Power Integrations (POWI) Tops Q4 EPS by 2c

Power Integrations (NASDAQ: POWI) reported Q4 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $124.8 million versus the consensus estimate of $125.55 million.

GUIDANCE:

Power Integrations sees Q1 2023 revenue of $100-110 million, versus the consensus of $127 million.

• Revenues are expected to be $105 million plus or minus $5 million.
• GAAP gross margin is expected to be approximately 53 percent, and non-GAAP gross margin is expected to be approximately 53.5 percent. The difference between GAAP and non-GAAP gross margins is approximately equally attributable to stock-based compensation and amortization of acquisition-related intangible assets.
• GAAP operating expenses are expected to be between $49 million and $49.5 million; non-GAAP operating expenses are expected to be between $42 million and $42.5 million. Non-GAAP expenses are expected to exclude about $7 million of stock-based compensation.

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

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