Silicon Laboratories Posts Q2 Beat

Silicon Laboratories reported Wednesday better-than-expected results for Q2 while providing outlook for Q3 that was in line to above expectations. Non-GAAP diluted EPS was $0.79, up from last year’s $0.63, exceeding the Capital IQ consensus of $0.71. Revenues grew to $190.1 million from $174.9 million, also beating the mean forecast of $186.5 million provided by Capital IQ.

For Q3, the company expects revenues in the range of $193 million to $199 million and non-GAAP diluted EPS of between $0.78 and $0.84. Analysts are expecting revenues of $192.8 million and EPS of $0.78 per share.

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