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AI brief of an SEC Form 8-K · Power Integrations (POWI)

Power Integrations Q3 revenue $115.8 million, EPS $0.25; Q4 outlook $105 million

Mixed Impact 3 of 5 earnings Written later

Power Integrations reported third-quarter 2024 revenue of $115.8 million, up 9% from the prior quarter but down 8% from a year earlier, with GAAP diluted EPS of $0.25 versus $0.34 in the third quarter of 2023. For the fourth quarter, the company forecast revenue of $105 million plus or minus $5 million, below the third-quarter level, and also authorized a $50 million share repurchase and a 5% dividend increase.

Key points

  • Q3 2024 revenue $115.8 million: up 9% from Q2 2024 and down 8% from Q3 2023
  • GAAP diluted EPS $0.25 (Q3 2023: $0.34); non-GAAP diluted EPS $0.40 (Q3 2023: $0.46)
  • Q4 2024 forecast: revenue $105 million plus or minus $5 million; GAAP gross margin 54% to 54.5%
  • Board authorized $50 million in share repurchases with no expiration date; quarterly dividend rises to $0.21 per share from $0.20, payable December 31, 2024

The filing

CompanyPower Integrations (POWI)
Form8-K, current report
Filed with the SECNov 6, 2024, 4:07 PM ET
Accession number0000833640-24-000169

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 06, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.