Silicon Labs Revenue Beats Estimates, Analysts Highlight Inventory Recovery
1. Silicon Labs reported $178 million in Q1 revenues, beating expectations. 2. Industrial & Commercial revenue grew 47% year-over-year; Home & Life up 99%. 3. Analysts are bullish, projecting continued revenue growth and margin improvements. 4. The company is expected to meet FY25 revenue estimates of $785 million. 5. Managing inventory levels well; bullish projections for second half of FY25.