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Power Integrations Inc. (POWI) is a leading Silicon Valley-based supplier specializing in high-performance electronic components integral to high-voltage power-conversion systems. Founded in 1998, the company designs, develops, and markets analog and mixed-signal integrated circuits (ICs) and other essential electronic components. These products are pivotal in transforming electrical energy from high-voltage sources to the specific types of power required by various downstream devices.
Power Integrations' components are renowned for their application in an extensive array of electronic products, including mobile devices, TVs, personal computers, appliances, smart utility meters, and LED lights. Additionally, their SCALE™ IGBT drivers significantly enhance the efficiency, reliability, and cost-effectiveness of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles, and high-voltage DC transmission.
One of the company's standout innovations is the EcoSmart® energy-efficiency technology. Since its debut, this technology has been instrumental in preventing billions of dollars' worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of their products, Power Integrations' stock is proudly included in clean-technology stock indices sponsored by CleanTech Group LLC and Clean Edge.
Geographically, the firm generates the majority of its revenue from China and Hong Kong, emphasizing its global footprint and the extensive reach of its cutting-edge products. Power Integrations continues to drive advancements in energy efficiency and power conversion, solidifying its position as a key player in the electronics industry.
For the latest updates and developments regarding Power Integrations, visit our news section to stay informed about the company's performance, new projects, and other relevant information.
Power Integrations (Nasdaq: POWI) reported a strong fourth quarter for 2020 with net revenues of $150.7 million, a 32% increase year-over-year. Net income for the quarter was $27.3 million, or $0.45 per diluted share. Full-year revenues rose 16% to $488.3 million, with net income of $71.2 million. The company anticipates flat revenue for Q1 2021, with expected GAAP gross margin around 48% and non-GAAP gross margin at approximately 49%. A quarterly dividend has been increased to $0.13 per share.
Power Integrations (Nasdaq: POWI) has appointed Sunny Gupta as the new vice president of operations, taking over from Raja Petrakian, who served since 2015. Gupta brings over 25 years of semiconductor industry experience, having previously held operations positions at Renesas Corporation and Intersil Corporation. CEO Balu Balakrishnan praised Gupta's expertise in supply chains and quality processes, while thanking Petrakian for his contributions to the company's growth.
Power Integrations (Nasdaq: POWI) will disclose its fourth-quarter financial results on February 2, 2021, following market hours. A conference call is scheduled for the same day at 1:30 p.m. Pacific time, where analysts and investors can get insights into the firm's performance. Interested parties can register for the call, and both live and archived audio webcasts will be accessible on the company’s website. Power Integrations specializes in semiconductor technologies that support clean energy initiatives.
Power Integrations (Nasdaq: POWI) has announced that CEO Balu Balakrishnan and CFO Sandeep Nayyar will participate in a virtual fireside chat at the Wells Fargo TMT Summit. The event is scheduled for December 1 at 2:20 p.m. Pacific Time. Investors can access a live webcast of this discussion through the company’s investor relations page at investors.power.com.
Power Integrations is renowned for its semiconductor technologies that support high-voltage power conversion, playing a crucial role in the clean energy sector.
Power Integrations (Nasdaq: POWI) reported Q3 2020 net revenues of $121.1 million, reflecting a 13% increase from Q2 and a 6% rise year-over-year. Net income was $14.8 million or $0.24 per diluted share, up from $0.22 in Q2 but down from $0.29 a year earlier. Non-GAAP net income was $24.2 million or $0.40 per diluted share. The company anticipates Q4 revenues of $130 million plus or minus $5 million with expected gross margins of 49% GAAP and 50% non-GAAP. A cash dividend of $0.11 per share will be paid on December 31, 2020.
Power Integrations (Nasdaq: POWI) has unveiled the MinE-CAP™ IC, designed for high power density AC-DC converters. This new component reduces the size of high-voltage bulk electrolytic capacitors by 40%, enabling smaller adapters. The MinE-CAP IC minimizes in-rush current, enhancing system efficiency and reducing heat. Housed in a compact MinSOP-16A package, it integrates seamlessly with Power Integrations' InnoSwitch™ family of ICs. The launch responds to market demands for smaller, efficient chargers and is priced at $1.75 for 10 Ku, with immediate availability.
Power Integrations (Nasdaq: POWI) has announced that its InnoSwitch IC shipments have surpassed one billion units since its launch in 2014. This milestone highlights the success of Power Integrations' FluxLink communication technology, which offers enhanced energy efficiency. The InnoSwitch family, including the InnoSwitch3 series, serves various applications such as USB PD chargers and industrial devices, promoting performance while minimizing energy consumption. The company emphasizes its commitment to sustainable power solutions and compliance with international efficiency standards.
Power Integrations, a leader in high-performance power conversion components, focuses on energy-efficient AC-DC power supplies for a range of applications including smartphones and electric vehicles. The company is known for its EcoSmart technology, which has significantly reduced energy waste and carbon emissions. Power Integrations produces critical components for renewable energy systems and is included in clean-technology stock indices. With headquarters in San Jose, CA, their commitment to sustainability underscores their market strategy and operational goals.
Power Integrations (Nasdaq: POWI) will announce its third-quarter financial results on October 29, 2020, after market hours. A conference call is scheduled for the same day at 1:30 p.m. Pacific time, with registration available through the company's website. Power Integrations specializes in semiconductor technologies essential for high-voltage power conversion, contributing significantly to renewable energy generation and efficient power management.
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