Silicon Labs Q3 Outlook: Revenue $190M-$210M Vs. 256.16M Estimate, Adj. EPS $0.45 - $0.73 Vs. $1.08 Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Labs has provided its Q3 outlook, expecting revenue to be between $190M-$210M, lower than the $256.16M estimate. Adjusted EPS is projected to be $0.45 - $0.73, also lower than the $1.08 estimate. GAAP gross margin is expected to be 59%, with operating expenses of approximately $120M. Non-GAAP figures, excluding certain items, project a gross margin of 59% and operating expenses of approximately $95M.
July 26, 2023 | 11:09 am
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Silicon Labs' Q3 outlook is lower than estimates, which could negatively impact its stock price in the short term.
Silicon Labs' projected Q3 revenue and EPS are lower than estimates. This could lead to a negative market reaction, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100