Silicon Labs Q3 revenue $204M, guides Q4 $70-100M; non-GAAP EPS $0.62

SILICON LABORATORIES INC.

2023-Q3 EPS reported $1.07 revenue$695,413,000

GAAP diluted EPS $0.32; non-GAAP diluted EPS $0.62.
Industrial & Commercial revenue $121M, Home & Life revenue $83M.
Q4 GAAP revenue guidance $70-100M, GAAP EPS loss $(2.39)-(1.95).
Announced next-generation Series 3 platform with >100x processing of Series 2.
Design wins at record levels amid weak demand and inventory correction.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SILICON LABORATORIES INC. reported third quarter, which ended September 30, 2023 results: revenue $204 million, EPS $0.32. Guidance lowered.

Period: third quarter, which ended September 30, 2023
Revenue: $204 million
EPS: $0.32
Guidance: lowered
Result: reported results

Exact text from the filing

industry-leading platform. We believe this positions us well for growth and higher earnings power when the market recovers.” Third Quarter Financial Highlights · Revenue was $204 million · Industrial & Commercial revenue for the quarter was $121 million · Home & Life revenue for the quarter was $83 million Results on a GAAP basis: · GAAP gross margin was 58.4%

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Source: SEC EDGAR

accession 0001104659-23-113140

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