Silicon Laboratories(US:SLAB)2025-11-04 12:25Revenue Performance - Revenue for Q3 2025 was $206 million, representing a 24% increase year-over-year from $166.4 million[4] - Industrial & Commercial revenue was $118 million, up 22% year-over-year, while Home & Life revenue was $88 million, up 26% year-over-year[4] - For Q4 2025, the company expects revenue to be between $200 million and $215 million[6] Profitability and Earnings - GAAP gross margin was 57.8%, with non-GAAP gross margin slightly higher at 58.0%[4] - The company reported a GAAP operating loss of $12 million and a non-GAAP operating income of $11 million[4] - GAAP diluted earnings per share are projected to be between $(0.22) and $0.08, while non-GAAP diluted earnings per share are expected to be between $0.40 and $0.70[9] Operating Expenses - GAAP operating expenses for Q4 2025 are estimated to be approximately $134 million to $136 million, while non-GAAP operating expenses are expected to be around $110 million to $112 million[9] - The company reported stock-based compensation expense of $59,645 thousand, up from $45,358 thousand, indicating a rise of 31.5%[25] Strategic Initiatives - The company announced an expansion of its strategic partnership with Global Foundries to enhance U.S.-based semiconductor manufacturing[4] - The launch of the Simplicity Platform aims to accelerate development for embedded IoT systems with AI augmentation[4] - The company hosted the 6th annual Works With developer conference series, focusing on emerging trends in wireless connectivity and AI in IoT[4] Balance Sheet and Cash Flow - Total assets increased to $1,253,067 thousand as of October 4, 2025, up from $1,222,674 thousand on December 28, 2024, representing a growth of 2.5%[23] - Current assets rose to $652,559 thousand, compared to $602,033 thousand, marking an increase of 8.4%[23] - Net cash provided by operating activities was $87,358 thousand, a significant recovery from a cash used of $24,039 thousand in the previous year[25] - Cash and cash equivalents at the end of the period reached $341,403 thousand, up from $303,082 thousand, reflecting an increase of 12.6%[25] Liabilities and Equity - Total liabilities increased to $182,354 thousand from $142,653 thousand, indicating a rise of 27.8%[23] - Stockholders' equity decreased slightly to $1,070,713 thousand from $1,080,021 thousand, a decline of 0.4%[23] Accounts Receivable and Inventory - Accounts receivable increased to $67,308 thousand from $54,479 thousand, representing a growth of 23.5%[23] - Inventories decreased to $82,190 thousand from $105,639 thousand, a reduction of 22.2%[23]