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Silicon Labs Investor Presentation ©Silicon Labs Inc. All rights reserved.1 NOVEMBER 4, 2025
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This presentation contains forward-looking statements based on Silicon Labs’ current expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silicon Labs and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs’ business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs’ distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital- raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs’ products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this presentation to Silicon Labs shall mean Silicon Laboratories Inc. ©Silicon Labs Inc. All rights reserved.2 Private Securities Litigation Reform Act of 1995
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In addition to the GAAP results provided throughout this presentation, 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 . ©Silicon Labs Inc. All rights reserved.3 Non-GAAP Financial Measures
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The Leading Innovator in Low-Power Connectivity $166 $166 $178 $193 $206 $207.5 Q3'2024 Q4'2024 Q1'2025 Q2'2025 Q3'2025 Q4'2025 F O U N D E D I N 1 9 9 6 LISTED SLAB >1,500 PATENT ASSETS Midpoint of Guidance +24% Y-Y +25% Y-Y Quarterly Revenue ($M)
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To Be Undisputed Leader in Embedded Wireless O U R V I S I O N ©Silicon Labs Inc. All rights reserved.5
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Broad market IoT adoption is accelerating: Barriers to adoption reduced Industry initiatives Artificial Intelligence >10 Billion devices per year by 2035 Our Market ©Silicon Labs Inc. All rights reserved.6
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▪ Revenue of $206 million increased 7% q/q ▪ Home & Life increased 6% q/q ▪ Industrial & Commercial increased 7% q/q Revenue Q3 2025 7 ©Silicon Labs Inc. All rights reserved. $88M Home & Life $118M Industrial & Commercial $193M $206M Q2 2025 Q3 2025 Revenue 7% Q-Q Growth
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Home & Life 8 ©Silicon Labs Inc. All rights reserved. $70 $78 $82 $83 $88 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Home & Life ($M) 26% Y-Y Growth in Q3’25
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Industrial & Commercial 9 ©Silicon Labs Inc. All rights reserved. $96 $89 $96 $110 $118 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Industrial & Commercial ($M) 22% Y-Y Growth in Q3’25
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Gross Margin Q3 2025 10 ©Silicon Labs Inc. All rights reserved. ▪ GAAP gross margin improved to 57.8% in Q3, up from 56.1% in Q2 ▪ Non-GAAP gross margin improved to 58.0% in Q3, up from 56.3% in Q2 57.8% 56.1% Q3 2025 Q2 2025 GAAP 58.0% 56.3% Q3 2025 Q2 2025 Non-GAAP1 1 These items are non-GAAP and exclude stock compensation expense, amortization of intangible assets, and certain other adjustments outlined in the GAAP reconciliation referred to on slide 14.
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▪ GAAP loss per share was $(0.30) in Q3 compared to $(0.67) in Q2 ▪ Non-GAAP earnings per share improved by 182% to $0.32 in Q3 from $0.11 in Q2 Earnings Per Share Q3 2025 11 ©Silicon Labs Inc. All rights reserved. ($0.67) ($0.30) GAAP Q2 2025 Q3 2025 $0.11 $0.32 Non-GAAP1 Q2 2025 Q3 2025 1 These items are non-GAAP and exclude stock compensation expense, amortization of intangible assets, and certain other adjustments outlined in the GAAP reconciliation referred to on slide 14.
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Q3 2025 Balance Sheet Highlights ©Silicon Labs Inc. All rights reserved.12 Days of inventory on hand was 85 days in Q3’25 compared to 86 days in the prior quarter ($ in Millions) Q2 2025 Q3 2025 Q/Q Cash, Cash Equivalents & STI* $416 $439 $23 Accounts Receivable $56 $67 $11 Net Inventory $81 $82 $1 Total Debt 0 0 0 *Cash, Cash Equivalents, and Short-Term Investments
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Q4 2025 Outlook ©Silicon Labs Inc. All rights reserved.13 Q4 2025 Revenue $200-$215 million Gross Margin1 (Non-GAAP) 62%-64% Operating Expenses1 (Non-GAAP) $110-$112 million Earnings Per Share1 (Non-GAAP) $0.40-$0.70 1 These items are non-GAAP and exclude stock compensation expense, amortization of intangible assets, and certain other adjustments outlined in the GAAP reconciliation referred to in the business outlook table on slide 15.
