Group 1 - Silicon Labs will host an Analyst Day event for institutional investors and equity analysts on March 11, 2025, from 9:00am to 12:00pm Eastern Time in New York City [1][2] - The Analyst Day will feature a comprehensive review of the company's long-term strategy, key growth initiatives, financial outlook, and a Q&A session with the leadership team [2] - The event will be webcast, and a replay will be available shortly after the live session [2] Group 2 - Silicon Labs is recognized as a leader in secure, intelligent wireless technology, providing integrated hardware and software platforms for various applications [3] - The company aims to facilitate developers in addressing complex wireless challenges and accelerating time-to-market with innovative solutions [3]

Private Securities Litigation Reform Act of 1995 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 ac ...

Revenue Performance - Fourth quarter revenue was $166 million, nearly doubling from $86.8 million in the same quarter last year, representing a growth of approximately 91%[3] - Industrial & Commercial revenue for the quarter was $89 million, down 8% sequentially, while Home & Life revenue was $78 million, up 11% sequentially[4] - The company expects first-quarter revenue to be between $170 million to $185 million, with GAAP diluted loss per share projected between $(0.75) to $(1.05)[4] - The company anticipates sequential revenue growth to resume in the first quarter of 2025, driven by design wins across key focus areas[3] Profitability and Loss - GAAP gross margin was 54.3%, with a non-GAAP gross margin of 54.6%[4] - Total operating expenses for the fourth quarter were $119 million, with GAAP operating loss of $29 million[4] - The company reported a net loss of $23.8 million for the fourth quarter, translating to a diluted loss per share of $(0.73)[11] - Non-GAAP diluted loss per share is expected to range from $0.01 to $(0.19) for the first quarter[4] - Net loss for the year ended December 28, 2024, was $191,010 thousand, compared to a net loss of $34,516 thousand in 2023, representing a significant increase in losses[22] Expenses and Investments - Research and development expenses for the fourth quarter were $82.4 million, accounting for 49.6% of revenue[15] - Stock-based compensation expense rose to $61,503 thousand in 2024, up from $48,208 thousand in 2023, indicating an increase of approximately 27.6%[22] - Net cash provided by investing activities was $113,117 thousand in 2024, a significant decrease from $469,808 thousand in 2023, representing a decline of approximately 76.1%[22] Balance Sheet and Cash Flow - Total assets decreased from $1,443,056 thousand in 2023 to $1,222,674 thousand in 2024, a decline of approximately 15.3%[20] - Cash and cash equivalents increased from $227,504 thousand at the beginning of the period to $281,607 thousand at the end, marking a rise of approximately 23.8%[22] - Total current liabilities decreased from $163,570 thousand in 2023 to $97,883 thousand in 2024, a reduction of about 40.1%[20] - Net cash used in operating activities improved from $30,348 thousand in 2023 to $13,910 thousand in 2024, reflecting a decrease in cash outflow of about 54.2%[22] - Total stockholders' equity decreased from $1,208,682 thousand in 2023 to $1,080,021 thousand in 2024, a decline of about 10.6%[20] Inventory and Receivables - Accounts receivable increased from $29,295 thousand in 2023 to $54,479 thousand in 2024, an increase of approximately 85.9%[20] - Inventories decreased significantly from $194,295 thousand in 2023 to $105,639 thousand in 2024, a reduction of about 45.5%[20] Strategic Focus - Silicon Labs continues to focus on expanding its market presence and developing new technologies to enhance its product offerings[6]

Core Viewpoint - Silicon Labs reported strong fourth-quarter results for 2024, with revenue nearly doubling year-over-year, and anticipates sequential revenue growth in the first quarter of 2025 due to increasing design wins in key focus areas [2][3]. Financial Performance - Fourth-quarter revenue was $166 million, a significant increase from $86.8 million in the same quarter of the previous year [6][9]. - Industrial & Commercial revenue was $89 million, down 8% sequentially, while Home & Life revenue was $78 million, up 11% sequentially [6]. - GAAP gross margin was 54.3%, with GAAP operating expenses at $119 million, resulting in a GAAP operating loss of $29 million [6][9]. - Non-GAAP gross margin was 54.6%, with non-GAAP operating expenses at $98 million, leading to a non-GAAP operating loss of $7 million [6][10]. Business Outlook - The company expects first-quarter revenue to be between $170 million and $185 million [3][14]. - GAAP gross margin is projected to be between 54% and 56%, with GAAP operating expenses estimated at approximately $128 million to $130 million [6][14]. - Non-GAAP diluted earnings (loss) per share is expected to range from $0.01 to $(0.19) [6][14]. Cash Flow and Balance Sheet - Cash and cash equivalents increased to $281.6 million from $227.5 million year-over-year [16][17]. - Total assets decreased to $1.22 billion from $1.44 billion year-over-year, with total liabilities also decreasing [16][17].

Core Insights - The BG22L and BG24L SoCs from Silicon Labs are designed to meet the evolving demands of the IoT market, offering a combination of security, processing power, and connectivity for cost-sensitive, low-power applications [2][6] - The introduction of Bluetooth 6.0 and Channel Sounding technology enhances the capabilities of these SoCs, enabling precise distance measurement and a variety of applications such as item finding and wireless access control [2][3] Product Features - The BG24L SoC features a 78 MHz ARM Cortex M33 processor, 768 kB of Flash, and 96 kB of RAM, optimized for Bluetooth Channel Sounding applications [4] - The BG22L is designed for common wireless applications, offering up to ten years of battery life on a coin cell battery, with ultra-low power consumption and high reliability [6][7] - Both SoCs support Bluetooth 5.4 and Bluetooth Direction Finding, with the BG22L featuring a 38.4 MHz ARM Cortex M33 processor, up to 352 kB of Flash, and up to 24 kB of RAM [8] AI/ML Capabilities - The BG24L includes a proprietary Matrix Vector Processor (MVP) AI/ML accelerator, providing up to 8x faster inferencing performance while using only 1/6th of the power compared to traditional methods [5] - This makes the BG24L suitable for time-series data applications in IoT, such as sensors and predictive maintenance, enhancing the accessibility of edge AI [5] Market Availability - Both the BG22L and BG24L are expected to be generally available in Q2 of 2025, with promotional activities planned to showcase their features [8][9]

Core Points - Silicon Labs plans to release its fourth quarter 2024 financial results on February 4, 2025 [1] - An earnings conference call will take place at 7:30 a.m. Central Time following the results release [1] - The call will be streamed on the company's Investor Relations website [1] Company Overview - Silicon Labs is a leader in secure, intelligent wireless technology aimed at creating a more connected world [3] - The company offers an integrated hardware and software platform, development tools, and a robust ecosystem to support advanced applications across various sectors [3] - Silicon Labs focuses on helping developers address complex wireless challenges and accelerate time-to-market with innovative solutions [3]

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 ...