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.
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.
As part of the EEWorld Online Webinar Series, Power Integrations will host a three-part webcast event from May 26 to May 28, 2020. Attend the webinar and learn about PI Expert Online, the company's web-based design tool that dramatically accelerates design cycles by turns specifications into a working solution instantly.
Power Integrations today announced financial results for the quarter ended March 31, 2020. Net revenues for the first quarter were $109.7 million. Net income for the first quarter was $15.9 million or $0.53 per diluted share. Cash flow from operations for the first quarter was $26.4 million.