POWER INTEGRATIONS Reports Earnings Results for 2nd Quarter of Fiscal Year 2023
August 7, 2023
🌥️Earnings Overview
POWER INTEGRATIONS ($NASDAQ:POWI) reported its earnings for the second quarter of fiscal year 2023, which ended on June 30 2023, with total revenue of USD 123.2 million, a decrease of 33.0% compared to the same period in 2023. Net income was USD 14.8 million, a decrease of 73.5% compared to the same time last year.
Share Price
Stock opened at $90.1 and closed at $90.0 which was a 1.4% decrease from the prior closing price of 91.2. The company reported a fourth consecutive quarter of revenue growth as well as continued strong demand for its products and services. The company is confident that it will continue to grow in the coming quarters as it continues to expand its product and services offerings worldwide. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Power Integrations. More…
| Total Revenues | Net Income | Net Margin |
| 514.52 | 90.45 | 17.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Power Integrations. More…
| Operations | Investing | Financing |
| 96.69 | -19.12 | -60.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Power Integrations. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 859.46 | 91.53 | 13.39 |
Key Ratios Snapshot
Some of the financial key ratios for Power Integrations are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.9% | 13.4% | 17.0% |
| FCF Margin | ROE | ROA |
| 15.2% | 7.2% | 6.4% |
Analysis
At GoodWhale, we have conducted an extensive analysis of POWER INTEGRATIONS’s fundamentals, and based on our Risk Rating, we have determined that POWER INTEGRATIONS is a medium risk investment in terms of both financial and business aspects. Our risk rating system takes into account a variety of different factors, including income sheet, balance sheet, and non financial risks. During our analysis, we have detected 3 risk warnings associated with this particular company. If you would like to know more about the specific risk warnings associated with POWER INTEGRATIONS, please register on GoodWhale.com. We offer detailed insights into various companies and their associated risks, so that you can make an informed investment decision. More…
Peers
The company’s products are used in a variety of end applications, including AC-DC power supplies,DC-DC converters, LED drivers, motor controllers and drivers, and telecom and datacom power supplies. Power Integrations Inc’s competitors include Alpha & Omega Semiconductor Ltd, MACOM Technology Solutions Holdings Inc, Sequans Communications SA.
– Alpha & Omega Semiconductor Ltd ($NASDAQ:AOSL)
Alpha & Omega Semiconductor Ltd is a power semiconductor company. The company designs, develops, and manufactures a range of power semiconductors. Its product portfolio includes power MOSFETs, IGBTs, and power integrated circuits. The company’s products are used in a variety of end-markets, including automotive, industrial, consumer, and computing.
Alpha & Omega Semiconductor Ltd has a market cap of 878.49M as of 2022, a Return on Equity of 37.11%. The company’s strong market position and financial performance are underpinned by its diversified product portfolio and customer base. Alpha & Omega Semiconductor Ltd is well-positioned to capitalize on the growing demand for power semiconductors.
– MACOM Technology Solutions Holdings Inc ($NASDAQ:MTSI)
As of 2022, MACOM Technology Solutions Holdings Inc has a market cap of 3.84B and a Return on Equity of 39.45%. The company is a leading provider of semiconductor solutions.
– Sequans Communications SA ($NYSE:SQNS)
Squans Communications SA is a French company that provides wireless broadband access solutions. The company has a market cap of 173.46M as of 2022 and a Return on Equity of -31.27%. The company’s products are used in a variety of applications, including fixed wireless access, mobile backhaul, maritime, oil and gas, and security and surveillance.
Summary
Investors should be cautious when considering investing in POWER INTEGRATIONS given the decrease in revenue and net income for the second quarter of fiscal year 2023 compared to the same period last year. Revenue decreased by 33.0% to USD 123.2 million, while net income decreased by 73.5%, down to USD 14.8 million. It is likely that investors will be wary of investing in POWER INTEGRATIONS until its financial performance improves.
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