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Dec 31, 2022
Silicon Labs Q4 2022 Earnings Report
Silicon Labs reported Q4 2022 earnings with revenue exceeding guidance and a 23% year-on-year increase.
Key Takeaways
Silicon Labs reported strong Q4 2022 results, with revenue exceeding the top end of the guidance range at $257 million, representing a 23% increase year-on-year. The company's full-year revenue also saw growth across both its Industrial & Commercial and Home & Life product groups. Design wins increased by 120%.
Revenue exceeded the top end of the guidance range at $257 million, up 23% year-on-year.
Full-year revenue growth occurred across both Industrial & Commercial and Home & Life product groups.
Organic revenue doubled in two years to more than $1 billion annually.
Design wins increased by 120%.
Silicon Labs
Silicon Labs
Forward Guidance
The company expects first-quarter revenue to be between $242 to $252 million.