Silicon Labs (NASDAQ: SLAB) reported Q4 EPS of $0.91, $0.03 worse than the analyst estimate of $0.94. Revenue for the quarter came in at $215.53 million versus the consensus estimate of $224.24 million.

• Non-GAAP gross margin was 60.6%.
• Non-GAAP R&D expenses were $49 million.
• Non-GAAP SG&A expenses were $39 million.
• Non-GAAP operating income as a percentage of revenue was 19.6%.
• Non-GAAP diluted earnings per share were $0.91.

"We are proud of our performance in 2018, which was a strong year for Silicon Labs in many dimensions. We completed the successful acquisition of Z-Wave, strengthened our team, and grew our revenue and design wins to record levels," said Tyson Tuttle, CEO of Silicon Labs. "Despite current volatility, we remain confident about our longer-term ability to outperform the market. We are focused on executing on our product roadmaps and converting a large pipeline of opportunities into additional wins and share gains. The technologies we are developing are enabling our customers to transform industries and improve lives."

GUIDANCE:

Silicon Labs sees Q1 2019 EPS of $0.42-$0.52, versus the consensus of $0.82.

• Non-GAAP gross margin at approximately 60.0%.
• Non-GAAP operating expenses at approximately $90.0 million.
• Non-GAAP effective tax rate at 13.0%.
• Non-GAAP diluted earnings per share between $0.42 and $0.52.

For earnings history and earnings-related data on Silicon Labs (SLAB) click here.