NASDAQ$SLAB

Silicon Laboratories Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record IoT revenue and accelerating adoption across the wireless portfolio.

Silicon Labs reported strong financial results for the third quarter, with revenue exceeding the top of the guidance range at $185 million, up 9% sequentially and 39% year-on-year. The company also completed the divestiture of its Infrastructure and Automotive (I&A) business to Skyworks Solutions, Inc. for $2.75 billion.

  • Revenue from continuing operations exceeded the top of the guidance range at $185 million, up 9% sequentially and 39% year-on-year.
  • Completed the divestiture of its Infrastructure and Automotive (I&A) business to Skyworks Solutions, Inc. for $2.75 billion in an all-cash transaction.
  • The company expects fourth quarter revenue to be in the range of $195 to $205 million.
  • The Board of Directors authorized the repurchase of up to an incremental $400 million of the company’s common stock.

Headline financials

Total Revenue

$185M

Previous: $221M-16.5%
EPS (adj)

$0.34

Previous: $0.73-53.4%
Capital Expenditures

-$19.5M

Previous: -$15.2M-27.7%
Free Cash Flow

$2.1B

Previous: -$11.7M+18112.9%
Net Income

$2.12B

Previous: $3.58M+59082.2%
Operating Income

-$9.28M

Previous: $9.62M-196.4%
Gross Profit

$110M

Previous: $130M-15.8%
Cash & Equivalents

$1.36B

Previous: $230M+491.4%
Total Assets

$3.64B

Previous: $1.94B+87.3%

Revenue & EPS history

Silicon Labs · Revenue · Quarterly

$185M

Q3 2021-16.5%vs Q3 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

The company expects fourth quarter revenue to be in the range of $195 to $205 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 Q3 2021

Historical avgQ3 2021

+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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