Silicon Laboratories

Silicon Laboratories, Inc. designs and develops analog-intensive and mixed-signal integrated circuits. The firm offers microcontrollers, wireless, sensors, USB bridges, analog, clocks and oscillators, isolators, power, audio and radio, modems and TV and video product categories. It provides solutions for automotive, communications, data centers, healthcare & fitness, home automation & entertainment, industrial automation & power and retail industries. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.

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Silicon Laboratories surpasses $1B revenue milestone, eyes IoT market growth

Silicon Laboratories delivered strong financial performance, exceeding revenue and earnings expectations. The company showcased growth in key segments, with a focus on IoT and industrial markets. Challenges include managing tax rates, optimizing margins, and addressing supply chain constraints, while opportunities exist in smart city applications, Wi-Fi growth, and strategic M&A decisions.

Silicon Labs meets Q1 revenue, eyes IoT growth opportunities

Silicon Laboratories (SLAB) reported Q1 earnings meeting expectations, driven by strong Bluetooth portfolio growth and record design wins. Despite challenges in Home & Life segment, the company is strategically positioned for growth with a focus on IoT technologies and supply chain capacity.
With a robust opportunity funnel and commitment to managing expenses, Silicon Labs aims to capitalize on growth potential. However, concerns about pricing pressures and market forces pose challenges for margins in the upcoming quarter.

Silicon Labs reports mixed Q2 results, eyes cost management and growth opportunities

Silicon Labs delivered a mixed performance in Q2, with strong industrial and commercial segments offsetting declines in other areas. The company remains focused on managing costs and enhancing operational efficiency amidst global demand uncertainties. With a robust design-win pipeline and strategic buyback initiatives, Silicon Labs aims to navigate challenges and capitalize on future growth prospects.

Silicon Laboratories navigates market challenges, eyes sequential growth in 2024

Silicon Laboratories faced market challenges in Q3 with revenue decline and anticipates further impact in Q4.
Despite challenges, the company maintains strong gross margins and sees growth opportunities in key business segments.
Analysts' concerns and structural adjustments reflect a proactive approach to managing current challenges.
Optimism about returning to sequential growth in Q1 2024 and recovery in gross margins by 2024.

Silicon Laboratories beats Q4 revenue expectations, eyes growth opportunities

Silicon Laboratories (SLAB) navigated a challenging Q4 with revenue above guidance but down YoY. Despite internal control weaknesses and industrial sector decline, the company is optimistic about growth opportunities in smart cities, IoT, and wireless connectivity.

Silicon Labs surpasses Q1 revenue expectations, cautious on China growth

Silicon Labs delivered strong Q1 results, with revenue exceeding guidance and notable improvements in channel inventory. Despite positive indicators in China, caution is advised regarding immediate revenue growth assumptions. The company remains focused on growth targets and innovation in IoT technology.

Silicon Laboratories (SLAB) reports strong Q2 performance and eyes continued growth

Silicon Laboratories (SLAB) showcased robust performance in Q2 2024, driven by record design wins and growth in key markets. While facing challenges in inventory levels and the China market, the company is poised for continued growth through product innovation and market trends. Opportunities lie in expanding IoT applications, AI/ML integration, and sustained revenue growth.

Silicon Labs beats Q3 expectations, eyes IoT growth opportunities

Silicon Labs demonstrated resilience with strong Q3 performance and positive cash flow.
While facing challenges like gradual demand recovery, the company leverages growth opportunities.
Innovations in IoT devices and strategic focus areas position Silicon Labs for future success.
Maintaining customer sentiment and addressing financial challenges are key priorities.

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Silicon Laboratories, Inc. engages in providing and developing analog-intensive and mixed-signal integrated circuits. It focuses on wireless development platform and product portfolio for the internet of things based on Bluetooth, sub-GHz proprietary technologies, Wi-SUN, Thread, Wi-Fi, Zigbee, and Z-Wave. The company was founded by Navdeep S. Sooch, David R. Welland, and Jeffrey W. Scott in August 1996 and is headquartered in Austin, TX.

AUSTIN, Texas, Sept. 10, 2021 /PRNewswire/ --  Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that the company will be participating in the 2021 Citi Global Technology Conference on Monday, Sept.

Silicon Labs to Present at the 2021 Citi Global Technology Conference

AUSTIN, Texas, Sept. 8, 2021 /PRNewswire/ --  Silicon Labs  (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced a Works With 2021 panel discussing the global semiconductor shortage featuring panelists from the Global Semiconductor Alliance (GSA), Advanced Semiconductor Engineering (ASE, Inc.), Arrow Electronics and Silicon Labs.

