Silicon Labs reports Q3 adjusted EPS (13c), consensus (21c)

Reports Q3 revenue $166M, consensus $165.21M. “Silicon Labs (SLAB) delivered solid sequential revenue growth as several key design wins began ramping in the quarter,” said Matt Johnson, President and Chief Executive Officer at Silicon Labs. “Looking ahead, progress on inventory destocking and demand recovery remains uneven across our end markets. Despite the uncertain market backdrop in the near-term, we remain well-positioned for long-term growth and market share expansion.”