Power Integrations, Inc. (POWI) Misses Q1 EPS by 2c, Provides Outlook

Power Integrations, Inc. (NASDAQ: POWI) reported Q1 EPS of $0.43, $0.02 worse than the analyst estimate of $0.45. Revenue for the quarter came in at $82.6 million versus the consensus estimate of $84.55 million.

Financial Outlook

The company issued the following forecast for the second quarter of 2015:

• Revenues are expected to increase by five to ten percent compared to the first quarter.
• Non-GAAP gross margin is expected to be between 52.5 percent and 53 percent. (Excludes $0.3 million of stock-based compensation and $1 million of amortization of acquisition-related intangibles.) GAAP gross margin is expected to be between 51 percent and 51.5 percent.
• Non-GAAP operating expenses are expected to be between $31.5 million and $32 million. (Excludes approximately $4.3 million of stock-based compensation and $0.7 million of amortization of acquisition-related intangibles.) GAAP operating expenses are expected to be between $36.5 million and $37 million.

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

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