Silicon Labs Q1 revenue $234M (+48% YoY); guides Q2 revenue $245-255M

SILICON LABORATORIES INC.

2022-Q1 EPS reported $0.58 revenue$233,814,000

Revenue $234M, up 12% sequential, 48% YoY; GAAP EPS $0.58, non-GAAP EPS $1.05.
Industrial & Commercial revenue $127M (+61% YoY); Home & Life $107M (+35% YoY).
Q2 guidance: revenue $245-255M; GAAP EPS $0.37-0.47; non-GAAP EPS $0.85-0.95.
Board authorized additional $350M share repurchase; $250M repurchased YTD 2022.
Launched xG24 SoC family with AI/ML accelerator; initial customer demand strong.

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