Supply Chain Panel to Discuss Global Semiconductor Shortage at 'Works With 2021'

AUSTIN, Texas, Sept. 2, 2021 /PRNewswire/ --  Silicon Labs  (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that Amazon, Google, IKEA, Schneider Electric, Konke, Landis + Gyr, Lifesmart,  Tencent Cloud and Tuya will be delivering keynotes at Works With 2021, the defining Internet of Things (IoT) conference livestreaming for free to thousands of engineers, developers and technologists worldwide on September 14-15.

Amazon, Google, IKEA, Schneider Electric and More Join Silicon Labs' 'Works With 2021'

AUSTIN, Texas, Sept. 2, 2021 /PRNewswire/ -- Silicon Labs (Nasdaq: SLAB) today announced final results of its "modified Dutch auction" tender offer which expired at 12:00 midnight, New York City time, at the end of the day on August 30, 2021.

Silicon Labs Announces Final Results of Modified Dutch Auction Tender Offer

AUSTIN, Texas, Aug. 31, 2021 /PRNewswire/ -- Silicon Labs (Nasdaq: SLAB) today announced preliminary results of its "modified Dutch auction" tender offer which expired at 12:00 midnight, New York City time, at the end of the day on August 30, 2021. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the tender offer (the "Depositary"), a total of 4,148,034 shares of Silicon Lab's common stock, par value $0.0001 per share (each share of common stock, a "Share," and collectively, "Shares"), were properly tendered and not properly withdrawn at or below the purchase price of $160.00 per Share, including 2,628,577 Shares that were tendered by notice of guaranteed delivery.

Silicon Labs Announces Preliminary Results of Modified Dutch Auction Tender Offer

AUSTIN, Texas, Aug. 26, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world has added prominent keynote speakers to Works With 2021, the defining Internet of Things (IoT) conference livestreaming for free to thousands of engineers, developers and technologists worldwide, this September 14-15. Titled "The Future of Smart Cities Powered by IoT," the session will focus on smart city innovation and how IoT technology enables efficient infrastructure and energy savings.

Landis + Gyr, Google-founded X, the moonshot factory and City of Austin Officials Join Silicon Labs' 'Works With 2021' as Keynote Speakers

AUSTIN, Texas, Aug. 24, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world today announced the addition of a panel of IoT security leaders at Works With 2021. The security panel, "Smart Home Security and the User Experience," will feature panelists from the ioXt Alliance and X-Force Red IBM Security, who will lead an insightful analysis moderated by Arrow Electronics and focused on the state of smart home security products and the user experience – one of the most talked about topics in the IoT.

Silicon Labs to Host Smart Home Security Panel Moderated by Arrow Electronics at Works With 2021

AUSTIN, Texas, Aug. 20, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world today announced the addition of "IoT is Changing Healthcare – Now Adoption is Critical," a panel of IoT and healthcare experts to Works With on September 15, 2021. Stacey Higginbotham, founder of Stacey on IoT will moderate a discussion led by experts on the adoption and benefits of IoT in the healthcare industry and how tech companies must adapt to the needs of healthcare professionals.

Silicon Labs to Host Medical IoT Panel Moderated by Stacey on IoT at Works With 2021

AUSTIN, Texas, Aug. 3, 2021 /PRNewswire/ --  Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that the company will be participating in KeyBanc's Technology Leadership Forum on Monday, August 9 th. Matt Johnson, President, and John Hollister, CFO, will be presenting at 2:20 p.m.

Silicon Labs to Present at the KeyBanc Technology Leadership Forum

AUSTIN, Texas, Aug. 3, 2021 /PRNewswire/ -- Silicon Labs (Nasdaq: SLAB) today announced that it commenced a "modified Dutch auction" tender offer to purchase in cash up to $1.0 billion in value of shares of its issued and outstanding common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at a price not less than $140.00 per share nor greater than $160.00 per share, less any applicable withholding taxes and without interest. The tender offer is made in accordance with the terms and subject to the conditions described in the offer to purchase dated August 3, 2021 (the "Offer to Purchase") and the related letter of transmittal (the "Letter of Transmittal") , as each may be amended or supplemented from time to time.

Silicon Labs Announces Commencement of Modified Dutch Auction Tender Offer to Purchase Up to $1.0 Billion of its Common Stock

AUSTIN, Texas, Aug. 2, 2021 /PRNewswire/ -- Silicon Labs (Nasdaq: SLAB) today announced that it intends to commence a "modified Dutch auction" tender offer to purchase in cash up to $1.0 billion in value of shares of its issued and outstanding common stock, or such lesser number of shares of its common stock as are properly tendered and not properly withdrawn, at an anticipated price of not less than $140.00 per share nor greater than $160.00 per share, less any applicable withholding taxes and without interest. The tender offer, if any, will be made in accordance with the terms and subject to the conditions described in an offer to purchase and a related letter of transmittal.

