Power Integrations Reports Third-Quarter Financial Results

October 28th, 2015

Power Integrations today announced financial results for the quarter ended September 30, 2015. Net revenues for the third quarter were $88.9 million, up four percent from the prior quarter and down one percent from the third quarter of 2014. Commented Balu Balakrishnan, president and CEO of Power Integrations: "Like many of our peers, we experienced soft demand in the industrial end-market during the third quarter. However, revenues increased in each of the other three end-market categories, resulting in overall sequential growth of four percent. Most notably, revenues from the communications market grew more than 30 percent sequentially driven by adoption of our InnoSwitch™ products in the mobile-device market."

For further details, see today's press release.