{"id":483110,"date":"2021-04-28T07:08:28","date_gmt":"2021-04-28T11:08:28","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-labs-announces-record-quarterly-revenue\/"},"modified":"2021-04-28T07:08:28","modified_gmt":"2021-04-28T11:08:28","slug":"silicon-labs-announces-record-quarterly-revenue","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/silicon-labs-announces-record-quarterly-revenue\/","title":{"rendered":"Silicon Labs Announces Record Quarterly Revenue"},"content":{"rendered":"
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— Record IoT Revenue Affirms Pure-Play Focus on Massive IoT Opportunity —<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n AUSTIN, Texas<\/span>, April 28, 2021<\/span> \/PRNewswire\/ —\u00a0Silicon Labs<\/a>\u00a0(NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today reported financial results for its first quarter ended April 3, 2021<\/span>. Revenue exceeded the top end of our initial guidance at $255.5 million<\/span>, up from $242.9 million<\/span> in the fourth quarter. First quarter GAAP and non-GAAP diluted earnings per share (EPS) were $0.29<\/span> and $0.91<\/span>, respectively. <\/p>\n

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\n \"(PRNewsfoto\/Silicon
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“Despite significant supply constraints, strong bookings and durable demand momentum drove first quarter revenue to a new record of $255.5 million<\/span> led by record revenue in IoT which grew 7% sequentially and 34% year-on-year,” said Tyson Tuttle<\/span>, CEO of Silicon Labs. “We continue to lead the market in wireless connectivity for a vast array of intelligent solutions. Last week’s announcement to become a pure-play leader of intelligent,\u00a0wireless connectivity for the IoT coupled with the global economic recovery from the pandemic fuels our excitement to capitalize on the massive growth opportunity in front of us.”<\/p>\n

\n First Quarter Financial Highlights<\/b>\n <\/p>\n