POWI Power Integrations Inc.

Power Integrations to Release Second-Quarter Financial Results on August 6

Power Integrations (Nasdaq: ) will release its second-quarter financial results after market hours on Tuesday, August 6, 2024, and will host a conference call that day beginning at 1:30 p.m. Pacific time. A live and archived audio webcast of the conference call will be available on the company’s investor website at .

Members of the investment community can join the telephonic conference call by clicking , which will be activated 30 minutes prior to the start of the call. Users will be prompted to enter a phone number and will then receive a call connecting them to the live conference call. The link will be accessible from the company’s investor website beginning at 1:00 p.m. Pacific time on August 6.

About Power Integrations

is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts. For more information please visit .

Power Integrations and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.

EN
15/07/2024

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SAN JOSE, Calif.--(BUSINESS WIRE)-- Power Integrations (NASDAQ: ) 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. In addition to its GAAP results,...

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SAN JOSE, Calif.--(BUSINESS WIRE)-- Power Integrations (Nasdaq: ), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that Balu Balakrishnan, the company’s CEO since 2002, will retire from that role once a successor is in place. The company’s board of directors has retained an executive search firm to assist in identifying its next CEO; both internal and external candidates will be considered. Mr. Balakrishnan, 70, intends to serve as executive chairman of the company’s board for as long as is needed to ensure a smooth transition to his succes...

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SAN JOSE, Calif.--(BUSINESS WIRE)-- Power Integrations (Nasdaq: ), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that Gregg Lowe will join the company’s board of directors on February 15, 2025. From 2017 until 2024 Mr. Lowe was CEO of Wolfspeed, Inc., where he led the company’s transition to a pure-play manufacturer of silicon-carbide solutions for high-power applications. Previously, he was CEO of Freescale Semiconductor from 2012 until its 2015 merger with NXP Semiconductors. Earlier, he had a 27-year career at Texas Instruments, serv...

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