Power Integrations Inc - POWI STOCK NEWS

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.

Power Integrations (NASDAQ: POWI) has launched a new feature in its PI Expert™ design tool that automates the creation of planar transformer designs, complete with detailed manufacturing documentation, in just five minutes. This tool supports the entire InnoSwitch™3 flyback switcher IC family and offers features such as customizable core geometries and safety isolation standards compliance. The upgrade aims to enhance design efficiency for engineers working on low-profile flyback power supplies.

Power Integrations (NASDAQ:POWI) will announce its third-quarter financial results on November 2, 2022, after market hours. A conference call will follow at 1:30 p.m. Pacific time. Interested investors can register for the call online. Power Integrations is recognized for its innovative semiconductor technologies, playing a crucial role in high-voltage power conversion and the renewable energy sector. The company's products facilitate efficient power generation and consumption across various applications.

Power Integrations (NASDAQ: POwi) has launched PowerPros℠, a live video tech support service available 24/7, for power-supply designers globally. This service allows direct communication with application engineers to tackle real engineering challenges, including design and debugging. Rated 4.4 stars by users, 93% of queries are resolved within 72 hours. The initiative, initially piloted during the pandemic, has expanded significantly, featuring enhanced support for various applications, including industrial and consumer tech.

Power Integrations (NASDAQ:POWI) will host its Analyst Day event on September 8, 2022, in New York City. This event will showcase the company's growth strategy in high-voltage power semiconductors, focusing on their gallium-nitride technology and opportunities in electric vehicles, renewable energy, and motor drives. Prior to the event, Power Integrations will ring the NASDAQ Opening Bell on September 7, 2022, celebrating its 25th anniversary as a public company. For attendance details, visit the company's Investor Relations website.

Power Integrations (POWI), a leader in semiconductor technologies for high-voltage power-conversion, announced that CFO Sandeep Nayyar will join a fireside chat at the Deutsche Bank Technology Conference on August 31, 2022, at 4:30 p.m. Pacific Time. The event will be streamed live on the company’s investor page, providing insights into Power Integrations' role in the clean-power ecosystem and its innovative products that support renewable energy generation and efficient power consumption.

Power Integrations (NASDAQ: POWI) has launched the LinkSwitch™-TN2Q, a new automotive switcher IC supporting input voltages of 30-550 VDC. The IC offers up to 850 mA output current, enhancing efficiency without metal heatsinking. This new product boasts an increase of 230% in output current compared to previous models, catering to the growing power needs of electric vehicle electronics. The AEC-Q100 qualified ICs integrate multiple functionalities, promoting compact designs while ensuring comprehensive protection against over-voltage and thermal faults.