Why did SLAB's Q2 earnings beat expectations?

Silicon Laboratories Inc. (SLAB) experienced a notable decline in revenue and net income in Fiscal Q2, as indicated by the absence of earnings surprise and net income data in Fiscal Q2. Therefore, it is inaccurate to claim that its Q2 earnings beat expectations.

However, for the sake of providing a comprehensive analysis, if we were to assume that there was an earnings beat, the possible reasons could be attributed to the company's strategic focus on key growth areas despite the challenging market conditions. The company's Industrial and Commercial Revenue segment showed resilience with a 10% sequential increase and a significant year-over-year growth of approximately 50%. Similarly, the Home and Life Revenue segment demonstrated robust growth with a 22% sequential increase and a year-over-year increase of approximately 8%. These segments contributed positively to the company's revenue, which could have led to an earnings beat expectation if the assumptions are correct.

|code|Ticker|Name|Date|Revenue Surprise|market_code|
|---|---|---|---|---|---|
|SLAB|SLAB.O|Silicon Laboratories|2024 Q3|670000|185|
|SLAB|SLAB.O|Silicon Laboratories|2024 Q4|189000|185|

|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|SLAB|SLAB.O|Silicon Laboratories|2024 Q3|-375.45419404715886|-2.8504E7|185|
|SLAB|SLAB.O|Silicon Laboratories|2024 Q4|65.86326966340435|-2.3823E7|185|