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Oct 02, 2021
Silicon Labs Q3 2021 Earnings Report
Reported record IoT revenue and accelerating adoption across the wireless portfolio.
Key Takeaways
Silicon Labs reported strong financial results for the third quarter, with revenue exceeding the top of the guidance range at $185 million, up 9% sequentially and 39% year-on-year. The company also completed the divestiture of its Infrastructure and Automotive (I&A) business to Skyworks Solutions, Inc. for $2.75 billion.
Revenue from continuing operations exceeded the top of the guidance range at $185 million, up 9% sequentially and 39% year-on-year.
Completed the divestiture of its Infrastructure and Automotive (I&A) business to Skyworks Solutions, Inc. for $2.75 billion in an all-cash transaction.
The company expects fourth quarter revenue to be in the range of $195 to $205 million.
The Board of Directors authorized the repurchase of up to an incremental $400 million of the company’s common stock.
Forward Guidance
The company expects fourth quarter revenue to be in the range of $195 to $205 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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