Join PI from August 31 to September 4, 2020 for Industry Tech Days hosted by All About Circuits. Visit our virtual booth and attend online presentations to learn about our newest innovations, including PowiGaN technology, BridgeSwitch motor driver ICs and AEC-Q100-qualified solutions for automotive use.
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.
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.
PI CEO Balu Balakrishnan will speak at the Stifel 2020 Virtual Cross Sector Insight Conference on June 9 at 4:00 p.m. Eastern time.