Silicon Labs Q3 2021 Earnings Report
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.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects fourth quarter revenue to be in the range of $195 to $205 million.