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Silicon Labs' CEO Talks to TheStreet About IoT, 5G and Data Center Opportunities

Eric Jhonsa

trades near its 52-week high following a better-than-expected earnings report, its CEO asserts the company's growth opportunities put it on relatively sound footing as the chip industry deals with an ongoing downturn. Silicon Labs' shares rose on April 25 over 17% after the company beat Q1 EPS estimates, reported roughly in-line revenue and (importantly) issued better-than-expected Q2 sales guidance. On average, analysts polled by FactSet expect Silicon Labs' annual revenue decline to narrow to 5% in Q2 from 8% in Q1, and for the company to return to revenue growth in Q4.