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Jul 02, 2022
Silicon Labs Q2 2022 Earnings Report
Silicon Labs reported Q2 2022 earnings with revenue exceeding guidance and significant year-on-year growth.
Key Takeaways
Silicon Labs reported strong Q2 2022 financial results, with revenue exceeding the top end of the guidance range at $263 million, up 13% sequentially and 55% year-on-year. The company is confident in its ability to lead and scale in the IoT wireless market.
Revenue exceeded the top end of the guidance range at $263 million.
Revenue increased by 13% sequentially and 55% year-on-year.
The company marked the one-year anniversary of becoming a pure-play IoT company.
The company is confident in its ability to lead and scale in the large and growing IoT wireless market.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects third-quarter revenue to be in the range of $265 to $275 million.