Q4 2024 Power Integrations Inc Earnings Call Transcript

Feb 6, 2025 / 09:30 PM GMT

Release Date Price: $60.75 (-2.80%)

Transcript 10-K8-K

Key Points

Positve

Power Integrations Inc (POWI) reported Q4 revenues of $105 million, up 18% year-over-year, aligning with guidance.
The company expects significant growth in the industrial category in 2025, driven by infrastructure projects and high-power business opportunities.
Power Integrations Inc (POWI) is making substantial progress in GaN technology, expecting it to exceed 10% of sales in Q4 2025.
The company is expanding its presence in India, winning significant shares in electric transportation, metering, and fixed wireless rollouts.
Power Integrations Inc (POWI) is building a strong customer base in the automotive industry, with expectations for rapid revenue growth starting in 2026.

Negative

Revenues for the full year were down 6% from the prior year, primarily due to a 60% decline in the communications category.
Consumer revenues were down mid-teens sequentially, reflecting continued softness in major appliances in the US, Europe, and China.
Inventory days rose to 315 at quarter-end, indicating inventory levels remain well above target.
The company faces uncertainties around trade policy and end-market demand, making forecasting beyond the current quarter challenging.
The impact of consumer stimulus programs in China has been modest, with finished goods inventory at Chinese OEMs remaining elevated.

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

POWI.OQ - Power Integrations Inc
Q4 2024 Power Integrations Inc Earnings Call
Feb 06, 2025 / 09:30PM 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 Integrations Q4 earnings call at this time. All lines are in listen-only mode. Following the presentation, we will conduct a question and answer session.

If at any time during this call, you require immediate assistance. Please press star zero for the operator. This call is being recorded on Thursday, February 6 2025.

I would now like to turn the conference over to Joe Schefler, Director of Investor Relations. Please go ahead.

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Unidentified_2 [2]
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Thank you.

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