Power Integrations (POWI) Misses Q4 EPS by 10c, provides outlook

Power Integrations (NASDAQ: POWI) reported Q4 EPS of $0.30, $0.10 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $105.25 million versus the consensus estimate of $119.74 million.

Financial Outlook

The company issued the following forecast for the first quarter of 2025:

Revenues are expected to be flat compared to the fourth quarter of 2024, plus or minus five percent.
GAAP gross margin is expected to be between 55 percent and 55.5 percent, and non-GAAP gross margin is expected to be between 55.5 percent and 56 percent. The difference between GAAP and non-GAAP is primarily attributable to stock-based compensation, with a smaller impact from amortization of acquisition-related intangible assets.
GAAP operating expenses are expected to be approximately $54 million; non-GAAP operating expenses are expected to be approximately $45 million. Non-GAAP operating expenses are expected to exclude approximately $9 million of stock-based compensation.

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

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