Financial Performance - Revenues for Q1 2025 were 105.5million,a1591.7 million in Q1 2024[1] - GAAP net income for Q1 2025 was 8.8million,or0.15 per diluted share, compared to 0.07perdilutedshareinQ12024[1][2]−Non−GAAPnetincomeforQ12025was17.9 million, or 0.31perdilutedshare,upfrom0.18 per diluted share in Q1 2024[2] - GAAP net income for Q1 2025 was 8,790,000,comparedto9,140,000 in Q4 2024 and 3,954,000inQ12024[15]−Non−GAAPnetincomeforQ12025increasedto17,859,000, up from 17,210,000inQ42024and10,492,000 in Q1 2024[15] - Non-GAAP net income per share (diluted) for Q1 2025 was 0.31,comparedto0.30 in Q4 2024 and 0.18inQ12024[15]CashFlowandAssets−CashflowfromoperationsforQ12025was26.4 million[1] - Net cash provided by operating activities for Q1 2025 was 26,386,000,significantlyhigherthan14,726,000 in Q4 2024[19] - Cash and cash equivalents at the end of Q1 2025 were 49,614,000,downfrom50,972,000 at the end of Q4 2024[19] - Total current assets decreased to 499,815,000inQ12025from514,039,000 in Q4 2024[17] - Total assets decreased to 814,400,000inQ12025from828,826,000 in Q4 2024[17] - Total stockholders' equity decreased to 735,815,000inQ12025from749,772,000 in Q4 2024[17] Shareholder Actions - The company repurchased 404 thousand shares for 23.1millionduringthequarter,withanadditional50 million share-repurchase authorization announced[4] - The company repurchased common stock worth 23,098,000inQ12025,comparedto1,902,000 in Q4 2024[19] - The company plans to pay a dividend of 0.21pershareonJune30,2025[4]FutureOutlook−TheforecastforQ22025anticipatesrevenuesof115 million, plus or minus 5million,withaGAAPgrossmarginofapproximately5556 million, while non-GAAP operating expenses are projected at approximately 46million[8]OperationalInsights−Thecompanyisfocusedontrendsdrivingdemandforhigh−voltagesemiconductortechnologies,includingenergyefficiencyandelectrification[3]−Stock−basedcompensationexpensesforQ12025totaled8.7 million, impacting both GAAP and non-GAAP results[13][14]
Power Integrations(POWI)2025-05-12 20:03