Silicon Labs Q1 revenue $247M (+6% YoY); Q2 guidance $238-248M

SILICON LABORATORIES INC.

2023-Q1 EPS reported $0.41 revenue$246,787,000

Revenue $247M (+6% YoY); GAAP diluted EPS $0.41; non-GAAP diluted EPS $1.12.
Q2 guidance: revenue $238-248M, GAAP EPS $0.35-0.45, non-GAAP EPS $0.98-1.08.
Issued redemption notice for $535M 2025 convertible notes; settlement in cash/shares by June 20, 2023.
GAAP gross margin 62.3%; non-GAAP gross margin 62.5%; GAAP operating margin 8%.
Industrial & Commercial revenue $151M; Home & Life revenue $96M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SILICON LABORATORIES INC. reported second quarter results: revenue $238 to $248 million, EPS $0.35 to $0.45. Guidance initiated.

Period: second quarter
Revenue: $238 to $248 million
EPS: $0.35 to $0.45
Guidance: initiated
Result: guidance update

Exact text from the filing

The company expects second-quarter revenue to be between $238 to $248 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SILICON LABORATORIES INC. reported fiscal quarter ended April 1, 2023 results: revenue $247 million, EPS $0.41.

Period: fiscal quarter ended April 1, 2023
Revenue: $247 million
EPS: $0.41
Result: reported results

Exact text from the filing

Revenue met the mid-point of the guidance range at $247 million, up 6% year-on-year, driven in part by strength across our Bluetooth portfolio.

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Source: SEC EDGAR

accession 0001104659-23-049938

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