2023-04-26 07:07:18 ET
- Silicon Laboratories press release ( NASDAQ: SLAB ): Q1 Non-GAAP EPS of $1.12 beats by $0.01 .
- Revenue of $246.7M (+5.5% Y/Y) misses by $0.85M .
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The company expects second-quarter revenue to be between $238 to $248 million vs. $260.25M consensus. The company also estimates the following results:
On a GAAP basis:
- GAAP gross margin of approximately 60%
- GAAP operating expenses of approximately $131 million
- GAAP effective tax rate of approximately 34%
- GAAP diluted earnings per share between $0.35 to $0.45
On a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the reconciliation tables:
- Non-GAAP gross margin to be between 60% and 61%
- Non-GAAP operating expenses of approximately $106 million
- Non-GAAP effective tax rate of approximately 25%
- Non-GAAP diluted earnings per share between $0.98 to $1.08 vs. $1.08 consensus
For further details see:
Silicon Laboratories Non-GAAP EPS of $1.12 beats by $0.01, revenue of $246.7M misses by $0.85M