Power Integrations (POWI) Tops Q1 EPS by 8c, Slight Beat on Revenues; Offers 2Q Revenue Guidance
Power Integrations (NASDAQ: POWI) reported Q1 EPS of $0.67, $0.08 better than the analyst estimate of $0.59. Revenue for the quarter came in at $103.1 million versus the consensus estimate of $102.79 million.
Financial Outlook
The company issued the following forecast for the second quarter of 2018:
- Revenues are expected to be $109 million plus or minus $3 million.
- GAAP gross margin is expected to be approximately 51 percent; non-GAAP gross margin is expected to be approximately 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 approximately $41.5 million; non-GAAP operating expenses are expected to be approximately $35 million. (Non-GAAP expenses are expected to exclude approximately $6 million of stock-based compensation and $0.5 million of amortization of acquisition-related intangible assets.)
GUIDANCE:
Power Integrations sees Q2 2018 revenue of $109 million, versus the consensus of $109.33 million.
For earnings history and earnings-related data on Power Integrations (POWI) click here.