Silicon Laboratories, Inc.

good morning everyone my name is jamie and i'll be your operator today welcome to the silicon labs fourth quarter 2022 earnings release conference call all participants are in a listen-only mode should you need assistance please know a conference specialist by pressing the star key followed by zero after today's presentation there will be an opportunity to ask questions to ask a question you may press star and then one To withdraw your questions, you may press star and two. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Giovanni Pacelli, Silicon Labs Senior Director of Finance. Giovanni, please go ahead.

Thank you, Jamie, and good morning, everyone. We are recording this meeting, and a replay will be available for four weeks on the investor relations section of our website. at scilabs.com forward slash investors. Our earnings press release and the accompanying financial tables are also available on our website. Joining me today are Silicon Labs President and Chief Executive Officer Matt Johnson and Chief Financial Officer John Hollister. They will discuss our fourth quarter financial performance and review recent business activities. We will take questions after our prepared comments and our remarks today will include forward looking statements subject to risk and uncertainties. We base these forward-looking statements on information available to us as of the date of this conference call and assume no obligation to update these statements in the future. We encourage you to review our SEC filings, which identify important risk factors that could cause actual results to differ materially from those contained in any forward-looking statements. Additionally, during our call today, we will refer to certain non-GAAP financial information. A reconciliation of our gap to non-gap results is included in the company's earnings press release and on the investor relations section of the Silicon Labs website. I'll now turn the call over to Silicon Labs Chief Executive Officer, Matt Johnson. Matt.

Thanks Giovanni and good morning everyone. At our analyst day last March, I spoke about our singular focus on the IoT market and my confidence in our ability to lead and scale in this large and fast growing market. In 2022, our strategy took hold. We achieved strong gains in market share and our growth accelerated. We surpassed $1 billion in revenue for the first time, which is a great milestone for the company. More importantly, in just two years, we've doubled our revenue organically and have significantly improved our profitability and earnings per share. I'm incredibly proud of the team for these achievements. We continue to secure major greenfield design wins and remain well positioned to outperform the market even amid macro uncertainty. The IoT market has incredible potential with thousands of new applications on the horizon. Silicon Labs is unmatched in the breadth of our product portfolio, the depth of our wireless expertise, and our singular focus on wireless connectivity solutions for the internet of things. Our leadership is driving an acceleration of growth in our design wins. Our DesignWin lifetime revenue for 2022 is up more than 50% over 2021's level, which is a leading indicator of future revenue growth. DesignWins indicate that a customer has selected us for their socket, and our metric requires us to have shifted at least $1,000 of parts into that design before it counts as a DesignWin. Our opportunity pipeline is approaching $17 billion, nearly double the level of 2020. We strengthened our customer and supplier relationships by the way we navigated the supply crisis together. Our singular focus on the IoT market proved to be a competitive advantage. As supply and demand come into alignment, we are well positioned to scale and capitalize, serve an increasingly diverse customer base, and capture future market share. I'll now turn the call over to John to cover the financials before I make a few closing remarks. John?