Power Integrations Inc. (NASDAQ:POWI) Q1 2022 Earnings Conference Call April 28, 2022 4:30 PM ET
Company Participants
Joe Shiffler - Director, IR
Balu Balakrishnan - President and CEO
Sandeep Nayyar - VP of Finance and CFO
Conference Call Participants
Christopher Rolland - Susquehanna
David Williams - The Benchmark Company
Operator
Good afternoon. My name is Cathy, and I will be your conference operator today. At this time, I would like to welcome everyone to the Power Integrations First Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.
Thank you. And Joe Shiffler, you may begin your conference.
Joe Shiffler
Thanks Kathy. 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 this call, 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, will include forward-looking statements denoted by words like will, would, believe, should, expect, outlook, forecast, anticipate, prospects 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 07, 2022. This call is the property of Power Integrations, and any recording or rebroadcast is expressly prohibited without the written consent of Power Integrations.
And one additional note before I turn it over to Balu, we plan to host an Investor Day on September 8 in New York. More details will be coming soon, but please do save the date again; that's September 8 in New York.
Now, I’ll turn the call over to Balu.
Balu Balakrishnan
Thanks, Joe, and good afternoon. 2022 is off to a great start for Power Integrations, with another quarter of record sales, strong earnings growth and healthy cash flow. Our growth continues to be fueled by share gains and raising dollar content across a broad range of applications, including appliances, advanced charges for smartphones and notebooks and a diverse set of industrial applications, including utility meters, battery power tools and home automation.