Welcome to our dedicated page for Silicon Laboratories news (Ticker: SLAB), a resource for investors and traders seeking the latest updates and insights on Silicon Laboratories stock.
Silicon Laboratories Inc. (NASDAQ: SLAB) is a prominent player in the semiconductor industry, recognized worldwide for its innovative silicon, software, and system solutions. The company is renowned for fostering a smarter, more connected world through its secure, intelligent wireless technology.
Headquartered in Austin, Texas, Silicon Labs employs over 1,400 team members spread across more than 20 countries. Their focus spans several high-growth markets, including the Internet of Things (IoT), Internet infrastructure, industrial automation, consumer electronics, and automotive sectors. The company operates through a single segment that specializes in mixed-signal analog-intensive products, categorized into Industrial & Commercial, and Home & Life segments, with the Industrial & Commercial category being the primary revenue driver.
Silicon Labs’ award-winning technologies have earned it significant accolades, including being voted the most respected public semiconductor company by the Global Semiconductor Alliance for three of the last four years. This success is driven by their commitment to performance, energy efficiency, and simplicity in their product designs.
Among the company’s recent milestones, a notable partnership with Arduino aims to streamline the development of Matter over Thread applications. This collaboration enables Arduino's 33 million-strong developer community to leverage Silicon Labs' advanced hardware for enhanced security, energy efficiency, and processing power.
On the financial front, Silicon Labs reported strong results for the first quarter ending March 30, 2024, indicating sequential growth driven by progress in end-customer inventory destocking. Despite volatile market conditions, the company continues to anticipate revenue growth, supported by improving bookings and ramping design wins.
Further emphasizing its leadership, Silicon Labs has recently launched the xG26 family of Wireless SoCs and MCUs, designed to support the most demanding emerging IoT applications with enhanced Flash and RAM capacities, and the xG22E family, tailored for energy harvesting applications to enable battery-free IoT devices.
Silicon Labs continues to push the boundaries of IoT innovation, making it easier for developers worldwide to tackle complex wireless challenges and bring advanced industrial, commercial, home, and life applications to market efficiently. For more information, visit their official website at www.silabs.com.
Silicon Labs (NASDAQ: SLAB) announced the launch of two new integrated circuits designed for ultra-small IoT devices: the xG27 family of Bluetooth SoCs and the BB50 MCU. The xG27 SoCs, sized from 2 mm² to 5 mm², are aimed at applications ranging from medical devices to smart sensors, boasting energy efficiency and advanced security features. The BB50 MCUs cater to non-connected applications, aiding design flexibility. Notably, Lura Health has selected the BG27 SoC for a new wearable device, enabling data collection from saliva for health condition monitoring. These innovations underline Silicon Labs' leadership in IoT technology.
Silicon Labs (NASDAQ: SLAB) has published its 2022 Annual Report to Shareholders and the 2023 Proxy Statement on its Investor Relations page. Shareholders can request hard copies via phone or email. Additionally, the company released its 2022 Corporate Sustainability Report for download. Silicon Labs continues to lead in secure, intelligent wireless technology, providing integrated hardware and software solutions that facilitate the development of advanced applications across various sectors.
SparkFun Electronics and Silicon Labs have announced the release of the Thing Plus Matter MGM240P Board, a groundbreaking development board that enhances interoperability among IoT devices. This board features the MGM240P wireless module, which utilizes ARM's Cortex M33 processor and supports multiple protocols, including Bluetooth Low Energy and Zigbee. Designed for seamless integration with the Matter IoT protocol, it aims to advance smart home device compatibility. Available for purchase, the board is geared towards educators, professionals, and hobbyists, supporting the Matter movement and promoting innovation in IoT technology.
Silicon Labs (NASDAQ: SLAB) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at The Palace Hotel, San Francisco, CA. The presentation will feature a fireside chat with Matt Johnson, President and CEO, and John Hollister, CFO, scheduled for 12:15 p.m. PST. This event underscores Silicon Labs' position as a leader in secure, intelligent wireless technology, promoting advanced solutions for industrial and commercial applications. The chat will be streamed live on the company's Investor Relations page, showcasing their commitment to innovation and partnerships in the rapidly evolving technology landscape.
Silicon Labs (NASDAQ: SLAB) reported a strong fourth quarter for 2022, achieving revenue of $257 million, a 23% increase year-on-year. The company has doubled its organic revenue to over $1 billion annually in two years, supported by substantial design wins, which rose by 120%. The Industrial & Commercial segment saw a 36% revenue growth, while Home & Life increased by 8%. The gross margin was 61%, and non-GAAP diluted earnings per share reached $1.31. Looking ahead, Silicon Labs expects first-quarter 2023 revenue between $242 to $252 million and maintains confidence in its IoT leadership amid economic uncertainty.
Silicon Labs (NASDAQ: SLAB) will release its fourth quarter 2022 financial results on February 1, 2023. An earnings conference call is scheduled for 7:30 a.m. Central Time on the same day, which will be available via webcast on the company’s investor relations page. A replay of the call will be accessible until February 8, 2023.
Silicon Labs specializes in secure, intelligent wireless technology, offering hardware, software platforms, and tools to assist developers in creating advanced applications.
Silicon Labs (NASDAQ: SLAB) has announced a $50 million increase in its stock repurchase program, raising the total authorized buyback amount to $300 million, effective until December 30, 2023. This decision highlights the company’s strong cash generation capabilities and commitment to returning capital to shareholders. The board's confidence in investing for future growth while actively managing shareholder value is evident, especially as this repurchase plan builds on previous increases announced in July and August 2022.
Silicon Labs (NASDAQ: SLAB) announced strong Q3 2022 results with revenue of $270 million, increasing 3% sequentially and 46% year-on-year, reflecting growth in both Industrial & Commercial and Home & Life segments. Operating income was 11% with GAAP diluted EPS at $0.60, while non-GAAP diluted EPS reached $1.21. The company hosted its third Works With Conference, attracting over 7,000 registrants. Looking ahead, Q4 revenue is projected between $245-$255 million, with GAAP diluted EPS expected to be between $0.35 to $0.45.
Silicon Labs (NASDAQ: SLAB) announced plans to release its third-quarter 2022 financial results on October 26, 2022. The earnings conference call will occur at 7:30 a.m. Central Time and will be available via webcast on the company's investor relations website. A replay will be accessible until November 02, 2022. Silicon Labs continues to lead in secure, intelligent wireless technology, providing integrated hardware and software solutions aimed at innovative applications across various industries.
Silicon Labs inaugurated its largest global center for engineering and wireless connectivity innovation in Hyderabad on September 28, 2022. This facility is aimed at enhancing the development of IoT wireless products. The company plans to grow its workforce from nearly 500 employees to 1,500 by 2025. Additionally, Silicon Labs will launch India's first campus-wide Wi-SUN network in collaboration with IIIT-Hyderabad. This initiative supports the Indian Government's Smart Cities Mission, enhancing safety and sustainability in urban environments.
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