Power Integrations (POWI) Tops Q4 EPS by 7c; offers guidance

Power Integrations (NASDAQ: POWI) reported Q4 EPS of $0.22, $0.07 better than the analyst estimate of $0.15. Revenue for the quarter came in at $89.5 million versus the consensus estimate of $90.25 million.

GUIDANCE:

Power Integrations sees Q1 2024 revenue of $90 million plus or minus $5 million, versus the consensus of $94.948 million.
GAAP gross margin is expected to be approximately 51.5 percent; non-GAAP gross margin is expected to be approximately 52.5 percent. The difference between GAAP and non-GAAP gross margins is equally attributable to stock-based compensation and amortization of acquisition-related intangible assets.
GAAP operating expenses are expected to be approximately $49 million; non-GAAP operating expenses are expected to be approximately $42.5 million. Non-GAAP operating expenses are expected to exclude about $6.5 million of stock-based compensation.

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

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