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

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WEBVTT 00:00:00.031 -- 00:00:05.677 Good afternoon, ladies and gentlemen, and welcome to the Power Integrations, 00:00:05.677 -- 00:00:10.982 Inc. First Quarter Earnings Call. At this time, all lines are in a listen-only 00:00:10.982 -- 00:00:16.047 mode. Following the presentation, we will conduct a question and answer 00:00:16.047 -- 00:00:21.092 session. If at any time during this call you require immediate assistance, 00:00:21.092 -- 00:00:24.055 please press star zero for the operator. 00:00:24.055 -- 00:00:28.799 I would now like to turn the conference call over to Joe Schiffler, Director of Investor 00:00:28.799 -- 00:00:32.032 Relations. Please go ahead. 00:00:32.032 -- 00:00:34.536 Thank you, Jenny. Good afternoon, everyone. 00:00:34.536 -- 00:00:39.043 Thanks for joining us. With me on the call are Balu Balakrishnan, Chairman and CEO of 00:00:39.043 -- 00:00:44.412 Power Integrations, and Sandeep Nair, our Chief Financial Officer. 00:00:44.412 -- 00:00:48.619 During this call, we will refer to financial measures not calculated according to GAAP. 00:00:48.619 -- 00:00:53.346 Non-GAAP measures exclude stock-based compensation expenses, amortization of acquisition-related 00:00:53.346 -- 00:00:56.900 intangible assets, and the tax effects of these items. 00:00:56.900 -- 00:01:00.966 The reconciliation of non gap measures to our gap results is included in today's press 00:01:00.966 -- 00:01:05.212 release. Our discussion today, including the Q&A session, will include forward looking 00:01:05.212 -- 00:01:10.540 statements denoted by words like will, would, could, should, expect, outlook, plan, forecast, 00:01:10.540 -- 00:01:15.407 estimate, anticipate, and similar expressions that look toward future events or performance. 00:01:15.407 -- 00:01:19.153 Such stat...