Silicon Labs Q4 revenue $87M, GAAP loss $2.19/share; material weakness; Q1 guidance $100-110M

SILICON LABORATORIES INC.

2023-FY EPS reported -$1.09 revenue$782,258,000

Revenue $87M, GAAP diluted loss per share $(2.19); non-GAAP loss $(1.19).
GAAP gross margin 50.6%; operating loss $73M.
Material weakness in inventory controls identified; no misstatements found; expects timely 10-K filing.
Q1 2024 guidance: revenue $100-110M, GAAP loss per share $(1.89)-(2.05), non-GAAP $(0.92)-(1.04).
Board authorized $100M stock repurchase plan through end of 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SILICON LABORATORIES INC. reported the fourth quarter, which ended December 30, 2023 results: revenue $87 million, EPS GAAP diluted loss per share was $(2.19).

Period: the fourth quarter, which ended December 30, 2023
Revenue: $87 million
EPS: GAAP diluted loss per share was $(2.19)
Result: reported results

Exact text from the filing

as our customers destock their inventories, design wins continue ramping to production, and bookings trends improve.” Fourth Quarter Financial Highlights · Revenue was $87 million · Industrial & Commercial revenue for the quarter was $60 million · Home & Life revenue for the quarter was $27 million Results on a GAAP basis: · GAAP gross margin was 50.6% ·

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Source: SEC EDGAR

accession 0001104659-24-011383

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