Power Integrations (POWI) Tops Q2 EPS by 8c

Power Integrations (NASDAQ: POWI) reported Q2 EPS of $0.83, $0.08 better than the analyst estimate of $0.75. Revenue for the quarter came in at $180.1 million versus the consensus estimate of $174.13 million.

GUIDANCE:

• Revenues are expected to decrease by three percent compared to the second quarter of 2021, plus or minus five percent.
• GAAP gross margin is expected to be approximately 51 percent, and non-GAAP gross margin is expected to be approximately 51.5 percent. The difference between the expected GAAP and non-GAAP gross margins is approximately equally attributable to amortization of acquisition-related intangible assets and stock-based compensation.
• GAAP operating expenses are expected to be between $47.5 million and $48 million; non-GAAP operating expenses are expected to be between $38.5 million and $39 million. Non-GAAP expenses are expected to exclude approximately $8.8 million of stock-based compensation and $0.2 million of amortization of acquisition-related intangible assets.

For earnings history and earnings-related data on Power Integrations (POWI) click here.

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