Silicon Labs Announces Intention to Commence a Modified Dutch Auction Tender Offer to Purchase Up to $1.0 Billion of its Common Stock

Silicon Laboratories Inc (NASDAQ: SLAB) reported second-quarter FY21 IoT revenue from continuing operations growth of 48% Y/Y to $169 million. Infrastructure and Automotive (I&A) revenue from discontinued operations rose 16% Y/Y to $108 million.

Silicon Labs Stock Gains On Q2 Earnings; Matt Johnson To Succeed Tyson Tuttle As CEO In 2022

Tyson Foods

Silicon Laboratories' (SLAB) CEO Tyson Tuttle on Q2 2021 Results - Earnings Call Transcript

Silicon Labs (SLAB) delivered earnings and revenue surprises of 12.90% and -36.54%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Silicon Laboratories (SLAB) Tops Q2 Earnings Estimates

Shares of Silicon Laboratories (NASDAQ:SLAB) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 41.89% year over year to $1.05, which beat the estimate of $0.93.

Silicon Laboratories: Q2 Earnings Insights

AUSTIN, Texas, July 28, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported strong financial results for the second quarter, which ended July 3, 2021. Revenue exceeded the top of the guidance range at $278 million, and revenue from the Internet of Things business (IoT) ended at a record high of $169 million, up seven percent sequentially and 48 percent year-on-year.

Silicon Labs Announces Record Revenue for Second Quarter 2021

AUSTIN, Texas, July 28, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the board-approved, succession plan to elect company President Matt Johnson as the new chief executive officer when Tyson Tuttle retires on January 1, 2022. "With our IoT vision, strategy and roadmap set and record-breaking financial results delivered, I decided now is the best time to announce our leadership transition plan," said Silicon Labs CEO Tyson Tuttle.

Silicon Labs Initiates CEO Transition Plan Amid Strong Growth and Increased Demand of Wireless Technology

Skyworks Solutions

AUSTIN, Texas, July 26, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB) announced today the completion of the divestiture of its Infrastructure & Automotive business to Skyworks Solutions (NASDAQ: SWKS) for $2.75 billion in an all-cash asset transaction. "I thank the dedicated team at both companies for executing a transformative transaction," said Silicon Labs CEO Tyson Tuttle.

Silicon Labs Completes Divestiture of Infrastructure & Automotive Business

IRVINE, Calif.--(BUSINESS WIRE)---- $SWKS #5G--Skyworks Solutions, Inc. (Nasdaq: SWKS) has completed its acquisition of the Infrastructure & Automotive business of Silicon Labs (Nasdaq: SLAB).

Skyworks Completes Acquisition of the Infrastructure & Automotive Business of Silicon Labs

Silicon Labs (SLAB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Silicon Laboratories (SLAB) Earnings Expected to Grow: Should You Buy?

AUSTIN, Texas, July 9, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced that it plans to release second quarter 2021 financial results on Wednesday, July 28, 2021. An earnings conference call will follow the release at 7:30 a.m.

Silicon Labs Announces Second Quarter 2021 Earnings Webcast

AUSTIN, Texas, June 28, 2021 /PRNewswire/ --  Silicon Labs  (NASDAQ: SLAB), a leader of intelligent, wireless connectivity for the IoT, today announced it will host its second annual Works With 2021 Conference on September 14-15. Launched in 2020, last year's event was experienced virtually by over 6,000 global attendees and focused on advancing the smart home through keynotes, training sessions and workshops with Amazon, Comcast, Google, Ring and many others.

Silicon Labs Brings Together IoT Industry Leaders at "Works With" 2021 Developer Conference

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AUSTIN, Texas, June 3, 2021 /PRNewswire/ -- A panel of smart home industry leaders will lead a deep analysis of the latest with Matter (formerly Project Connected Home over IP or CHIP) on June 8, 2021. Stacey Higginbotham from Stacey on IoT will moderate a panel of experts, including Silicon Labs (NASDAQ: SLAB), to discuss Matter's connectivity, interoperability and security.

Stacey on IoT & Silicon Labs Host "Project CHIP is Matter: Now What?" Panel

AUSTIN, Texas, May 11, 2021 /PRNewswire/ --  Silicon Labs  (NASDAQ: SLAB), a leading provider of silicon, software, and solutions for a smarter, more connected world, today announced that wireless solutions are available for development of Matter end products that support Thread, Wi-Fi, and Bluetooth protocols. Matter, formerly named 'Project Connected Home over IP' or 'CHIP', is designed to provide interoperable, reliable, secure connectivity across IoT devices and networks.

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