Reports Q2 revenue $193M, consensus $192.63M. “The Silicon Labs (SLAB) team delivered strong sequential and year-over-year revenue growth of 9% and 33%, respectively, while also driving improved profitability,” said Matt Johnson, President and Chief Executive Officer at Silicon Labs. “Moving forward, we believe we are uniquely positioned to outperform the market underpinned by our industry-leading solutions, share gains, and consistent execution.”
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SLAB:
- Silicon Laboratories Faces Financial Strain Amid Global Trade Challenges and Tariffs
- Silicon Labs price target raised to $150 from $110 at Susquehanna
- SLAB Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Silicon Labs price target raised to $160 from $144 at Stifel
- Silicon Labs price target raised to $180 from $160 at KeyBanc