Silicon Labs reports Q4 non-GAAP EPS ($1.19), consensus ($1.43)

Reports Q4 revenue $87M, consensus $85.21M. “Though the market environment remains volatile, with inventory corrections continuing across our end markets, we delivered top and bottom-line results ahead of expectations,” said Matt Johnson, President and CEO. “We expect to return to sequential revenue growth, beginning in the first quarter, as our customers destock their inventories, design wins continue ramping to production, and bookings trends improve.”