Power Integrations (POWI) Reports In-Line Q1 EPS

Power Integrations (NASDAQ: POWI) reported Q1 EPS of $0.41, in-line with the analyst estimate of $0.41. Revenue for the quarter came in at $89.2 million versus the consensus estimate of $90.1 million.

GUIDANCE:

Power Integrations sees Q2 2019 revenue of $100 million.

• Revenues are expected to be $100 million plus or minus $3 million.
• GAAP gross margin is expected to be between 50.5 percent and 51 percent. Non-GAAP gross margin is expected to be between 51.5 percent and 52 percent. (The difference between the expected GAAP and non-GAAP gross margins is composed of approximately 0.7 percentage points from amortization of acquisition-related intangible assets and 0.3 percentage points from stock-based compensation.)
• GAAP operating expenses are expected to be between $42.5 million and $43 million; non-GAAP operating expenses are expected to be between $36 million and $36.5 million. (Non-GAAP expenses are expected to exclude approximately $6.1 million of stock-based compensation and $0.4 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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