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Power Integrations, Inc. (POWI) CEO Balu Balakrishnan on Q2 2021 Results - Earnings Call Transcript

Aug. 01, 2021 6:20 AM ETPower Integrations, Inc. (POWI)
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Power Integrations, Inc. (NASDAQ:POWI) Q2 2021 Earnings Conference Call July 29, 2021 4:30 AM ET

Company Participants

Joe Shiffler - Director-Investor Relations

Balu Balakrishnan - President & Chief Executive Officer

Sandeep Nayyar - Chief Financial Officer

Conference Call Participants

Ross Seymore - Deutsche Bank

Christopher Rolland - SIG

Tore Svanberg - Stifel

Gus Richard - Northland Capital

Karl Ackerman – Cowen


Welcome to the Power Integrations Second Quarter Earnings Call. At this time, all participants' lines are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Mr. Joe Shiffler. Sir, please go ahead.

Joe Shiffler

Thank you, Mel and good afternoon everyone. Thanks for joining us. With me on the call today are Balu Balakrishnan, President and CEO of Power Integrations; and Sandeep Nayyar, our Chief Financial Officer.

During the call today, we will refer to financial measures not calculated according to GAAP. Non-GAAP measures exclude stock-based compensation expenses, amortization of acquisition-related intangible assets, and the tax effects of these items. A reconciliation of non-GAAP measures to our GAAP results is included in our press release.

Our discussion today, including the Q&A session, will include forward-looking statements, denoted by words like will, would, believe, should, expect, outlook, forecast, anticipate; and similar expressions that look toward future events or performance. Such statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied. Such risks and uncertainties are discussed in today's press release and in our Form 10-K filed with the SEC on February 5, 2021. This call is the property of Power Integrations and any recording or rebroadcast is expressly prohibited without the written consent of Power Integrations.

Now, I'll turn the

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