Power Integrations Inc. reported an increase in net revenues for the first quarter of 2025, reaching $105.5 million, which represents a 15 percent rise compared to the first quarter of 2024. GAAP net income for the quarter amounted to $8.8 million, translating to earnings of $0.15 per diluted share, slightly down from $0.16 per diluted share in the prior quarter but up from $0.07 per diluted share in the first quarter of 2024. Non-GAAP earnings were reported at $0.31 per diluted share, compared to $0.30 in the prior quarter and $0.18 in the first quarter of 2024. The company has issued a revenue forecast for the second quarter of 2025, predicting revenues of $115 million, with a margin of error of plus or minus $5 million. The GAAP gross margin is expected to be approximately 55 percent, and the non-GAAP gross margin is anticipated to be around 55.5 percent, with the difference primarily due to stock-based compensation and a smaller impact from the amortization of acquisition-related intangible assets. Additionally, Power Integrations announced a new $50 million share-repurchase authorization following the completion of a prior $50 million buyback. The company also declared a dividend of $0.21 per share, paid on March 31, 2025, with another dividend of the same amount scheduled for June 30, 2025, for stockholders of record as of May 30, 2025.