Silicon Labs reports Q1 revenue of $214M and non-GAAP EPS of $0.53, driven by strong industrial IoT demand.

Silicon Labs posted $214 million in revenue for Q1 2026, a 20% increase year-over-year, with non-GAAP earnings per share of $0.53. Growth was led by a 33% rise in industrial and commercial revenue, fueled by demand in electronic shelf labels and smart metering. The company also saw a 21% increase in medical applications revenue and maintained strong design win momentum. Silicon Labs is progressing with its merger plans with Texas Instruments but has suspended forward-looking guidance amid the acquisition process.