Looking ahead, the company projects fourth-quarter revenues to be around $105 million, plus or minus $5 million, reflecting a soft demand environment in the appliance market, which constitutes nearly 40% of sales. Despite this, they anticipate a 17% year-over-year growth at the midpoint of their Q4 forecast. The industrial sector, expected to have the strongest growth in 2025, currently leads in high-voltage DC transmission projects. Power Integrations' GaN products are forecasted to drive significant growth, contributing over 10% of sales by 2025, with the company on track to capitalize on opportunities in high-power applications and new design wins across various sectors. The company also announced a 5% dividend increase and a $50 million share repurchase authorization, indicating strong confidence in its financial health and future growth prospects.

Sequential Revenue Growth

Revenues increased by 9% sequentially to $116 million, with non-GAAP gross margin at 55.1% and non-GAAP earnings at $0.40 per share.

Industrial and Communications Segment Performance

Industrial revenues grew mid-teens sequentially, and the communications category was up 20% sequentially, driven mainly by the ramp of the 5G fixed wireless business in India.

GaN Technology Advances

Introduction of a new version of InnoMux 2 featuring a 1,700-volt GaN switch, marking a milestone in their technology roadmap.

Automotive Market Milestone

Became an approved vendor at the world's largest Tier 1 automotive supplier, with key developments at two American EV customers involving new GaN products.

Dividend Increase and Share Repurchase

A 5% dividend increase was declared, and $50 million was authorized for share repurchases, indicating confidence in the company's financial health.

---

Power Integrations (POWI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

POWI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 0.37	0.345	7.25% (+0.03)	―	―
Oct 25, 2018	2018 (Q3)	- / 0.39	0.39	-1.28% (>-0.01)	―	―
Feb 07, 2019	2018 (Q4)	- / 0.27	0.37	-27.03% (-0.10)	―	―
Apr 25, 2019	2019 (Q1)	- / 0.20	0.335	-38.81% (-0.13)	―	―
Jul 25, 2019	2019 (Q2)	- / 0.28	0.37	-24.32% (-0.09)	―	―
Oct 24, 2019	2019 (Q3)	- / 0.39	0.385	1.30% (<+0.01)	―	―
Jan 30, 2020	2019 (Q4)	- / 2.80	0.27	937.04% (+2.53)	―	―
May 07, 2020	2020 (Q1)	- / 0.38	0.205	85.37% (+0.18)	―	―
Jul 30, 2020	2020 (Q2)	- / 0.33	0.28	17.86% (+0.05)	―	―
Oct 29, 2020	2020 (Q3)	- / 0.40	0.39	2.56% (+0.01)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

POWI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$66.21	$65.17	-1.57%
Aug 06, 2024	$63.87	$59.41	-6.98%
May 07, 2024	$69.55	$75.95	+9.20%
Feb 08, 2024	$77.38	$80.59	+4.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---