Investment action Review A potential growth catalyst that may drive stronger revenue growth acceleration is AI/ML opportunities. Management noted they are seeing an uptick in customer interest, and SLAB certainly has a shot at winning deals here given the product solutions they have—machine learning accelerators that can run ML inference at the edge. It is tough to quantify this impact and how strong SLAB is against other players in the industry, but seeing that customer interest is high, I look forward to ...

Thank you, Tanya, and good morning, everyone. We are recording this meeting and a replay will be available for four weeks on the Investor Relations section of our website at investor.silabs.com. Our earnings press release and the accompanying financial tables are also available on our website. Additionally, during our call today, we will refer to certain non-GAAP financial information. A reconciliation of our GAAP to non-GAAP results is included in the companyÂ's earnings press release and on the Investor R ...

Exhibit 99 AUSTIN, Texas – July 24, 2024 – Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. Results on a GAAP basis: Silicon Labs Reports Second Quarter 2024 Results Second Quarter Financial Highlights Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP ...

AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. Second Quarter Financial Highlights Results on a GAAP basis: Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follo ...

A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through August 24, 2024. Silicon Labs (NASDAQ: SLAB) is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, unmatched ecosystem and robust support make us an ideal long-term partner in building advanced industrial, commercial, home and life applications. We make it easy for d ...

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. ...

Financial Data and Key Metrics Changes - The company reported first quarter revenue of $106 million, exceeding the midpoint of guidance and up 23% sequentially [154] - Non-GAAP gross margin ended at 52%, with expectations to increase to approximately 53% in the second quarter [2][18] - GAAP operating loss was $59 million, with a loss per share of $1.77, which was above the top end of guidance [41] - Non-GAAP operating expenses were $94 million, better than expected due to slower hiring and discretionary spending [16] Business Line Data and Key Metrics Changes - Home & Life revenue increased by 51% sequentially to $41 million, driven by a rebound in smart home applications [14] - The Industrial & Commercial business unit generated $65 million, up 9% sequentially, with the broad Industrial category experiencing the largest increase [154] - Distribution revenue mix was about 66%, up from the previous quarter but still below typical levels [15] Market Data and Key Metrics Changes - The regional revenue mix remained consistent, with EMEA and the Americas slightly outpacing APAC [39] - Channel inventory decreased to 61 days, with a nearly 25% sequential decline and a 50% year-over-year drop [15] Company Strategy and Development Direction - The company is strategically allocating resources to initiatives that bolster long-term growth and scalability, including the rollout of Series 2 and development of Series 3 products [4][52] - The company is focused on enhancing its position in the Home & Life and Industrial & Commercial end-markets, leveraging industry-leading power efficiency and security [19] - The company is actively working with major ISPs to integrate matter into their solutions, indicating a strong commitment to interoperability [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence that Q4 represented the trough and expects revenue growth to accelerate from Q1 into Q2 [9] - The company noted that while end-customer inventory is improving, it is not fully corrected yet, indicating ongoing challenges [81] - Management remains committed to a 20% compound annual growth target for revenue, emphasizing a long-term growth strategy [65] Other Important Information - The company ended the quarter with cash and investments of $333 million and has no outstanding debt [17] - New leadership appointments were announced, including a new Chief Information Officer to oversee IT operations and digital transformation initiatives [26] Q&A Session Summary Question: What is the current state of end-customer inventory? - Management indicated that both end-customer and channel distribution inventory are decreasing, which is a positive sign for recovery [30] Question: Can you provide insights on the Series 3 sampling? - Management confirmed that Series 3 sampling will begin with Alpha customers this quarter, but specific customer details were not disclosed [31][83] Question: What is the expected revenue split between business units? - For Q1, the Industrial & Commercial business unit generated $65 million, while Home & Life generated approximately $41 million [71] Question: How is the company addressing pricing pressures? - Management noted that pricing on a like-for-like basis was flat, with more pressure seen on new business rather than existing business [87] Question: What are the growth drivers for the second half of the year? - Management highlighted design wins in glucose monitoring, smart metering, and electronic shelf labeling as key growth engines for the future [67][123]

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 ...