NASDAQ$POWI

Power Integrations · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Power Integrations' first-quarter results were announced, showing revenue increase and strong demand.

Power Integrations reported a strong first quarter with revenues up 58% year-over-year to $173.7 million. GAAP earnings per diluted share were $0.65, and non-GAAP earnings per diluted share were $0.76. The company's board increased the share-repurchase authorization by $50 million.

  • Revenues increased 58 percent year-over-year to $173.7 million.
  • GAAP earnings were $0.65 per diluted share.
  • Non-GAAP earnings were $0.76 per diluted share.
  • Share-repurchase authorization increased by $50 million.

Headline financials

Total Revenue

$174M

Previous: $110M+58.4%
EPS (adj)

$0.76

Previous: $0.38+100.0%
Industrial Revenue Mix

25.0%

Previous: 33.0%-24.2%
Computer Revenue Mix

8.0%

Previous: 4.0%+100.0%
Consumer Revenue Mix

29.0%

Previous: 41.0%-29.3%
Capital Expenditures

-$11.1M

Previous: -$11.6M+4.8%
Free Cash Flow

$28.7M

Previous: $4.28M+571.2%
Net Income

$39.8M

Previous: $15.9M+150.5%
Operating Income

$40.2M

Previous: $15.1M+166.2%
Gross Profit

$84.4M

Previous: $56.5M+49.5%
Cash & Equivalents

$343M

Previous: $190M+80.2%
Total Assets

$945M

Previous: $827M+14.2%
Stock-Based Comp

$8.48M

Previous: $6.71M+26.4%

Revenue & EPS history

Power Integrations · Revenue · Quarterly

$174M

Q1 2021+58.4%vs Q1 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Power Integrations · $174M total across 4 segments · Q1 2021

  • Communications
    $66M+173.6%
  • Consumer
    $50.4M+12.1%
  • Industrial
    $43.4M+20.0%
  • Computer
    $13.9M+216.8%

Forward guidance

The company expects revenues to be flat compared to the first quarter of 2021, plus or minus five percent. GAAP gross margin is expected to be between 49.5 and 50 percent, and non-GAAP gross margin is expected to be between 50 and 50.5 percent. GAAP operating expenses are expected to be approximately $47.5 million; non-GAAP operating expenses are expected to be approximately $38.5 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.7%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+1.8%

Avg return

30 days after

50%

34 / 68 earnings

Positive

+17.6%

Q2 2021

Best reaction

-20.5%

Q1 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.6%-1.0%+7.2%
Q4 2025+0.3%+2.3%-2.4%
Q3 2025-7.8%-10.6%-7.8%
Q1 2025-6.0%-8.5%-2.4%
Q4 2024-1.8%-2.7%+3.3%
Q3 2024+1.2%+0.7%-2.2%
Q2 2024-7.6%-6.7%-7.7%
Q1 2024+10.0%+8.2%+8.5%
Q4 2023+8.5%-3.9%-1.6%
Q3 2023-7.1%-3.0%+4.1%
Q2 2023-7.6%-7.0%-6.4%
Q1 2023+6.1%+5.2%+18.9%
Q4 2022-3.8%-7.7%-7.0%
Q3 2022-8.1%+3.0%+17.0%
Q2 2022-2.0%-8.4%-17.9%
Q1 2022+0.5%+5.1%+6.7%
Q4 2021+2.5%+6.7%+6.5%
Q3 2021+4.1%+3.1%+3.2%
Q2 2021+17.6%+17.9%+31.5%
Q1 2021-1.1%-6.6%-1.9%
Q4 2020-2.1%+1.9%-1.9%
Q3 2020+8.4%+10.4%+28.0%
Q2 2020-0.9%-1.1%-8.2%
Q1 2020+4.8%+2.7%+16.7%
Q4 2019-0.2%+3.1%-11.1%
Q3 2019+8.7%+8.9%+5.5%
Q2 2019+5.8%+3.4%-5.9%
Q1 2019-3.7%-1.2%-15.6%
Q4 2018+2.3%+0.5%+0.3%
Q3 2018-5.8%+2.9%+11.4%
Q2 2018-5.1%-4.5%-2.9%
Q1 2018+1.9%+3.0%+12.5%
Q4 2017-9.6%-11.0%-8.9%
Q3 2017+14.4%+8.9%+10.8%
Q2 2017-6.3%-7.4%-8.9%
Q1 2017-1.8%-4.9%-0.4%
Q4 2016-8.9%-6.8%-11.8%
Q3 2016+0.6%-1.4%+7.5%
Q2 2016+1.2%-2.6%+3.9%
Q1 2016+3.2%
Q4 2015-2.3%
Q3 2015+9.0%
Q2 2015+1.1%
Q1 2015-2.4%
Q4 2014-3.8%
Q3 2014-2.1%
Q2 2014+8.7%
Q1 2014-20.5%
Q4 2013-2.7%
Q3 2013+9.9%
Q2 2013+7.7%
Q1 2013+7.2%
Q4 2012+14.8%
Q3 2012+5.6%
Q2 2012-5.1%
Q1 2012+9.6%
Q4 2011-3.1%
Q3 2011-0.4%
Q2 2011+2.3%
Q1 2010+1.3%
Q1 2011-2.3%
Q4 2008+0.3%
Q4 2010+0.3%
Q3 2010+6.5%
Q3 2009+6.5%
Q4 2009-0.5%
Q2 2010-0.5%
Q2 2009-0.5%

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