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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) reported strong Q2 2024 results with revenue of $145 million. The company saw growth driven by design wins and inventory reduction. Key financial highlights include:
- Industrial & Commercial revenue: $88 million
- Home & Life revenue: $57 million
- GAAP gross margin: 53%
- Non-GAAP gross margin: 53%
- GAAP diluted loss per share: $(2.56)
- Non-GAAP diluted loss per share: $(0.56)
Silicon Labs announced the xG22E family of wireless SoCs for energy harvesting applications. The company expects Q3 2024 revenue between $160-$170 million with a non-GAAP gross margin of 54-56% and a non-GAAP diluted loss per share between $(0.10) to $(0.30).
Silicon Labs has opened registration for its fifth annual Works With Conference, expanding to three regional, in-person events in 2024. The free-to-attend IoT developer conference will take place in San Jose (USA) on September 19, Hyderabad (India) on October 17, and Shanghai (China) on October 24. Each event will feature tailored experiences, including training sessions, specialized technology tracks, demo labs, and networking opportunities.
Attendees will gain practical knowledge for accelerating project development, learn to integrate products with major ecosystems (Amazon, Google, Samsung, Apple), and explore business development opportunities. The conference will cover topics such as Matter, Wi-Fi, BLE, Security, AI/ML, smart cities, and IoT-enabled smart living solutions.
Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its plans to release second quarter 2024 financial results on Wednesday, July 24, 2024. An earnings conference call will follow at 7:30 a.m. Central Time. The call will be streamed live from the Investor Relations section of the company's website, with a replay available until August 24, 2024.
Silicon Labs specializes in providing integrated hardware and software platforms, intuitive development tools, and robust support for building advanced industrial, commercial, home, and life applications. The company aims to simplify complex wireless challenges and enable developers to bring innovative solutions to market quickly.
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