I recommended a buy rating for Silicon Laboratories (NASDAQ: SLAB ) when I wrote about it in July last year, as I was bullish on SLAB reporting growth recovery as the inventory oversupply situation continued toI consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, et ...

Wirepas interoperable RF mesh with Silicon Labs FG23 SoC delivers 99.9% reliabilityAUSTIN, Texas, Dec. 5, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a global leader in secure, intelligent wireless technology, today announced that they have shipped four million FG23 SoCs for smart electricity meters as part of India's Advanced Metering Initiative (AMI).These FG23 SoCs use RF mesh technology from Wirepas, a leader in wireless connectivity solutions. The availability and performance of the chip has driv ...

New SiWx917Y Modules Offer Plug-and-Play Simplicity with Global RF Certifications AUSTIN, Texas, Dec. 3, 2024 /PRNewswire/ -- Today Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, announced the SiWx917Y ultra-low power Wi-Fi® 6 and Bluetooth® Low Energy (LE) 5.4 modules. The SiWx917Y Module is pre-certified with global Wi-Fi standards to help designers get to market faster. Credit: Silicon Labs As an extension of the successful Series 2 platf ...

AUSTIN, Texas, Nov. 25, 2024 /PRNewswire/ -- Silicon Labs, a leader in secure, intelligent wireless technology, today announced that they scored in the top 1 percent of companies in EcoVadis's Environment, Sustainability, and Governance (ESG) ratings with an overall score of 83 out of 100."EcoVadis is a widely recognized assessor of business and supply chain sustainability and governance best practices," said Dean Butler, Chief Financial Officer at Silicon Labs. "By scoring in the 99th percentile, Silicon L ...

With the exception of companies highly leveraged to large tech companies throwing money hand over fist at AI, a great many semiconductor companies have languished as end-market demand and customer destocking have slowed in recent quarters. Again, apart from AI, not manyAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opin ...

Silicon Laboratories Inc. (NASDAQ:SLAB) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Giovanni Pacelli - Senior Director, Finance Matt Johnson - President and CEO Dean Butler - Chief Financial Officer Conference Call Participants Srini Pajjuri - Raymond Nick Doyle - Needham Cody Acree - The Benchmark Company Peter Peng - JP Morgan Operator My name is Michelle, and I will be your conference operator today. Welcome to the Silicon Labs Third Quarter Fiscal 2024 Earnings Call ...

Silicon Laboratories (SLAB) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 38.10%. A quarter ago, it was expected that this chipmaker would post a loss of $0.64 per share when it actually produced a loss of $0.56, delivering a surprise of 12.50%.Over the last four quarters, the company h ...

Financial Performance - Revenue for Q3 2024 was $166 million, with Industrial & Commercial revenue at $96 million (up 10% sequentially) and Home & Life revenue at $70 million (up 22% sequentially) [2] - GAAP gross margin was 54.3%, while non-GAAP gross margin was slightly higher at 54.5% [2] - The company reported a GAAP operating loss of $30 million and a non-GAAP operating loss of $8 million for the quarter [2] - GAAP diluted loss per share for Q3 2024 was $(0.88), while non-GAAP diluted loss per share was $(0.13) [2] - For Q4 2024, Silicon Labs expects revenue to be between $161 million and $171 million, with GAAP gross margin projected between 54% and 55% [7] Awards and Product Launches - The company announced the general availability of its first Wi-Fi 6 solution, the SiWx917, designed for ultra-low-power applications [4] - Silicon Labs' MG26 device received the IoT Evolution's Product of the Year award, highlighting its multiprotocol capabilities [6] - The 5th annual IoT developers conference attracted over 500 companies, with over 60% of attendees being new to Silicon Labs [3] Assets and Equity - Total assets as of September 28, 2024, were $1.249 billion, a decrease from $1.443 billion at the end of 2023 [18] - Total stockholders' equity decreased to $1,081,386 thousand as of September 28, 2024, down from $1,208,682 thousand at December 30, 2023 [19] - The total liabilities and stockholders' equity amounted to $1,249,242 thousand as of September 28, 2024 [19] Cash Flow and Expenses - Net income for the nine months ended September 28, 2024, was a loss of $167,187 thousand, compared to a profit of $35,271 thousand for the same period in 2023 [20] - Net cash used in operating activities improved to $(24,039) thousand for the nine months ended September 28, 2024, compared to $(48,885) thousand for the same period in 2023 [20] - Net cash provided by investing activities was $151,299 thousand for the nine months ended September 28, 2024, down from $426,418 thousand for the same period in 2023 [20] - Cash and cash equivalents at the end of the period increased to $303,082 thousand from $159,928 thousand year-over-year [20] - The company anticipates GAAP operating expenses for Q4 2024 to be approximately $118 million to $122 million [7] Inventory and Receivables - Accounts receivable showed an improvement with a decrease of $(19,585) thousand in the current period, compared to $(30,706) thousand in the previous year [20] - The company experienced a significant increase in inventories, with a change of $54,724 thousand compared to a decrease of $(66,971) thousand in the previous year [20] Depreciation and Compensation - The company reported a depreciation of property and equipment of $19,302 thousand, slightly up from $18,992 thousand in the previous year [20] - Stock-based compensation expense rose to $45,358 thousand for the nine months ended September 28, 2024, compared to $37,167 thousand in the prior year [20]

Wireless IoT leader delivers third-quarter results above the midpoint of its guidance  AUSTIN, Texas, Nov. 4, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the third quarter, which ended September 28, 2024."Silicon Labs delivered solid sequential revenue growth as several key design wins began ramping in the quarter," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Lo ...

AUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow the release at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the ...