Power Integrations Q3 net income swings to $18.32 million profit year over year
POWI•Power Integrations reported third-quarter GAAP net income of $18.3 million, compared with a loss a year earlier, as revenue rose 6% to $125.5 million. It expects fourth-quarter revenue of $118 million to $126 million and a GAAP operating margin of 10%–12%.
1. Quarterly results and outlook
Power Integrations swung to third-quarter GAAP net income of $18.3 million from a year-earlier loss. Revenue rose 6% year over year to $125.5 million, while cash flow from operations climbed 43% to $42.57 million. The company expects fourth-quarter revenue of $118 million to $126 million and a GAAP operating margin of 10%–12%.
