Power Integrations, Inc. (POWI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to the Power Integrations, Inc. First Quarter Earnings Call. At this time, all lines are in a listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. I would now like to turn the conference call over to Joe Schiffler, Director of Investor Relations. Please go ahead. Thank you, Jenny. Good afternoon, everyone. Thanks for joining us. With me on the call are Balu Balakrishnan, Chairman and CEO of Power Integrations, and Sandeep Nair, our Chief Financial Officer. During this call, we will refer to financial measures not calculated according to GAAP. Non-GAAP measures exclude stock-based compensation expenses, amortization of acquisition-related intangible assets, and the tax effects of these items. The reconciliation of non gap measures to our gap results is included in today's press release. Our discussion today, including the Q&A session, will include forward looking statements denoted by words like will, would, could, should, expect, outlook, plan, forecast, estimate, anticipate, and similar expressions that look toward future events or performance. Such statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied. Such risks are discussed in today's press release and in our most recent form 10K, filed with the SEC on February 7, 2025. This calls the property of power integrations and any recording or rebroadcast is expressly prohibited without the written consent of power integrations. Now I'll turn it over to Balu. Thanks, Joe, and good afternoon. Our Q1 results were on target with revenues in the middle ...