Silicon Labs (SLAB) Tops Q2 EPS by 17c, Revenues Beat

Silicon Labs (NASDAQ: SLAB) reported Q2 EPS of $0.74, $0.17 better than the analyst estimate of $0.57. Revenue for the quarter came in at $207.5 million versus the consensus estimate of $199.58 million.

"Second quarter revenue was at the high end of our guidance range at $207.5 million," said Tyson Tuttle, CEO of Silicon Labs. "Clearly, the global pandemic has and will continue to impact the way people live, work and play. We are well-positioned to execute our strategy in IoT connectivity and internet infrastructure in light of recent trends in the market, which we see accelerating as the world moves even faster to becoming more connected."

GUIDANCE:

Silicon Labs sees Q3 2020 EPS of $0.67-$0.77, versus the consensus of $0.64. Silicon Labs sees Q3 2020 revenue of $208-218 million, versus the consensus of $207.43 million.

For earnings history and earnings-related data on Silicon Labs (SLAB) click here.

You May Also Be Interested In

• Primoris cuts 2026 outlook on renewables cost overruns, COO exits
• NVE Corporation names new CEO and expands board to seven members
• C.H. Robinson acquires DeSpir Logistics for $75 million