Silicon Laboratories Inc (SLAB) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 29, 2018

Exhibit 99

Silicon Labs Announces Third Quarter 2018 Results

— Record Revenue in IoT and Infrastructure —

AUSTIN, Texas — Oct. 24, 2018 —

“We are delighted to report outstanding third quarter 2018 financial performance, including 16 percent year-on-year revenue growth,” said Tyson Tuttle, CEO of Silicon Labs. “We saw sequential growth in all core business categories in Q3 and delivered record performance in IoT and Infrastructure. We have delivered target operating model performance in top line revenue growth, non-GAAP gross margin, non-GAAP opex and non-GAAP operating margin for the past five quarters.”

Third Quarter Financial Highlights

·                  IoT revenue increased to $125 million, up 8% sequentially and 25% year-on-year.

·                  Infrastructure revenue increased to $53 million, up 2% sequentially and 35% year-on-year.

·                  Broadcast revenue increased to $36 million, up 6% sequentially and down 16% year-on-year.

·                  Access revenue increased to $16 million, up 5% sequentially and down 4% year-on-year.

On a GAAP basis:

·                  GAAP gross margin was 58.9%

·                  GAAP R&D expenses were $61 million

·                  GAAP SG&A expenses were $49 million

·                  GAAP operating income as a percentage of revenue was 10.9%

·                  GAAP diluted earnings per share were $0.63

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

·                  Non-GAAP gross margin was 60.8%