SILICON LABS | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Silicon Labs Investor | | | | | | | | Presentation | | | | | | | | February 2 nd , 2022 | | | | | | | | | | | | | | | Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements based on Silicon Labs' current expectations. The words "believe," "estimate," ...

Silicon Laboratories Inc. (NASDAQ:SLAB) Q4 2021 Earnings Conference Call February 2, 2022 8:30 AM ET Company Participants Matt Johnson - President, Chief Executive Officer John Hollister - Senior Vice President, Chief Financial Officer Giovanni Pacelli - Senior Director, Finance Austin Dean - Manager, Investor Relations Conference Call Participants Gary Mobley - Wells Fargo Securities Raji Gill - Needham & Co. Alessandra Vecchi - William Blair Blayne Curtis - Barclays Tore Svanberg - Stifel Srini Pajjuri - ...

Financial Data and Key Metrics Changes - The company achieved record quarterly revenue of $185 million in Q3 2021, representing a 9% increase from the previous quarter and a 39% year-on-year growth in IoT revenue [8][11] - Non-GAAP gross margin exceeded expectations at 59.4%, while GAAP gross margin was reported at 59.2% [15][19] - Non-GAAP operating expenses increased to $93 million, primarily due to R&D investments [17] - Non-GAAP earnings per share from continuing operations were $0.34, above the high-end of guidance [18] Business Line Data and Key Metrics Changes - Wireless IoT solutions were the primary revenue growth driver, with a robust 48% year-on-year growth [13] - Significant growth was noted in home automation, security, smart retail, portable medical, and sports and fitness sectors [12] - WiFi revenue more than doubled year-on-year, following the Redpine acquisition [28] Market Data and Key Metrics Changes - The Americas and Europe showed the greatest strength in Q3, with APAC showing slight growth [14] - Distribution revenue accounted for 81% of total sales, indicating a diverse customer base [14] Company Strategy and Development Direction - The company is focused on maintaining strong customer relationships while implementing price increases to offset supplier cost increases [16][55] - The introduction of the Custom Part Manufacturing Service (CPMS) aims to enhance customer security and simplify supply chains, providing a competitive edge [33][64] - The company is committed to capturing significant market opportunities in the IoT sector, emphasizing wireless connectivity [27][36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing supply chain constraints but expressed confidence in increasing supply to meet growing demand [46][90] - The company expects revenue for Q4 2021 to be in the range of $195 million to $205 million, with non-GAAP earnings per share projected between $0.50 and $0.60 [25] - Management highlighted the importance of balancing pricing power with maintaining long-term customer relationships [55][78] Other Important Information - The company completed a divestiture of its infrastructure and automotive business, recording a one-time gain of $2.1 billion [20] - A modified Dutch auction tender offer repurchased approximately $640 million of common stock, retiring about 4 million shares [23][24] Q&A Session Summary Question: Impact of wafer supply on revenue growth - Management indicated that supply constraints are expected to continue, but demand is increasing, widening the gap [46][47] Question: Share count post-accelerated share repurchase - Estimated share count for Q4 is around 39 million shares [48] Question: Pricing environment and cost increases - Management confirmed substantial pricing power in the IoT market and is passing on cost increases to customers while maintaining relationships [54][55] Question: Long-term operating margin outlook - Management remains committed to the profitability model and is pleased with current performance, with no changes to long-term outlook [59] Question: Details on the CPMS program - The CPMS program allows customers to customize devices during manufacturing, enhancing security and simplifying supply chains [62][64] Question: Channel inventory and bookings stability - Channel inventory is stable, and bookings remain elevated, indicating strong demand [82] Question: Demand landscape for IoT - Demand is strong across various technologies and markets, with an acceleration in design-wins contributing to growth [86][87] Question: Capacity commitments from suppliers - Management is actively working to secure additional supply and expects to increment supply each quarter moving into 2022 [90][91] Question: Gross margin volatility and mix shift - Management noted that certain product lines carry higher margins, and favorable mix shifts are contributing to current gross margin performance [93]

SILICON LABS | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------|-----------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Silicon Labs Investor | | | | | | | | | | Presentation | | | | | | | | | October 27, 2021 | | | | | | | | | Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements based on Silicon Labs' curr ...

Silicon Laboratories Inc. (NASDAQ:SLAB) Q2 2021 Earnings Conference Call July 28, 2021 8:30 AM ET Company Participants Austin Dean – Investor Relations Manager John Hollister – Chief Financial Officer Tyson Tuttle – Chief Executive Officer Matt Johnson – President Conference Call Participants Gary Mobley – Wells Fargo Securities Blayne Curtis – Barclays Matt Ramsay – Cowen Raji Gill – Needham and Company Srini Pajjuri – SMBC Nikko Securities Tore Svanberg – Stifel Operator Hello. My name is Jason, and I'll ...

Silicon Labs Investor Presentation 2 8 A P R I L 2 0 2 1 Private Securities Litigation Reform Act of 1995 2 This presentation contains forward-looking statements based on Silicon Labs' current expectations. The words "believe," "estimate," "expect," "intend," "anticipate," "plan," "project," "will" and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silicon Labs and are subj ...

Silicon Laboratories Inc (NASDAQ:SLAB) Q1 2021 Earnings Conference Call April 28, 2021 8:30 AM ET | --- | |---------------------------------------------| | | | Company Participants | | Austin Dean - IR Manager | | Tyson Tuttle - CEO | | John Hollister - CFO | | Giovanni Pacelli - Senior Director, Finance | | Conference Call Participants | | Gary Mobley - Wells Fargo Securities | | Blayne Curtis - Barclays Capital | | Craig Hettenbach - Morgan Stanley | | Raji Gill - Needham & Company | | Matt Ramsay - Cowan ...

Silicon Labs Investor Presentation 3 F E B R U A R Y 2 0 2 1 Private Securities Litigation Reform Act of 1995 2 This presentation contains forward-looking statements based on Silicon Labs' current expectations. These forward-looking statements involve risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Silicon Labs believes that it is important to communicate the company's future expectations to investors. Howev ...

Silicon Laboratories Inc (NASDAQ:SLAB) Q4 2020 Results Conference Call February 3, 2021 8:30 AM ET Company Participants George Lane - Director of Investor Relations and International Finance John Hollister - Chief Financial Officer Tyson Tuttle - President and Chief Executive Office Conference Call Participants Gary Mobley - Wells Fargo Securities Blayne Curtis - Barclays Matt Ramsay - Cowen Craig Hettenbach - Morgan Stanley Srini Pajjuri - SMBC Nikko Securities Tore Svanberg - Stifel Raji Gill - Needham & ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 2, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number: 000-29823 SILICON LABORATORIES INC. (Exact name of registrant as specified in its charter) Delaware (S ...