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 has launched a new Bluetooth Location Services solution aimed at improving asset tracking in hospitals. This solution, powered by the BG22 SoCs and SiP modules, offers low-power operation for up to 10 years, enhancing operational efficiency in healthcare settings. The technology, which supports Angle of Arrival (AoA) and Angle of Departure (AoD) features, allows for accurate indoor tracking and real-time location services. Borda Technology is one of the first adopters, integrating the solution to streamline equipment management and patient care.
Silicon Labs (NASDAQ: SLAB) announced its participation in two upcoming investor conferences. CFO John Hollister will speak at Cowen's Technology, Media, and Telecom Conference on June 1 in New York City, with a fireside chat at 10:15 a.m. ET. Following that, he will participate in the Stifel Cross Sector Insight Conference on June 9 in Boston at 8:35 a.m. ET. Both events will be webcast on the company's Investor Relations page, providing investors with insights into their innovative wireless technology solutions.
SensiML Corporation announced the integration of Silicon Labs' MG24 and BG24 Series 2 Bluetooth SoCs into its SensiML Analytics Toolkit. This inclusion enhances AI capabilities, promising processing speeds up to 4x faster with one-sixth the power consumption for AI/ML applications. The toolkit streamlines development, allowing developers to create sophisticated, low-power IoT devices, benefiting applications like acoustic event detection and motion analysis. SensiML's collaboration with Silicon Labs aims to optimize performance in battery-powered IoT solutions.
Silicon Labs (NASDAQ: SLAB) reported strong financial results for Q1 2022, with revenue reaching $234 million, a 12% sequential increase and 48% year-on-year growth. Revenue was boosted by 61% growth in Industrial & Commercial to $127 million, and a 35% rise in Home & Life to $107 million. The company achieved a gross margin of 67% and plans Q2 revenue guidance between $245 million and $255 million. Silicon Labs also repurchased $250 million of shares in 2022, with an additional $350 million authorized for buybacks.
Silicon Labs (NASDAQ: SLAB) announced it will release its first quarter 2022 financial results on April 27, 2022. An earnings conference call is scheduled at 7:30 a.m. Central Time, which will be accessible via the company's Investor Relations webpage. A replay will be available after the call and can be accessed until May 4, 2022. Silicon Labs specializes in secure, intelligent wireless technology, providing integrated hardware and software platforms to facilitate product development across various industries.
Silicon Labs (NASDAQ: SLAB) has released its 2021 Annual Report to Shareholders and 2022 Proxy Statement, now accessible on its Investor Relations webpage. Shareholders can request hard copies via phone or email. The company continues to focus on secure, intelligent wireless technology, supporting industrial, commercial, and life applications. This move reinforces its commitment to providing innovative solutions that drive industry transformation.
On March 4, 2022, Silicon Labs (NASDAQ: SLAB) announced its participation in the Morgan Stanley Technology, Media and Telecom Conference on March 10, 2022, in San Francisco, CA. CFO John Hollister and Senior Director Giovanni Pacelli will present at 9:45 a.m. PST and hold one-on-one meetings. Interested parties can access the investor presentation via the Investor Relations page on silabs.com.
Silicon Labs (NASDAQ: SLAB) has announced a hybrid Analyst Day event on March 1 from 1:00 p.m. to 4:00 p.m. Eastern time at Convene, New York City. Attendance is by invitation only, and the event will also be available for live streaming via the Investor Relations section of their website. A replay will be accessible for three months following the event. Silicon Labs is a leader in secure, intelligent wireless technology, providing integrated hardware and software solutions for various applications.
Silicon Labs (NASDAQ: SLAB) announced robust fourth-quarter results, with revenue hitting $209 million, a 43% year-on-year increase. GAAP gross margin was recorded at 61.3%, while non-GAAP diluted earnings per share reached $0.77. The company is focusing on the Internet of Things (IoT), launching new wireless SoCs and software tools. A new share repurchase program was approved for up to $250 million. For Q1 2022, revenue is projected between $220 to $230 million, with a GAAP EPS forecast of $0.15 to $0.25, indicating continued growth in the IoT market.
Silicon Labs announced the launch of two new 2.4 GHz wireless SoCs, the BG24 and MG24, featuring integrated AI/ML accelerators for enhanced performance and energy efficiency. These SoCs support multiple wireless protocols and include a software toolkit for developers. Key benefits include up to 4x performance improvement and up to 6x energy savings for IoT applications. They are designed for secure applications, possessing the highest level of security certification (PSA Level 3). They will be available for mass deployment in April 2022.
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