Silicon Labs Q1 Revenue Rises 20% to $214M, EPS $0.53
Silicon Labs delivered $214 million in Q1 revenue, up 20% year-over-year, with non-GAAP EPS of $0.53 and gross margin of 59.7%. Industrial & Commercial revenue rose 33% to $128 million while book-to-bill hit a multi-year high on record design wins; merger with Texas Instruments advances.
1. First Quarter Financial Highlights
Silicon Labs reported Q1 revenue of $214 million, a 20% increase year-over-year, driven by 33% growth in Industrial & Commercial revenue and 5% growth in Home & Life markets. GAAP gross margin reached 59.5%, while non-GAAP margin was 59.7%, and non-GAAP EPS was $0.53.
2. Bookings and Design Win Momentum
The company saw accelerating bookings with reduced distributor and end-customer inventories, pushing the book-to-bill ratio to a multi-year high. Design win momentum exceeded 2025’s run rate for two consecutive quarters, led by strength in industrial IoT applications such as electronic shelf labels, smart metering and medical devices.
3. Progress of Pending Texas Instruments Merger
Progress in the pending merger with Texas Instruments continues, as both companies work through regulatory and integration planning. Silicon Labs remains focused on disciplined execution and sustaining its durable growth trajectory during the acquisition process.