Silicon Labs (SLAB) Swung to a Non-GAAP Profit, but Wall Street Hesitates
Silicon Labs (SLAB) reported Q2 revenue of $228M, up 18% YoY, and non-GAAP EPS of $0.71, a 545% YoY increase. All segments showed growth, with Medical revenue up 78%. GAAP losses persisted, with an operating loss of $11M. The company is being acquired by Texas Instruments and has suspended guidance. Hedge fund ownership increased slightly, while short interest remains high at 13.68%.

