Overview

* Silicon Labs ( SLAB ) Q3 revenue grows to $206 mln, beating analyst expectations

* Adjusted EPS for Q3 was $0.32, reflecting operational performance

* Company missed analyst estimates for net income and operating income

Outlook

* Company expects Q4 revenue between $200 mln and $215 mln

* Silicon Labs ( SLAB ) sees Q4 GAAP EPS between $(0.22) and $0.08

* Company projects Q4 non-GAAP EPS between $0.40 and $0.70

Result Drivers

* INDUSTRIAL & COMMERCIAL GROWTH - Revenue in this segment increased 22% year-over-year, contributing to overall sales growth

* HOME & LIFE SEGMENT - Revenue in this segment rose 26% year-over-year, aiding overall performance

* STRATEGIC PARTNERSHIP - Expanded partnership with GlobalFoundries to enhance U.S.-based semiconductor manufacturing

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $205.99 $205.10

Revenue mln mln (8

Analysts

)

Q3 $0.32

Adjusted

EPS

Q3 Net Miss -$9.93 $10.10

Income mln mln (8

Analysts

)

Q3 Miss -$12.34 $9.43

Operatin mln mln (7

g Income Analysts

)

Q3 Gross $119.01

Profit mln

Q3 $131.36

Operatin mln

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy."

* Wall Street's median 12-month price target for Silicon Laboratories Inc ( SLAB ) is $147.00, about 13% above its November 3 closing price of $127.96

* The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 78 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)