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 ...

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 (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 ...

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 ...