Power Integrations today announced financial results for the quarter ended March 31, 2018.

Net revenues for the quarter were $103.1 million, a decrease of five percent from the prior

quarter and a decrease of two percent from the first quarter of 2017. Net income for the

quarter was $14.2 million or $0.46 per diluted share, compared to a net loss of $0.57 per

share in the prior quarter and net income of $0.47 per diluted share in the first quarter of 2017.

Cash flow from operations was $15.7 million for the quarter.

Commented Balu Balakrishnan, president and CEO of Power Integrations: “First-quarter

revenues were consistent with our expectations, while gross margins exceeded our

projections due mainly to a favorable end-market mix. Bookings strengthened compared

with the prior quarter, and we expect healthy sequential revenue growth in the second quarter.”

Learn more about today's announcement here.