- The stock took off with the release of the latest numbers from SLAB, which showed it’s off to a good start as a pure-play IoT company.
- Guidance calls for EPS growth of 61.8% QoQ, which is impressive, but it becomes less so once the scale of share buybacks and price adjustments are factored in.
- Multiples are high and that’s with a one-time gain of $2.1B from the sale of the I&A unit, making multiples lower than they would be otherwise.
- SLAB may have a bright future down the road, but recent performance is not representative of what to expect going forward.
For further details see:
Silicon Laboratories: Lots Of Noise Is Skewing The Numbers