Power Integrations today announced financial results for the quarter ended September 30, 2020. Net revenues for the third quarter were $121.1 million, up 13% compared to the prior quarter and up 6% from the third quarter of 2019. Net income for the third quarter was $14.8 million or $0.24 per diluted share compared to $0.22 per diluted share in the prior quarter and $0.29 per diluted share in the third quarter of 2019. (Per-share measures for all periods have been adjusted for the 2:1 stock split effected as a stock dividend in August 2020.) Cash flow from operations for the third quarter was $16.2 million.
For more information, see today's press release.