Silicon Labs Q2 revenue $263M, up 55% YoY; guides Q3 revenue $265-275M

SILICON LABORATORIES INC.

2022-Q2 EPS reported $1.18 revenue$496,964,000

Revenue $263M, up 55% YoY and 13% sequentially; GAAP EPS $0.60, non-GAAP EPS $1.17.
Industrial & Commercial revenue $144M (+61% YoY); Home & Life revenue $119M (+49% YoY).
Q3 guidance: revenue $265-275M, GAAP EPS $0.49-0.59, non-GAAP EPS $1.08-1.18.
Completed $350M share buyback in Q2; board authorized new $250M repurchase program through 2023.
Appointed Bob Conrad to board; Bill Wood to retire at 2023 annual meeting after 25 years.

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