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Jul 03, 2021
Silicon Labs Q2 2021 Earnings Report
Reported strong financial results driven by record IoT revenue and strategic divestiture.
Key Takeaways
Silicon Labs reported record revenue for Q2 2021, exceeding guidance at $278 million, with IoT revenue reaching a record $169 million, up 48% year-over-year. The company completed the divestiture of its Infrastructure and Automotive businesses to Skyworks Solutions, Inc. for $2.75 billion.
Revenue exceeded the top of the guidance range at $278 million.
IoT revenue reached a record high of $169 million, up 48% year-over-year.
GAAP EPS was $0.44 and non-GAAP EPS was $1.05.
Completed the divestiture of its Infrastructure and Automotive businesses to Skyworks Solutions, Inc. for $2.75 billion.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects third quarter revenue from continuing operations to be in the range of $170 to $180 million.