Power Integrations Inc - POWI STOCK NEWS

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.

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.