Silicon Laboratories(SLAB) - 2024 Q1 - Earnings Call Transcript

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 ...