Power Integrations is trading 8.6% up at $63.72 after investors responded positively to its August 5 earnings, which included $118.9 million in revenue and $0.37 non-GAAP EPS versus $0.32 expected.
- Management guided third-quarter revenue to $122 million–$130 million.
- It highlighted 2,200-volt PowiGaN technology for high-voltage data-center, automotive, and energy applications.
- The results and technology roadmap provide a clear company-specific catalyst.