Silicon Laboratories Inc. reported fourth-quarter FY21 revenue growth of 43 percent Y/Y to $208.68 million, beating the consensus of $200.2 million. Margins The non-GAAP gross margin expanded 280 bps to 61.4 percent. The non-GAAP operating margin contracted 240 bps to 16.3 percent. The non-GAAP EPS of $0.77 beat the consensus of $0.57. Silicon Labs held $2.04 billion in cash and equivalents. Outlook Silicon Lab sees Q1 FY22 revenue of $220 million – $230 million, above the consensus of $201.9 million, and non-GAAP EPS of $0.58 – $0.68, above the consensus of $0.46. “We delivered record IoT revenue and gained momentum across our entire wireless portfolio,” said CEO Matt Johnson. “We’re well-positioned to take advantage of the accelerating IoT growth across smart home, medical, industrial, and commercial segments in 2022.” By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.