Silicon Laboratories Expects Q2 Revenue of $135M-$145M Vs $141.41M Est, Adj EPS Loss of $(0.58)-$(0.70) Vs $(0.45) Est

Author: Benzinga Newsdesk | April 24, 2024 07:14am

Business Outlook

The company expects second-quarter revenue to be between $135 to $145 million. The company also estimates the following results:

On a GAAP basis:

• GAAP gross margin to be 53%
• GAAP operating expenses of approximately $125 million
• GAAP diluted loss per share per share between $(1.45) to $(1.61)

On a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the reconciliation tables:

• Non-GAAP gross margin to be 53%
• Non-GAAP operating expenses of approximately $102 million
• Non-GAAP diluted loss per share between $(0.58) to $(0.70)

Posted In: SLAB