Silicon Labs Stock Price, News & Analysis

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.

Silicon Labs (NASDAQ: SLAB) will release its fourth quarter 2021 financial results on February 2, 2022, followed by a conference call at 7:30 a.m. Central Time. The call can be accessed via webcast on the company's investor relations website. A replay will be available until March 3, 2022, both online and through specified phone numbers. Silicon Labs specializes in secure, intelligent wireless technology, offering a comprehensive platform and support for various applications in industry and commercial sectors.

Silicon Labs (NASDAQ: SLAB) has appointed Sumit Sadana as Lead Director of its board, succeeding Bill Wood, who held the position since 2005. Sadana has been a board member since 2015 and is currently the Chief Business Officer at Micron Technology (NASDAQ: MU). The appointment comes as the company aims to capitalize on growth opportunities in the 'Internet of Things' sector. CEO Matt Johnson praised Sadana's leadership and experience, noting the company's gratitude for Wood's contributions during a transformative period.

On January 3, 2022, Silicon Labs (NASDAQ: SLAB) announced the appointment of Sherri Luther to its board of directors. With over 30 years of experience, she currently serves as CFO for Lattice Semiconductor (NASDAQ: LSCC), where she led significant financial transformation. Luther's expertise in mergers, acquisitions, and financial strategy is expected to provide valuable insights to Silicon Labs as it focuses on the Internet of Things and growth opportunities. CEO Matt Johnson expressed enthusiasm for her leadership amidst a pivotal time for the company and industry.

On December 16, 2021, Silicon Labs (NASDAQ: SLAB) unveiled an innovative 3D virtual smart home platform. This interactive platform offers users a self-guided tour of various smart home applications, including home security, automation, and health. It highlights the integration of different protocols and ecosystems essential for modern smart homes. With an emphasis on simplicity and reliability, Silicon Labs aims to lead in the Internet of Things (IoT) sector, adapting to growing consumer needs as new products and partnerships are developed.

On December 9, 2021, Silicon Labs (NASDAQ: SLAB) was awarded the Global Semiconductor Alliance's (GSA) title of 'Most Respected Public Semiconductor Company' for firms with annual sales between $500 million and $1 billion. This recognition marks the sixth win in seven years, reflecting the company's consistent performance and innovative solutions in the semiconductor industry. CEO Tyson Tuttle emphasized the award's significance in recognizing the team's efforts to advance the Internet of Things.