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GAAP to Non-GAAP Reconciliation ©Silicon Labs Inc. All rights reserved.14 Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except per share data) Three Months Ended October 4, 2025 Non-GAAP Income Statement Items GAAP Measure GAAP Percent of Revenue Stock Compensation Expense Intangible Asset Amortization Other Costs Non-GAAP Measure Non-GAAP Percent of Revenue Revenues $205,999 Gross profit 119,019 57.8% $474 $ — $ — $119,493 58.0% Research and development 87,685 42.6% 12,149 2,295 530 72,711 35.3% Selling, general and administrative 43,676 21.2% 7,417 — — 36,259 17.6% Operating expenses 131,361 63.8% 19,566 2,295 530 108,970 52.9% Operating income (loss) (12,342) (6.0%) 20,040 2,295 530 10,523 5.1% Three Months Ended October 4, 2025 Non-GAAP Loss Per Share GAAP Measure Stock Compensation Expense* Intangible Asset Amortization* Other Costs* Income Tax Adjustments Non-GAAP Measure Net income (loss) $(9,936) $20,040 $2,295 $530 $(2,255) $10,674 Diluted shares outstanding 32,835 217 33,052 Diluted earnings (loss) per share $(0.30) $0.32 * Represents pre-tax amounts Shares Excluded Due to Net Loss
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Unaudited Forward-Looking Statements Regarding Business Outlook ©Silicon Labs Inc. All rights reserved.15 Unaudited Forward-Looking Statements Regarding Business Outlook (In millions, except per share data) Three Months Ended January 3, 2026 Business Outlook GAAP Measure Non-GAAP Adjustments** Non-GAAP Measure Gross margin 62% to 64% —% 62% to 64% Operating expenses $134 to $136 $(24) $110 to $112 Diluted earnings (loss) per share $(0.22) to $0.08 $0.62 $0.40 to $0.70 **Non-GAAP adjustments include the following estimates: stock compensation expense of $20.9 million, intangible asset amortization of $2.3 million, other costs of $1.0 million, and the application of a long-term non-GAAP tax rate of 20%.
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2024 Region EMEA APAC AMER Our Customer Base Is Diverse, Balanced and Loyal ©Silicon Labs Inc. All rights reserved.16 2024 Customers Largest customer is <10% ~125 $1M customers Largest Region 36% ~15% China Long tail
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Market Selection Allows for Above Industry Growth Opportunity 10-15% CAGR : IoT Market Growth Rate • SLAB history of outperformance (high-end of the market range) • Multi-year track record of Share Gains 5-10% Incremental CAGR : Silicon Labs Specific • $10B* in design wins captured, now converting to revenue • Outsized growth potential: CGM, ESL, Smart Meters, Matter • Share gains in Bluetooth • New expansion TAM into Wi-Fi Results in 15-25% Revenue Growth Forecast 3x the Semiconductor Market Growth Rate (6-7% per WSTS) Footnote: *Total Design Wins (DWINs) of $10 billion represent the management estimated cumulative lifetime value of awards in the years of 2022-2024. Opportunities vary in size and have an average duration of 4 -5 years lifetime. Source of Semiconductor market growth rate: Nov 2024 publication by WSTS representing 5.7% CAGR for the period 2021 -2027, and 6.9% CAGR for the period 2024-2028. ©Silicon Labs Inc. All rights reserved.17
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Deep Customer Relationships & Commitment to Innovation ©Silicon Labs Inc. All rights reserved.18 Instrumentation and Electronics Awards IoT Product of the Year 2025 BG29 Bluetooth SoC family 2025 IoT Evolution Smart City Product of the Year FG23 SoC 2025 IoT Evolution Asset Tracking Awards BG27 SoC Great place to work 2025 Certified since 2019 Austin Business Journal - 2025 CEO of the Year Matt Johnson – President and Chief Executive Officer Sustainability Received a Prime ISS ESG Corporate Rating and ranked in the top 1% of ~73K companies assessed worldwide by Ecovadis, recognizing commitment to corporate sustainability Embedded World 2025 Best in Show Embedded Computing Design Europe Best in Show Award, IoT & Connectivity: MG26 SoC IoT Breakthrough Awards 2025 IoT Semiconductor Innovation of the Year: xG22E SoC
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Thank you