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 ...

Financial Data and Key Metrics Changes - The company reported record revenue for Q1 2021 at $256 million, which is up 5% sequentially and 19% year-on-year, exceeding initial guidance [10] - Non-GAAP gross margin for the quarter was 59.1%, better than expected due to a strengthened product mix and operational efficiencies [12] - Non-GAAP operating profit for Q1 was $48 million, representing 18.7% of revenue [12] Business Line Data and Key Metrics Changes - IoT revenue for Q1 was $158 million, up 7% from Q4 and 34% year-on-year, with IoT wireless leading the growth at 44% year-on-year [10] - Infrastructure and automotive revenue was $97 million, up 2% sequentially but flat year-on-year [10] - R&D expenses were $61 million, accounting for 24% of revenue, while SG&A expenses were $42 million, or 17% of revenue [12] Market Data and Key Metrics Changes - Revenue from industrial, consumer, and communications markets increased in Q1, while automotive revenue saw a slight decline [11] - Distribution sales accounted for 79% of total revenue, with days sales of inventory (DSI) at around 41 days, down from 47 days at the end of Q4 [11] - Geographically, APAC and Europe showed particular strength, while sales in the Americas decreased [11] Company Strategy and Development Direction - The company signed a definitive asset purchase agreement with Skyworks Solutions for the divestiture of its infrastructure and automotive business, focusing on becoming a leader in intelligent wireless connectivity for the IoT market [7][28] - The company aims to capitalize on the growing IoT market, with a robust opportunity pipeline valued at $15 billion [19] - Strategic investments have been made to enhance security in IoT devices, achieving PSA certified highest level of IoT hardware and software security [21][22] Management's Comments on Operating Environment and Future Outlook - Management noted that the pandemic has accelerated digital transformation, creating market opportunities despite global supply chain constraints [19] - The company expects revenue for Q2 to be in the range of $262 million to $272 million, with IoT revenue expected to grow 25% to 30% for the full year [15] - Supply chain constraints are anticipated to persist for several quarters, impacting gross margins and necessitating price increases [16] Other Important Information - The company ended Q1 with cash and investments totaling $578 million, with operating cash flow of $15 million [13] - The company completed the redemption of its 2022 convertible notes and has no balance outstanding on those notes [14] - The management team has been strengthened with new appointments to enhance operational focus [31] Q&A Session Summary Question: Can you elaborate on gross margin performance? - Management indicated that technology mix and end market/customer mix were relevant, with strong results in industrial and commercial sectors positively impacting IoT margins [40] Question: How do supply chain constraints affect IoT revenue expectations? - Management confirmed that known supply chain constraints were factored into the revenue guidance for IoT [41] Question: What is the outlook for infrastructure margins? - Management noted strength in automotive and timing solutions, contributing positively to infrastructure revenue [46] Question: What is the expected growth rate for IoT? - Management indicated a target of 20% CAGR for IoT, suggesting a doubling of revenue over time if sustained [48] Question: How is the company addressing supply chain constraints? - Management acknowledged that the semiconductor industry is facing supply constraints, particularly in mature technologies, and improvements are expected to take time [58] Question: What are the plans for cash after the I&A divestiture? - Management emphasized the priority of returning cash to shareholders while focusing on execution and optimization within the IoT business [65]

Company Overview - Silicon Labs is a leading provider of silicon, software, and solutions for a smarter, more connected world[4] - The company focuses on simplicity and scale to accelerate growth with a scalable, fabless manufacturing model[4] - Silicon Labs has a global presence with headquarters in Austin, TX, and international operations[6] Market Opportunity and Growth - The company estimates a $31 billion Total Addressable Market (TAM) and a $14 billion Serviceable Available Market (SAM) in 2023[16] - The SAM is expected to grow at a 9% Compound Annual Growth Rate (CAGR) from 2019 to 2023[17] - The IoT market SAM is projected to reach $10 billion in 2023, with a 10% CAGR from 2019-2023[32, 33] Core Product Categories - In 2020, IoT accounted for 58% of the company's revenue, while Infrastructure & Automotive contributed 42%[29] Financial Performance and Model - The company's target financial model includes a gross margin of 58-60% and an operating income of 20-25%[68] - Silicon Labs has generated approximately $17 billion in cumulative operating cash flow since 2007[72]

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 ...

Silicon Laboratories Inc (NASDAQ:SLAB) Q3 2020 Earnings Conference Call October 28, 2020 8:30 AM ET Company Participants George Lane - Director of Investor Relations and International Finance John Hollister - Senior Vice President and Chief Financial Officer Tyson Tuttle - President and Chief Executive Office Conference Call Participants Blayne Curtis - Barclays Gary Mobley - Wells Fargo Srini Pajjuri - SMBC Nikko Securities Inc Tore Svanberg - Stifel Financial Corp. Rajvindra Gill - Needham & Company Suji ...

Silicon Labs Investor Presentation 2 8 O C T O B E R 2 0 2 0 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) Q2 2020 Earnings Conference Call July 29, 2020 8:30 AM ET Company Participants George Lane - Director of IR and International Finance John Hollister - CFO Tyson Tuttle - CEO Conference Call Participants Gary Mobley - Wells Fargo Blayne Curtis - Barclays Raj Gill - Needham & Company Tore Svanberg - Stifel Srini Pajjuri - SMBC Matt Ramsay - Cowen Suji Desilva - Roth Capital Alessandra Vecchi - William Blair & Company Operator Good morning. My name is Nick. I will be you ...

Silicon Labs Investor Presentation 2 9 J U L Y 2 0 2 0 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. However, th ...