AUSTIN, Texas, Jan. 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 fourth quarter 2023 financial results on Wednesday, January 31, 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 ...

Silicon Laboratories Inc. (NASDAQ:SLAB) Q3 2023 Earnings Call Transcript November 1, 2023 8:30 AM ET Company Participants Giovanni Pacelli - SD, Finance Matt Johnson - President, CEO John Hollister - CFO Conference Call Participants Matt Ramsay - TD Cowen Tore Svanberg - Stifel Gary Mobley - Wells Fargo Quinn Bolton - Needham Cody Acree - the Benchmark Company Srini Pajjuri - Raymond James Blayne Curtis - Barclays Joseph Moore - Morgan Stanley Operator Hello. My name is Lisa, and I will be your conference o ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number: 000-29823 SILICON LABORATORIES INC. (Exact name of registrant as specified in its charter ...

Financial Data and Key Metrics Changes - The second quarter revenue was $245 million, down 7% year-over-year, but above the midpoint of guidance [113] - Non-GAAP earnings per share ended slightly above the midpoint of guidance at $1.04, primarily due to revenue upside and favorable operating expenses [114] - GAAP earnings per share were $0.33 for the quarter, slightly below guidance [5] - Non-GAAP gross margin ended lower than expected at 58.9% due to product mix [26] - GAAP operating expenses were $127 million, while non-GAAP operating expenses were $104 million [114][26] Business Line Data and Key Metrics Changes - The Industrial and Commercial business unit achieved $165 million in revenue, up 15% year-over-year [4] - The Home & Life business unit declined 33% year-over-year to $80 million, impacted by high levels of customer inventory [91] - The design win pipeline increased by 23% year-over-year in the first half of 2023, indicating strong momentum [3] Market Data and Key Metrics Changes - Europe showed the greatest strength in Q2, with revenue up 14% year-on-year, while revenue for APAC and the Americas was down year-on-year [91] - Days sales outstanding (DSO) remained stable at 79 days [91] - The largest customer accounted for less than 4% of revenue, with the top 10 customers representing about 24% of revenue [91] Company Strategy and Development Direction - The company is focused on disciplined execution and managing expenses without impacting long-term potential [29] - The Series 2 product portfolio is expected to capture market share, with strategic inventory being accumulated ahead of anticipated market recovery [29] - The company is preparing for the launch of the Series 3 platform, which represents a significant advancement in IoT technology [31] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing market headwinds and broad demand weakness, but expressed confidence in mid- and long-term revenue growth potential [90] - The company is experiencing low levels of bookings, impacting both business units, and expects revenue for Q3 to decline [93] - Management highlighted that the current environment is characterized by weak customer visibility and confidence, affecting ordering patterns [54] Other Important Information - The company ended the quarter with cash and investments of $506 million and a total inventory of $146 million [92] - The company executed a buyback of approximately $184 million, retiring around 1.3 million shares [27] - The company is participating in two upcoming conferences to enhance visibility and engagement with investors [98] Q&A Session Summary Question: What is the expected steady state sell-through for the Home and Life segment? - Management indicated that the Home and Life segment has been significantly impacted by customer inventory levels, and they expect a period of adjustment to clear this inventory [35][100] Question: Can you elaborate on the inventory position in Industrial and Commercial? - Management acknowledged that while Industrial and Commercial have shown resilience, they are also experiencing some inventory corrections, and the market environment remains challenging [108] Question: How is the company managing operating expenses in the current environment? - Management stated that recent reductions in operating expenses are primarily discretionary and temporary, with plans to revert these actions as market conditions improve [18] Question: What is the outlook for the Series 2 product ramp? - Management confirmed that the Series 2 ramp has already started and is expected to contribute significantly to revenue growth over the coming years [57] Question: How is the company addressing the impact of the new cybersecurity labeling initiative? - Management indicated that while the initiative is important, it will take time to see a significant impact on the top line, as such changes typically unfold gradually [74]

Silicon Laboratories Inc. (NASDAQ:SLAB) Q1 2023 Earnings Conference Call April 26, 2023 8:30 AM ET Matt Johnson - President and Chief Executive Officer Matt Ramsay - TD Cowen Raji Gill - Needham & Company Operator Giovanni Pacelli We will take questions after our prepared comments, and our remarks today will include forward-looking statements subject to risks and uncertainties. We base these forward-looking statements on information available to us as of the date of this conference call and assume no obliga ...

Silicon Labs (NASDAQ:SLAB) Q4 2022 Earnings Conference Call February 1, 2023 8:30 AM ET Company Participants Matt Johnson - President, Chief Executive Officer John Hollister - Senior Vice President, Chief Financial Officer Giovanni Pacelli - Senior Director, Finance Conference Call Participants Matt Ramsay - Cowen Gary Mobley - Wells Fargo Securities Tore Svanberg - Stifel Raji Gill - Needham & Co. Blayne Curtis - Barclays Operator Good morning everyone. My name is Jamie and I’ll be your operator today. W ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 000-29823 SILICON LABORATORIES INC. (Exact name of registrant as specified in its charter) 74-2793174 (I.R.S. Employer I ...

Silicon Laboratories, Inc. (NASDAQ:SLAB) Q3 2022 Earnings Conference Call October 26, 2022 8:30 AM ET Company Participants Giovanni Pacelli - Senior Director of Finance John Hollister - Chief Financial Officer Matt Johnson - President and Chief Executive Officer Austin Dean - Investor Relations Conference Call Participants Matthew Ramsay - Cowen Gary Mobley - Wells Fargo Securities Blayne Curtis - Barclays Rajvindra Gill - Needham & Company Jeremy Kwan - Stifel Nicholas Operator Good day, everyone. My name ...

SILICON LABS | --- | --- | --- | --- | --- | --- | --- | --- | |------------------|-----------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Silicon Labs Investor | | | | | | | | | Presentation | | | | | | | | October 26, 2022 | | | | | | | | | | | | | | | | | Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements based on Silicon Labs' current expectat ...

Silicon Laboratories Inc. (NASDAQ:SLAB) Q2 2022 Earnings Conference Call July 27, 2022 8:30 AM ET Company Participants Giovanni Pacelli - Senior Director of Finance Matt Johnson - President and Chief Executive Officer John Hollister - Chief Financial Officer Conference Call Participants Raji Gill - Needham & Company Gary Mobley - Wells Fargo Securities Matt Ramsay - Cowen & Company Tore Svanberg - Stifel Nicolaus Blayne Curtis - Barclays Operator Hello. My name is Sarah, and I will be your conference operat ...