Power Integrations Reports Second-Quarter Financial Results

July 30th, 2013

Power Integrations today announced financial results for the quarter ended June 30, 2013. Net revenues for the quarter were $87.9 million, up 14 percent from the prior quarter and 15 percent compared with the second quarter of 2012. Commented Balu Balakrishnan, president and CEO: "Quarterly revenues exceeded our expectations, increasing 14 percent sequentially with growth in all four of our primary end markets. Growth was particularly robust in the industrial market, which is now our largest end market in terms of sales."

To learn more, read today's press release.