Power Integrations today announced financial results for the quarter ended June 30, 2020. Net revenues for the second quarter were $106.8 million, down three percent compared to the prior quarter and up four percent from the second quarter of 2019. Net income for the second quarter was $13.2 million or $0.44 per diluted share compared to $0.53 per diluted share in the prior quarter and $0.37 per diluted share in the second quarter of 2019. Cash flow from operations for the second quarter was $36.7 million.
Power Integrations will release its second-quarter financial results after market hours on Thursday, July 30, 2020. The company will conduct a conference call that day beginning at 1:30 p.m. Pacific time.
Power Integrations today announced the production release of the InnoSwitch3-AQ, an AEC-Q100-qualified flyback switcher with integrated 750 V MOSFET and secondary-side sensing. The newly qualified device family targets automotive EV applications, such as traction inverter, OBC (on-board charger), EMS (energy management DC/DC bus converters) and BMS (battery management systems).
Visit PI virtually at PCIM Digital Days on July 7 & July 8. PI CEO Balu Balakrishnan will join panel discussions on both days to share his insight on GaN technology. Out technical experts will also give presentations on our newest gate driver IC products and PI Expert Online design tool.