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. develops low-power wireless connectivity and embedded technology for device makers building edge applications. Its news commonly covers integrated SoCs, development ecosystems and security features used in smart home, industrial IoT, smart cities, connected access, tire monitoring and fleet-related applications.
Company updates also address customer selections and partner deployments for products such as BG22 Bluetooth LE SoCs, MG24 multiprotocol wireless SoCs and Secure Vault technology, along with wireless R&D expansion, technical leadership, operating results, shareholder voting matters and capital-structure disclosures.
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Silicon Labs (NASDAQ: SLAB) reported its first-quarter 2023 results, achieving revenue of $247 million, a 6% increase year-on-year, driven by its Bluetooth portfolio. The company recorded a GAAP gross margin of 62.3% and diluted earnings per share of $0.41. Non-GAAP results showed gross margin at 62.5% and diluted earnings per share at $1.12. The company anticipates second-quarter revenue between $238 million and $248 million and plans to redeem outstanding 2025 convertible notes, settling $535 million in cash.
Silicon Labs also launched several new IoT products, including a low-power SoC suitable for smart cities and a family of Bluetooth SoCs designed for compact devices.
Silicon Labs (NASDAQ: SLAB) has announced plans to release its first-quarter 2023 financial results on April 26, 2023, followed by an earnings conference call at 7:30 a.m. Central Time. Investors can access the call through the company's Investor Relations webpage. A replay will be available until May 26, 2023, either on the website or via specified phone numbers. Silicon Labs continues to position itself as a leader in secure, intelligent wireless technology, aiming to provide innovative solutions across various applications.
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.