Silicon Labs Q1 revenue $106M, GAAP EPS -$1.77; Q2 outlook $135-145M

SILICON LABORATORIES INC.

2024-Q1 EPS reported -$1.77 revenue$106,375,000

Revenue $106M, GAAP gross margin 52%, GAAP operating loss $59M, GAAP diluted EPS $(1.77).
Non-GAAP diluted EPS $(0.92); Q2 guidance implies sequential revenue growth of 27-37%.
Appointed Dean Butler as CFO (eff. May 15), Bob Conrad as SVP Ops (Apr 29), Radhika Chennakeshavula as CIO.
Unveiled xG26 wireless SoC family with double flash/RAM vs xG24, targeting Matter and IoT.
Q2 guidance: rev $135-145M, GAAP EPS loss $(1.45)-(1.61), non-GAAP EPS loss $(0.58)-(0.70).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SILICON LABORATORIES INC. reported first quarter, which ended March 30, 2024 results: revenue $106 million, EPS GAAP diluted loss per share was $(1.77). Guidance reaffirmed.

Period: first quarter, which ended March 30, 2024
Revenue: $106 million
EPS: GAAP diluted loss per share was $(1.77)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

to accelerate in the second quarter as excess inventory is further reduced, bookings improve, and design wins continue to ramp.” First Quarter Financial Highlights • Revenue was $106 million • Industrial & Commercial revenue for the quarter was $65 million • Home & Life revenue for the quarter was $41 million Results on a GAAP basis: • GAAP gross margin was 52% •

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Source: SEC EDGAR

accession 0001628280-24-017527

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