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Jul 04, 2020
Silicon Labs Q2 2020 Earnings Report
Silicon Labs reported strong Q2 2020 results driven by accelerating trends in connectivity.
Key Takeaways
Silicon Labs' Q2 2020 revenue reached $207.5 million, near the top end of the guidance range. GAAP EPS was $(0.04), and non-GAAP EPS was $0.74.
Second quarter revenue was at the high end of the guidance range at $207.5 million.
The global pandemic has impacted the way people live, work and play.
Silicon Labs is well-positioned to execute its strategy in IoT connectivity and internet infrastructure.
Recent trends in the market are accelerating as the world moves faster to becoming more connected.