Strong Revenue Growth
Silicon Labs reported revenue for the June quarter of $193 million, up 9% sequentially and 33% year-over-year. The revenue for the September quarter is anticipated to be in the range of $200 million to $210 million, implying a strong 23% year-over-year growth rate.
Design Win Success
10 out of the 12 largest customer ramps are on track or ahead of plan for 2025. The Series 2 platform continues to drive growth, with significant wins in Bluetooth, Wi-Fi, and commercial building controls.
Product Innovation and Launch
The introduction of the Series 3 device, the 301, as the world's first device to achieve PSA Level 4 security certification, highlights Silicon Labs' innovative edge.
Industrial and Commercial Business Growth
Industrial and Commercial segment revenue was $110 million, up 14% sequentially and 25% year-over-year, driven by electronic shelf labeling and smart meter rollouts.
Home and Life Business Expansion
Home & Life revenue was $83 million, up 2% sequentially and 45% year-over-year, driven by strong demand in smart home applications and connected healthcare, particularly in continuous glucose monitoring applications.