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Silicon Laboratories Management Discusses Q2 2012 Results - Earnings Call Transcript

I am joined today by Tyson Tuttle, President and Chief Executive Officer; and Paul Walsh, Chief Financial Officer. We will discuss our financial results and review our business activities for the quarter. We will have a question-and-answer session following our prepared remarks.

Our comments today will include forward-looking statements or projections that involve substantial risks and uncertainties. We base these forward-looking statements on information available to us as of the date of this conference call. This information will likely change over time. By discussing our current perception of our market and the future performance of Silicon Labs and our products with you today, we are not undertaking an obligation to provide updates in the future. There are a variety of factors that we may not be able to accurately predict or control that could have a material adverse effect on our business, operating results and financial conditions. We encourage you to review our SEC filings that identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements. Also the non-GAAP financial measurements, which are discussed today, are not intended to replace the presentation of Silicon Laboratories GAAP financial results. We are providing this information because it may enable investors to perform meaningful comparisons of operating results and more clearly highlight the results of core ongoing operations.

I would now like to turn the call over to Silicon Laboratories' Chief Executive Officer, Tyson Tuttle.

G. Tyson Tuttle

Good morning, everyone. We had another great quarter with all 3 of our major product line categories posting growth. We delivered upside to revenue, operating income and earnings and we see product cycle momentum continuing into Q3. We announced this strategic acquisition, which will also begin contributing to the top line in Q3.

I'm going to turn the call over to Paul to review the specifics of the quarter and then I will provide some further commentary on the business and our Q3 outlook. Paul?

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