Power Integrations(POWI) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Power Integrations Reports Second-Quarter Financial Results Quarterly revenues were $106.2 million; GAAP earnings were $0.09 per diluted share; non-GAAP earnings were $0.28 per diluted share SAN JOSE, CALIF. – August 6, 2024 – Power Integrations (NASDAQ: POWI) today announced financial results for the quarter ended June 30, 2024. Net revenues for the second quarter were $106.2 million, up 16 percent from the prior quarter and down 14 percent from the second quarter of 2023. GAAP net income for ...