Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
CONTACT: Jalene Hoover, +1 (512) 428-1610, Jalene.Hoover@silabs.com
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Silicon Laboratories Inc. | |||||||
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Condensed Consolidated Statements of Income | |||||||
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(In thousands, except per share data) | |||||||
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(Unaudited) | |||||||
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Three Months Ended |
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Nine Months Ended | ||||
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September 30,
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October 1,
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September 30,
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October 1,
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Revenues |
$198,723 |
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$178,083 |
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$567,849 |
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$515,016 |
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Cost of revenues |
82,149 |
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69,880 |
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232,922 |
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202,988 |
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Gross margin |
116,574 |
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108,203 |
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334,927 |
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312,028 |
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Operating expenses: |
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Research and development |
52,000 |
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48,437 |
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156,756 |
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149,118 |
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Selling, general and administrative |
39,606 |
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38,034 |
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119,587 |
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116,716 |
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Operating expenses |
91,606 |
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86,471 |
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276,343 |
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265,834 |
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Operating income |
24,968 |
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21,732 |
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58,584 |
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46,194 |
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Other income (expense): |
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Interest income and other, net |
1,923 |
|
273 |
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4,094 |
|
449 |
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Interest expense |
(4,764) |
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(643) |
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(9,265) |
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(1,939) |
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Income before income taxes |
22,127 |
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21,362 |
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53,413 |
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44,704 |
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Provision for income taxes |
2,178 |
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1,344 |
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1,469 |
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3,319 |
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Net income |
$ 19,949 |
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$ 20,018 |
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$ 51,944 |
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$ 41,385 |
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Earnings per share: |
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Basic |
$ 0.47 |
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$ 0.48 |
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$ 1.23 |
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$ 0.99 |
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Diluted |
$ 0.46 |
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$ 0.47 |
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$ 1.20 |
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$ 0.98 |
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Weighted-average common shares outstanding: |
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Basic |
42,553 |
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41,614 |
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42,376 |
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41,673 |
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Diluted |
43,374 |
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42,307 |
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43,194 |
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42,263 |
