{"id":810096,"date":"2025-02-06T16:04:10","date_gmt":"2025-02-06T21:04:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/power-integrations-reports-fourth-quarter-and-full-year-financial-results-4\/"},"modified":"2025-02-06T16:04:10","modified_gmt":"2025-02-06T21:04:10","slug":"power-integrations-reports-fourth-quarter-and-full-year-financial-results-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/power-integrations-reports-fourth-quarter-and-full-year-financial-results-4\/","title":{"rendered":"Power Integrations Reports Fourth-Quarter and Full-Year Financial Results"},"content":{"rendered":"

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Power Integrations Reports Fourth-Quarter and Full-Year Financial Results<\/b><\/p>\n

Quarterly revenues increased 18 percent year-over-year to $105.2 million; GAAP earnings were $0.16 per diluted share; non-GAAP earnings were $0.30 per diluted share<\/i><\/p>\n

SAN JOSE, Calif.–(BUSINESS WIRE<\/a>)–
\nPower Integrations (NASDAQ: POWI<\/a>) today announced financial results for the quarter and year ended December 31, 2024. Net revenues for the fourth quarter were $105.2 million, down nine percent from the prior quarter and up 18 percent from the fourth quarter of 2023. GAAP net income for the fourth quarter was $9.1 million or $0.16 per diluted share compared to $0.25 per diluted share in the prior quarter and $0.25 per diluted share in the fourth quarter of 2023. Cash flow from operations for the fourth quarter was $14.7 million.<\/p>\n

\nIn addition to its GAAP results, the company provided non-GAAP measures that exclude stock-based compensation, amortization of acquisition-related intangible assets and the related tax effects. Non-GAAP net income for the fourth quarter of 2024 was $17.2 million or $0.30 per diluted share compared to $0.40 per diluted share in the prior quarter and $0.22 per diluted share in the fourth quarter of 2023. A reconciliation of GAAP to non-GAAP financial results is included with the tables accompanying this press release.<\/p>\n

\nFor the full year, net revenues were $419.0 million, compared to $444.5 million in the prior year. Full-year GAAP net income was $32.2 million or $0.56 per diluted share, compared to $0.97 per diluted share in the prior year. Non-GAAP net income was $1.16 per diluted share, compared to $1.29 per diluted share in the prior year. Cash flow from operations for the full year was $81.2 million.<\/p>\n

\nCommented Balu Balakrishnan, chairman and CEO of Power Integrations: \u201cFourth-quarter revenues were up 18 percent year-over-year, and we expect another double-digit increase in the first quarter. While the demand outlook is cloudy, especially in light of uncertainty around trade policy, we expect growth in a variety of end-markets in 2025, including renewable energy, high-voltage DC transmission, metering, automotive, appliances and more. Products featuring our proprietary PowiGaN\u2122 technology should contribute significant growth this year as adoption accelerates across a broad set of high-voltage power-conversion applications.\u201d<\/p>\n

Additional Highlights<\/b><\/p>\n