Silicon Labs Q2 revenue $278M record; IoT $169M record; completes I&A sale to Skyworks for $2.75B

SILICON LABORATORIES INC.

2021-Q2 EPS reported $0.73 revenue$327,349,000

Revenue $278M (record, above guidance); IoT revenue $169M (+7% seq, +48% YoY).
GAAP EPS $0.44 (total); continuing ops GAAP loss $(0.41); non-GAAP cont. ops EPS $0.16.
Completed divestiture of Infrastructure & Automotive business to Skyworks for $2.75B cash, becoming pure-play IoT.
Q3 guidance: revenue $170-180M; non-GAAP diluted EPS $0.10-$0.20.

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