Silicon Labs reports record IoT revenue of $185M in Q3; guides Q4 above

SILICON LABORATORIES INC.

2021-Q3 EPS reported $46.71 revenue$512,180,000

Revenue $185M (up 39% YoY) beat guidance; GAAP diluted loss per share $(0.45); non-GAAP EPS $0.34.
Completed $2.75B sale of I&A business to Skyworks; returned ~$1.1B via tender and buybacks.
CEO succession: Tuttle retires year-end, President Matt Johnson becomes CEO Jan 2, 2022.
Board authorized $400M additional share repurchase; intends accelerated share repurchase for full amount.
Q4 guidance: revenue $195-$205M; non-GAAP EPS $0.50-$0.60.

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