Core Viewpoint - Silicon Laboratories (SLAB) has experienced significant revenue decline but is showing signs of stabilization and potential growth in the IoT semiconductor market, particularly in Bluetooth and WiFi technologies [2][3][7] Financial Performance - SLAB's revenue saw a peak-to-trough decline of 70%, with shares dropping approximately 50% due to customer weakness and increased competition in 2023 [2] - The company reported a 22% sequential revenue growth in Q1'24 from the Q4'23 bottom, with expectations for further recovery in Q2'24 [3] - Management's guidance for Q2'24 indicates a 32% quarter-over-quarter growth, aligning with trends observed in the broader IoT connectivity market [3] Market Dynamics - The destocking phase in consumer markets, particularly smart home devices, appears to be over, allowing SLAB to manage channel inventories effectively [3] - The company is leveraging past successes in various applications, including electronic store shelves and smart metering, to regain market share [3][5] - Increased competition from larger semiconductor players re-entering the IoT market poses challenges for SLAB's recovery and growth trajectory [5] Growth Opportunities - The IoT sector continues to present growth opportunities, with SLAB focusing on connectivity technologies that enable smart devices and real-time monitoring [5] - New product offerings, particularly the Series 3 portfolio, are expected to enhance SLAB's capabilities in AI edge computing, which is a growing area of interest for automation companies [5][6] - Despite potential challenges, the company is expected to grow at a mid-teens rate from its 2023 starting point, with long-term growth projected at a low double-digit rate [6] Margin Outlook - Gross margins are anticipated to remain in the low 50% range, with operating margins expected to improve as revenue approaches $900 million annually [3][6] - The company aims for a return to mid-to-high teens operating margins within three years, with the possibility of reaching 20% in five years [6] Valuation Perspective - Discounted cash flow analysis suggests an attractive upside into the $140s based on long-term revenue growth and free cash flow margins [6] - Current valuation approaches are complicated by expected negative operating margins for FY'24, but three-year expectations indicate a target around $130 [6]

Terrifying Name, Compelling Opportunity Source: The thinkorswim® platform from TD Ameritrade Trade of the Day: Buy SLAB Stock on the Projected Discount management, and healthcare. Tweet him at @EnomotoMedia. Silicon Laboratories (NASDAQ:SLAB) is a fabless semiconductor firm that provides various products, including wireless microcontrollers and sensor equipment. The company serves a range of applications within the broader Internet of Things (IoT), such as industrial automation and smart building controls. ...

And now I'd like to introduce your host for today's program, Giovanni Pacelli, Silicon Labs Senior Director of Finance. Giovanni, please go ahead. Non-GAAP gross margin ended in line with guidance at 52%. As expected, customer mix was the largest headwind on our gross margin along with the impacts of fixed costs over the lower revenue levels. We expect gross margin to increase toward targeted model as revenue further recovers. As consumer interest in interoperability intensifies, more customers are embracin ...

Exhibit 99 Silicon Labs Reports First Quarter 2024 Results Wireless IoT leader sees sequential revenue growth accelerating into the second quarter AUSTIN, Texas – April 24, 2024 – Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the first quarter, which ended March 30, 2024. • Silicon Labs is advancing its strategic growth plan and has announced several key leadership appointments. These changes underscore the company ...

Wireless IoT leader sees sequential revenue growth accelerating into the second quarter   AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the first quarter, which ended March 30, 2024. "Silicon Labs delivered strong sequential growth in the first quarter, driven by progress in end-customer inventory destocking in both the Home & Life and Industrial & Customer business uni ...

AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the appointment of industry veteran Bob Conrad as its Senior Vice President of Worldwide Operations. Conrad transitions from his current role serving on Silicon Labs' Board of Directors and brings over 40 years of experience in the semiconductor industry to his new position. With a distinguished career that includes leadership roles at Tex ...

To help device manufacturers build a complete energy harvesting solution, Silicon Labs is also announcing their partnership with e-peas, a provider of industry-leading Power Managed Integrated Circuits (PMICs) designed for energy harvesting. Through this partnership, Silicon Labs and e-peas co-developed two energy harvesting shields for Silicon Labs' new, energy-optimized xG22E Explorer Kit. To better develop within the tight constraints that energy harvesting requires, the new xG22E Explorer Kit allows dev ...

AUSTIN, Texas, April 11, 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 first quarter 2024 financial results on Wednesday, April 24, 2024. An earnings conference call will follow the release at 7:30 a.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 ...

Provides industry's highest combination of Flash, RAM, and GPIO for Matter over Thread AUSTIN, Texas, April 9, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced their new xG26 family of Wireless SoCs and MCUs, the IoT industry leader's highest performance device family to date. The new family consists of the multiprotocol MG26 SoC, the Bluetooth LE BG26 SoC, and the PG26 MCU. All three are designed to future-proo ...

AUSTIN, Texas, March 6, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today posted its 2023 Annual Report to Shareholders and 2024 Proxy Statement as filed with the Securities and Exchange Commission, on the Investor Relations page of the company website. Shareholders may also request hard copies of the reports by calling 866-648-8133, or by emailing [email protected]. Additionally, Silicon Labs released its 2023 Corporate S ...