Operator

Hello, everyone. Thank you for joining us, and welcome to the Power Integrations' Q1 Earnings Call. [Operator Instructions]

I will now hand the call over to Joe Shiffler, Senior Director of Investor Relations. Please go ahead.

Joe Shiffler
Director of Investor Relations & Corporate Communications

Thanks, Alexandra. Good afternoon. Thanks, everyone, for joining us. With me on the call are Jen Lloyd, our CEO; and our CFO, Nancy Erba. After Jen and Nancy's prepared remarks, we'll open it up for questions.

Our discussion today will include forward-looking statements denoted by words like will, expect, should, outlook, forecast and similar expressions that look toward future events or performance. Such statements are subject to risks that may cause actual results to differ from those projected or implied. Such risks are discussed in today's press release, in our most recent annual report on Form 10-K and in subsequent quarterly reports on Form 10-Q, including the one being filed this afternoon with the SEC.

During this call, we will refer to financial measures not calculated according to GAAP. Non-GAAP income statement measures in the first quarter excludes stock-based compensation expenses, amortization of acquisition-related intangible assets, restructuring charges and the tax effects of these items.

A reconciliation of non-GAAP measures to our GAAP results is included in today's press release and in the accompanying slides, both of which can be found on our investor website at