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Stock impact report

Power Integrations: Question Marks Remain Over The Outlook [Seeking Alpha]

Power Integrations, Inc. (POWI) 
Last power integrations, inc. earnings: 1/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.power.com
Company Research Source: Seeking Alpha
The current downturn in demand has badly affected POWI, but POWI thinks it can get back to the boom years of FY2020-2022 in relatively short order. There are several reasons why POWI may not see a return to previous revenue levels anytime soon worth mentioning. POWI was clear as to what to expect, but whether it will be right, or wrong as before, remains to be seen. Power Integrations, Inc. ( NASDAQ: POWI ), a supplier of high-voltage power semiconductors, closed the books in FY2023 with the release of the annual report on February 12. In general, FY2023 was a year to forget as POWI struggled with a downturn that turned out to be more severe than anticipated, which caused, among other things, a big decline in fiscal earnings. However, Q1 guidance and the latest outlook are suggesting the worst of the decline in demand has passed. POWI may be on the verge of a recovery, but questions remain. Why will be covered next? POWI is off to a slow start in 2024 A previous article fro Show less Read more
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