Power Integrations (NASDAQ:POWI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$106.2m (down 14% from 2Q 2023).

• Net income: US$4.85m (down 67% from 2Q 2023).

• Profit margin: 4.6% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.085 (down from US$0.26 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Power Integrations Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 18% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Power Integrations that you should be aware of.

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