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) | ||||||||||||||
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| Three Months Ended July 1, 2023 | ||||||||||||
Non-GAAP Income Statement Items |
| GAAP Measure |
| GAAP Percent of
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| Stock
|
| Intangible
|
| Termination
|
| Non-GAAP Measure |
| Non-GAAP Percent of
|
Revenues |
| $244,866 |
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Gross profit |
| 143,775 |
| 58.7 % |
| $283 |
| $ -- |
| $58 |
| $144,116 |
| 58.9 % |
|
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Research and development |
| 85,902 |
| 35.1 % |
| 8,813 |
| 6,375 |
| 1,157 |
| 69,557 |
| 28.4 % |
|
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|
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Selling, general and administrative |
| 40,706 |
| 16.6 % |
| 5,643 |
| 19 |
| 368 |
| 34,676 |
| 14.2 % |
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|
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| Operating income |
| 17,167 |
| 7.0 % |
| 14,739 |
| 6,394 |
| 1,583 |
| 39,883 |
| 16.3 % |
