Welcome to our dedicated page for Power Integrations news (Ticker: POWI), a resource for investors and traders seeking the latest updates and insights on Power Integrations stock.
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 reported Q2 2022 revenues of $184 million, a 2% year-over-year increase. GAAP earnings reached $0.96 per diluted share, up from $0.68 in Q2 2021. Non-GAAP earnings increased 24% YoY to $1.03 per diluted share. Cash flow from operations was $66.8 million. Despite a weaker demand outlook due to challenges from Chinese smartphone customers and macroeconomic headwinds, the company plans to continue investing in long-term growth initiatives. They returned over $160 million to shareholders via buybacks and dividends.
Power Integrations (NASDAQ: POwi) launched new control software for three-phase BLDC motor drives, achieving over 98% efficiency while reducing PCB space by over 70%. This hardware-software solution requires only three components for current feedback, significantly simplifying designs compared to traditional approaches which need up to 30 components. The technology is tailored for residential and commercial applications like air conditioning and pumps. With MISRA C compliance and real-time adjustment capabilities, the new software enhances functionality and ease of use for engineers in motor drive development.
Power Integrations (POWI) is set to announce its second-quarter financial results on August 4, 2022, after market hours. A conference call will follow at 1:30 p.m. Pacific time. Investors can register for the call through their website. Power Integrations is recognized for its semiconductor technologies essential for renewable energy generation and power-efficient applications. This announcement is crucial for shareholders to assess the company’s performance in the second half of the year.
Power Integrations (NASDAQ:POWI) has introduced new control software for three-phase BLDC motor drives, achieving over 98.2% efficiency and reducing PCB space by 70%. This hardware-software solution uses the BridgeSwitch integrated half-bridge driver and the Motor-Expert configuration tool. The software allows real-time motor speed and torque adjustments and simplifies design by eliminating costly external components. The new solution is well-suited for various appliances, including air conditioner fans and refrigerator compressors, enhancing performance while minimizing complexity.
Power Integrations (NASDAQ: POWI) announced upcoming webcasts featuring company executives at major investor conferences. The Cowen Technology, Media & Telecom Conference is scheduled for June 2, 2022, at 2:10 p.m. ET, followed by the Stifel Cross-Sector Insight Conference on June 7, 2022, at 10:20 a.m. ET. Investors can access live and archived webcasts on the company’s investor page at investors.power.com. Power Integrations specializes in semiconductor technologies for high-voltage power-conversion and supports the clean-power ecosystem.
Power Integrations (NASDAQ: POWI) has introduced new high-voltage GaN switches that improve efficiency to 95%, enabling ultra-compact USB PD 3.1 adapters. The expanded InnoSwitch™4-CZ family supports adapters and chargers up to 220 W, enhancing design flexibility for power adapter manufacturers. A key feature is that the ICs minimize waste heat and can operate without bulky heatsinks. With a price starting at $3.07 for chipset components, the company aims to meet the growing demand for powerful charging solutions.
Power Integrations has launched the SCALE EV family of gate-driver boards for Infineon EconoDUAL modules, aimed at high-power automotive applications including electric vehicles and heavy machinery. The new drivers are ASIL B/C certified, enhancing safety in traction inverter designs. The first product, 2SP0215F2Q0C, supports 900 A 1200-volt IGBT modules and offers comprehensive protection features. Pricing starts at $200 for 100-piece quantities, with full production expected in Q4 2022.
Power Integrations (NASDAQ: POWI) reported Q1 2022 revenues of $182.1 million, a 5% year-over-year increase. GAAP earnings rose to $0.77 per diluted share, up from $0.65 in Q1 2021. Non-GAAP earnings reached $0.93 per diluted share, compared to $0.76 in the prior year. The company repurchased 1.6 million shares for $135 million and raised its buyback authorization by $75 million. For Q2 2022, POWI expects revenues of $190 million plus or minus $5 million.
Power Integrations (NASDAQ: POAI) will showcase its latest products for electric vehicles and industrial gate driver markets at PCIM Europe 2022 in Nuremberg, Germany from May 10-12, 2022. The exhibit hours are from 9:00 a.m. to 5:00 p.m. Power Integrations will hold panel sessions, including a presentation by CEO Balu Balakrishnan on May 11 and a talk by Senior Director Michael Hornkamp on May 12. Additionally, the company’s products will be featured at partner booths, including those of Infineon Technologies and Hitachi Europe Ltd.
Power Integrations (NASDAQ: POwi) will announce its first-quarter financial results after market hours on April 28, 2022, followed by a conference call at 1:30 p.m. Pacific Time. Investors can register for the call via a provided link. Power Integrations specializes in semiconductor technologies crucial for high-voltage power conversion, contributing to the renewable energy sector and efficient power consumption across various applications.
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