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Apr 01, 2023
Silicon Labs Q1 2023 Earnings Report
Silicon Labs reported in-line results and expanded its industry-leading Series 2 platform.
Key Takeaways
Silicon Labs reported first quarter results with revenue meeting the mid-point of the guidance range at $247 million, up 6% year-on-year, driven by strength across the Bluetooth portfolio.
Revenue met the mid-point of the guidance range at $247 million, up 6% year-on-year.
Strength across Bluetooth portfolio contributed to revenue growth.
Focused on driving operational efficiencies, supporting new customer ramps.
Investing in people and products to outperform the market.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects second-quarter revenue to be between $238 to $248 million.