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Oct 03, 2020
Silicon Labs Q3 2020 Earnings Report
Revenue exceeded guidance, driven by record IoT revenue.
Key Takeaways
Silicon Labs reported strong third quarter results with revenue exceeding the top end of the guidance range at $221.3 million. GAAP EPS was $0.07 and non-GAAP EPS was $0.73.
Revenue exceeded the high end of the guidance range at $221.3 million.
IoT products led the way with a record quarter.
The company sees sustained acceleration towards a more connected world.
Third quarter GAAP and non-GAAP diluted earnings per share (EPS) were $0.07 and $0.73, respectively.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects fourth quarter revenue to be in the range of $221 to $231 million, with IoT and Infrastructure & Automotive up.