Silicon Labs Q2 revenue $245M; Q3 guidance $190-210M, non-GAAP EPS $0.45-$0.73

SILICON LABORATORIES INC.

2023-Q2 EPS reported $0.75 revenue$491,653,000

Revenue $245M (in-line); Industrial & Commercial record $165M, Home & Life $80M (decline).
GAAP diluted EPS $0.33; non-GAAP diluted EPS $1.04; GAAP gross margin 58.7%.
Q3 guidance: revenue $190-210M, GAAP EPS ($0.08)-$0.20, non-GAAP EPS $0.45-$0.73.
Convertible notes redeemed: $535M cash + 0.9M shares; $184M share repurchases; new $100M buyback authorization.

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 third-quarter results: revenue between $190 to $210 million, EPS between $(0.08) to $0.20. Guidance initiated.

Period: third-quarter
Revenue: between $190 to $210 million
EPS: between $(0.08) to $0.20
Guidance: initiated
Result: guidance update

Exact text from the filing

The company expects third-quarter revenue to be between $190 to $210 million. The company also estimates the following results: On a GAAP basis: · GAAP gross margin to be 59% · GAAP operating expenses of approximately $120 million · GAAP diluted earnings (loss) per share between $(0.08) to $0.20

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SILICON LABORATORIES INC. reported fiscal quarter ended July 1, 2023 results: revenue $245 million, EPS $0.33.

Period: fiscal quarter ended July 1, 2023
Revenue: $245 million
EPS: $0.33
Result: reported results

Exact text from the filing

Second Quarter Financial Highlights · Revenue was $245 million, in-line with guidance · Industrial & Commercial revenue for the quarter was $165 million · Home & Life revenue for the quarter was $80 million Results on a GAAP basis: · GAAP gross margin was 58.7% · GAAP R&D expenses were $86 million · GAAP SG&A expenses were $41 million · GAAP operating income as a percentage of revenue was 7% · GAAP diluted earnings per share were $0.33

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Source: SEC EDGAR

accession 0001104659-23-084035

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