Power Integrations (POWI) Tops Q2 EPS by 4c

Power Integrations (NASDAQ: POWI) reported Q2 EPS of $0.69, $0.04 better than the analyst estimate of $0.65. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $107.86 million.

GUIDANCE:

Power Integrations sees Q3 2017 revenue of $108-114 million, versus the consensus of $112.99 million.

The company issued the following forecast for the third quarter of 2017:

• Revenues are expected to be $111 million plus or minus $3 million.
• GAAP gross margin is expected to be approximately 49.3 percent; non-GAAP gross margin is expected to be approximately 50.5 percent. (The difference between the expected GAAP and non-GAAP gross margins is composed of approximately 0.9 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 $39.5 million; non-GAAP operating expenses are expected to be approximately $33 million. (Non-GAAP expenses are expected to exclude approximately $6 million of stock-based compensation expenses and $0.5 million of amortization of acquisition-related intangible assets.)

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

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