Power Integrations reports Q1 EPS 31c, consensus 28c

Reports Q1 revenue $105.5M, consensus $105.4M. Commented Balu Balakrishnan, chairman and CEO of Power Integrations (POWI): “While trade policy adds uncertainty to the second-half outlook, order trends have remained steady, channel inventories are at normal levels, and we expect healthy sequential growth in the second quarter. We are utilizing our strong balance sheet to buy back shares amidst market volatility, while remaining focused on big-picture trends driving demand for innovative high-voltage semiconductor technologies, such as energy efficiency, AI, electrification, and a cleaner, more modern power grid.”