NASDAQ$POWI

Power Integrations · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Power Integrations' Q4 2020 earnings increased due to broad-based demand and double-digit growth in all four major end-market categories.

Power Integrations reported Q4 2020 revenues of $150.7 million, a 32% increase year-over-year. GAAP earnings per diluted share were $0.45, and non-GAAP earnings per diluted share were $0.60. The company's board of directors has increased the quarterly dividend to $0.13 per share.

  • Q4 revenues increased 32% year-over-year to $150.7 million.
  • GAAP earnings were $0.45 per diluted share.
  • Non-GAAP earnings were $0.60 per diluted share.
  • Quarterly dividend increased by 18% to $0.13 per share.

Headline financials

Total Revenue

$151M

Previous: $114M+31.7%
EPS (adj)

$0.60

Previous: $0.41+46.3%
Industrial Revenue Mix

26.0%

Previous: 30.0%-13.3%
Computer Revenue Mix

9.0%

Previous: 6.0%+50.0%
Consumer Revenue Mix

31.0%

Previous: 35.0%-11.4%
Capital Expenditures

$34.9M

Previous: $9.79M+256.1%
Free Cash Flow

$11.5M

Previous: $172M-93.3%
Net Income

$27.3M

Previous: $158M-82.8%
Operating Income

$27.7M

Previous: $184M-84.9%
Gross Profit

$74M

Previous: $58.2M+27.1%
Cash & Equivalents

$259M

Previous: $179M+44.9%
Total Assets

$903M

Previous: $804M+12.4%
Stock-Based Comp

$8.86M

Previous: $8.34M+6.3%

Revenue & EPS history

Power Integrations · Revenue · Quarterly

$151M

Q4 2020+31.7%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Power Integrations · $151M total across 4 segments · Q4 2020

  • Communications
    $51.2M+54.3%
  • Consumer
    $46.7M+16.6%
  • Industrial
    $39.2M+14.1%
  • Computer
    $13.6M+97.5%

Forward guidance

Revenues are expected to be flat compared to the fourth quarter of 2020, plus or minus five percent. GAAP gross margin is expected to be approximately 48 percent, and non-GAAP gross margin is expected to be approximately 49 percent. GAAP operating expenses are expected to be approximately $44.5 million; non-GAAP operating expenses are expected to be approximately $37.5 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 Q4 2020

Historical avgQ4 2020

+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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