Silicon Labs Grows Revenue 46% in Third Quarter 2022

Non-GAAP Financial Measurements

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 October 1, 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	$269,817

Gross profit	165,585	61.4 %	$288	$ --	$165,873	61.5 %

Research and development	84,624	31.4 %	8,788	7,305	68,531	25.4 %

Selling, general and administrative	50,738	18.8 %	6,874	829	43,035	15.9 %

Operating income	30,223	11.2 %	15,950	8,134	54,307	20.1 %

	Three Months Ended October 1, 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	$20,999	$15,950	$8,134	$(1,819)	$(1,052)	$42,212

Diluted shares outstanding	34,779					34,779

Diluted earnings per share	$ 0.60					$ 1.21
* Represents pre-tax amounts

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