Power Integrations (POWI) Reports In-Line Q2 EPS, Offers Guidance

Power Integrations (NASDAQ: POWI) reported Q2 EPS of $0.47, in-line with the analyst estimate of $0.47. Revenue for the quarter came in at $85.3 million versus the consensus estimate of $88.95 million.

Fnancial Outlook

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

• Revenues are expected to be in a range of flat to seven percent higher compared with the second 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 approximately $30.5 million. (Excludes $3.8 million of stock-based compensation expenses and $0.7 million of amortization of acquisition-related intangible assets.) GAAP operating expenses are expected to be approximately $35 million

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

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