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Apr 04, 2020
Silicon Labs Q1 2020 Earnings Report
Revenue exceeded guidance, earnings per share were reported, and the company emphasized employee safety amidst the COVID-19 pandemic.
Key Takeaways
Silicon Labs reported Q1 2020 revenue of $214.9 million, surpassing the guidance range, and GAAP EPS of $0.05 and non-GAAP EPS of $0.69. The company is navigating the challenges of the COVID-19 pandemic while maintaining a healthy balance sheet and minimal supply chain disruption.
Revenue for Q1 2020 was $214.9 million, exceeding expectations and up 14% year-on-year.
GAAP EPS was $0.05, and non-GAAP EPS was $0.69 for Q1 2020.
The company is focused on employee health and safety during the COVID-19 pandemic.
The company's strategy targets growth in IoT, communications infrastructure, and electrification.
Forward Guidance
The company expects second quarter revenue to be in the range of $190 to $210 million, with IoT and Infrastructure & Automotive down.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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