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Oct 01, 2022
Silicon Labs Q3 2022 Earnings Report
Silicon Labs reported strong financial results with revenue meeting the midpoint of guidance and growth across Industrial & Commercial and Home & Life businesses.
Key Takeaways
Silicon Labs reported strong financial results for Q3 2022, with revenue at $270 million, a 3% sequential increase and 46% year-on-year growth. The company saw revenue growth across both its Industrial & Commercial and Home & Life businesses.
Generated record revenue and operating results ahead of model.
Gained market share and achieved strong design win momentum.
Remains confident in the ability to lead and scale in the IoT market.
Revenue met the midpoint of the guidance range at $270 million, up 3% sequentially and 46% year-on-year.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects fourth-quarter revenue to be between $245 to $255 million.