2023-05-04 16:07:31 ET
- Power Integrations press release ( NASDAQ: POWI ): Q1 Non-GAAP EPS of $0.25 beats by $0.01 .
- Revenue of $106.3M (-41.6% Y/Y) beats by $0.87M .
-
The company issued the following forecast for the second quarter of 2023:
-
Revenues are expected to be $122 million plus or minus $5 million.
-
GAAP gross margin is expected to be approximately 51.5 percent, and non-GAAP gross margin is expected to be approximately 52 percent. The difference between GAAP and non-GAAP gross margins is approximately equally attributable to stock-based compensation and amortization of acquisition-related intangible assets.
-
GAAP operating expenses are expected to be approximately $52.5 million; non-GAAP operating expenses are expected to be approximately $44.5 million. Non-GAAP expenses are expected to exclude about $8 million of stock-based compensation.
For further details see:
Power Integrations Non-GAAP EPS of $0.25 beats by $0.01, revenue of $106.3M beats by $0.87M