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Apr 03, 2021
Silicon Labs Q1 2021 Earnings Report
Silicon Labs reported record quarterly revenue driven by strong bookings and demand momentum.
Key Takeaways
Silicon Labs announced record quarterly revenue of $255.5 million, exceeding the top end of initial guidance. The company's IoT revenue also reached a new record, growing 7% sequentially and 34% year-on-year. First quarter GAAP and non-GAAP diluted earnings per share (EPS) were $0.29 and $0.91, respectively.
Revenue reached a record $255.5 million, exceeding initial guidance.
IoT revenue grew 7% sequentially and 34% year-on-year, reaching a new record.
GAAP EPS was $0.29.
Non-GAAP EPS was $0.91.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects second quarter revenue to be in the range of $262 to $272 million, with IoT roughly flat to the first quarter, limited by supply, and Infrastructure & Automotive up.