Silicon Labs Grows Revenue 55% in Second Quarter 2022

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 July 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	$263,150

Gross profit	163,903	62.3 %	$ 274	$ --	$164,177	62.4 %

Research and development	83,511	31.7 %	7,703	7,363	68,445	26.0 %

Selling, general and administrative	49,013	18.7 %	6,412	1,479	41,122	15.6 %

Operating income	31,379	11.9 %	14,389	8,842	54,610	20.8 %

	Three Months Ended July 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	$22,135	$14,389	$8,842	$28	$(2,631)	$42,763

Diluted shares outstanding	36,604					36,604

Diluted earnings per share	$ 0.60					$ 1.17

* Represents pre-tax amounts

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