Power Integrations (POWI) Misses Q3 EPS by 1c, Guidance Misses

Power Integrations (NASDAQ: POWI) reported Q3 EPS of $0.46, $0.01 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $125.5 million versus the consensus estimate of $130.37 million.

GUIDANCE:

Power Integrations sees Q4 2023 revenue of $85-95 million, versus the consensus of $139 million.

• Gross margins are expected to be similar to the third-quarter levels.
• GAAP operating expenses are expected to be approximately $50 million; non-GAAP operating expenses are expected to be approximately $42.5 million. Non-GAAP expenses are expected to exclude about $7.5 million of stock-based compensation.

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

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