NASDAQ$SLAB

Silicon Laboratories Inc. · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Silicon Labs reported solid results with record revenue in Industrial & Commercial.

Silicon Labs reported Q2 2023 results with revenue exceeding the mid-point of the guidance range at $245 million, driven by strength across the Industrial & Commercial end markets.

  • Delivered solid results in the second quarter.
  • Achieved record revenue in the Industrial & Commercial business.
  • Home & Life business declined due to weak demand and excess customer inventory.
  • Continue to drive strong design win momentum.

Headline financials

Total Revenue

$245M

Previous: $263M-6.9%
EPS (adj)

$1.04

Previous: $1.17-11.1%
Capital Expenditures

-$13.5M

Previous: -$12.3M-9.3%
Free Cash Flow

$11.5M

Previous: $32.7M-65.0%
Net Income

$24.9M

Previous: $45M-44.7%
Operating Income

$17.2M

Previous: $31.4M-45.3%
Gross Profit

$144M

Previous: $164M-12.3%
Cash & Equivalents

$235M

Previous: $505M-53.5%
Total Assets

$1.52B

Previous: $2.42B-37.2%
Stock-Based Comp

$14.7M

Previous: $14.4M+2.4%

Revenue & EPS history

Silicon Labs · Revenue · Quarterly

$245M

Q2 2023-6.9%vs Q2 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company expects third-quarter revenue to be between $190 to $210 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+1.7%

Avg return

Earnings day

+3.3%

Avg return

5 days after

+4.9%

Avg return

30 days after

55%

35 / 64 earnings

Positive

+49.2%

Q4 2025

Best reaction

-14.6%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%+0.2%+0.9%
Q4 2025+49.2%+50.4%+48.4%
Q3 2025-0.8%-1.2%+8.4%
Q1 2025+5.7%+3.8%+11.7%
Q4 2024+1.3%+5.8%+0.3%
Q3 2024-1.7%+5.5%+5.0%
Q2 2024+0.3%+3.1%+1.8%
Q1 2024-5.2%-1.3%+1.9%
Q4 2023+16.0%+22.3%+23.7%
Q3 2023-4.2%+0.0%+18.3%
Q2 2023-9.1%-6.0%-17.5%
Q1 2023-12.8%-9.3%-4.3%
Q4 2022+20.8%+15.6%+15.5%
Q3 2022-6.3%-4.7%+16.9%
Q2 2022+6.6%+7.4%-5.7%
Q1 2022+8.5%+10.7%+20.5%
Q4 2021-3.3%-5.9%-15.0%
Q3 2021+20.3%+24.7%+24.4%
Q2 2021+4.6%+12.3%+16.0%
Q1 2021-3.4%-9.2%-9.3%
Q3 2020+4.6%+2.0%+15.3%
Q2 2020+0.1%+0.3%+0.7%
Q1 2020+2.0%-5.7%-1.8%
Q4 2019-11.8%-15.1%-25.2%
Q3 2019+2.3%+4.1%-3.2%
Q2 2019+5.1%+7.4%-2.2%
Q1 2019+12.1%+14.0%-0.7%
Q4 2018-14.6%-10.4%-7.3%
Q3 2018-4.4%-4.1%+3.3%
Q2 2018-5.8%-9.7%-6.4%
Q1 2018+7.2%+4.4%+18.7%
Q4 2017+1.0%-6.7%-2.5%
Q3 2017+5.1%+5.6%+7.3%
Q2 2017+9.6%+8.0%+5.7%
Q1 2017-0.2%-3.5%-0.5%
Q4 2016+7.7%+11.5%+5.8%
Q3 2016-1.4%-4.5%+7.6%
Q2 2016+3.1%+2.3%+9.5%
Q1 2016+4.7%
Q4 2015-1.9%
Q3 2015+8.9%
Q2 2015-10.9%
Q1 2015-3.1%
Q4 2014+8.1%
Q3 2014+13.7%
Q2 2014-12.6%
Q1 2014-8.2%
Q4 2013+11.6%
Q3 2013-5.2%
Q2 2013-11.6%
Q1 2013-6.0%
Q4 2012+0.7%
Q3 2012+11.9%
Q2 2012+7.6%
Q1 2012+4.5%
Q4 2011+3.4%
Q4 2009+3.4%
Q3 2011-5.8%
Q2 2011-1.9%
Q1 2011+0.9%
Q3 2010+0.5%
Q2 2010-3.0%
Q4 2010-3.0%
Q1 2010-3.5%

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