Silicon Labs Accelerates Revenue Growth in First Quarter 2022

 

Non-GAAP Financial Measurements


In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits.  Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.


The non-GAAP financial measurements do not replace the presentation of Silicon Labs' GAAP financial results.  These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs' financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.


Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures

(In thousands, except per share data)




Three Months Ended

April 2, 2022

Non-GAAP Income Statement Items


GAAP

Measure


GAAP

Percent of
Revenue


Stock
Compensation
Expense


Intangible Asset
Amortization


Non-GAAP

Measure


Non-GAAP

Percent of
Revenue

Revenues


$233,814
























Gross profit


155,772


66.6%


$272


$        --


$156,044


66.7%














Research and development


77,542


33.2%


6,991


7,570


62,981


26.9%














Selling, general and administrative


44,647


19.0%


5,613


2,781


36,253


15.5%














Operating income


33,583


14.4%


12,876


10,351


56,810


24.3%
















Three Months Ended

April 2, 2022

Non-GAAP Earnings Per Share


GAAP

Measure


Stock

Compensation
Expense*


Intangible Asset
Amortization*


Equity-Method

Investment
Adjustments*


Income

Tax

Adjustments


Non-

GAAP

Measure

Net income


$22,907


$12,876


$10,351


$(1,194)


$(3,410)


$41,530














Diluted shares outstanding


39,523










39,523














Diluted earnings per share


0.58










1.05


* Represents pre-tax amounts


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