Q1 2025 Power Integrations Inc Earnings Call Transcript

May 12, 2025 / 08:30 PM GMT

Release Date Price: €48.8 (+6.55%)

Transcript 10-Q8-K

Key Points

Positve

Power Integrations Inc (POWI) reported Q1 revenues of $106 million, up 15% year over year, with strong performance in consumer and computer categories.
The company achieved a non-GAAP EPS of $0.31, with gross margins at the top end of the guidance range.
Industrial revenues grew 7% year over year, with expectations for it to be the fastest-growing market this year, driven by high-powered design wins in high voltage DC transmission, renewables, and locomotives.
Power Integrations Inc (POWI) is expanding its automotive customer base beyond China, with new design wins in Japan and Europe, and expects significant growth in this segment.
The company has a strong balance sheet, allowing for share repurchases during market volatility, with $48 million spent on buybacks year-to-date, reducing outstanding shares by nearly 2%.

Negative

The consumer segment experienced some frontloading of appliance shipments to the US from Asia ahead of tariffs, which may lead to a below-seasonal outlook for Q2.
Industrial revenues saw a sequential decrease of 3% due to more pronounced seasonality in tools and home automation, and timing delays in high-volume programs.
Inventories on the balance sheet remain elevated at 326 days, with expectations for tapering down only in the second half of the year.
Non-GAAP gross margin is expected to slightly decline in Q2 due to a less favorable end-market mix and higher input costs.
The outlook for the second half of the year is highly dependent on trade policy, with potential impacts from tariffs posing a risk to demand.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

POWI.OQ - Power Integrations Inc
Q1 2025 Power Integrations Inc Earnings Call
May 12, 2025 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, ladies and gentlemen, and welcome to the Power integration Inc first quarter earnings call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call require immediate assistance, please press 0 for the operator.

I would now like to turn a conference call over to Joe Schiffler, director of investor relations. Please go ahead.

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Unidentified_2 [2]
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Thank you, Jenny.

Good afternoon, everyone. Thanks for joining us. With

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