Silicon Labs Stock Price, News & Analysis

Silicon Labs (NASDAQ: SLAB) reported record financial results for Q4 2020, with revenue reaching $242.9 million, up from $221.3 million in Q3. Full-year revenue grew to $886.7 million, marking a 6% increase from 2019. IoT segment revenue led the growth, totaling $147.4 million. GAAP diluted EPS for Q4 was $0.20, and non-GAAP diluted EPS was $0.84. The company expects Q1 2021 revenue between $237 and $247 million and maintains a strong outlook for continued growth in the IoT sector.

Silicon Labs (NASDAQ: SLAB) has partnered with Edge Impulse to enhance machine learning (ML) development on its EFR32 wireless SoCs and EFM32 microcontrollers. This collaboration simplifies the implementation of complex ML tasks, such as motion detection and sound recognition, making it accessible for developers of low-power devices. The integration allows for rapid deployment of ML models to devices via Simplicity Studio. This initiative aims to accelerate the growth of IoT applications and improve development efficiency, addressing challenges where 87% of data science projects fail to reach production.

Silicon Labs (NASDAQ: SLAB) and Yeelight announced a collaboration on the new Yeelight Smart LED Bulb M2, designed for seamless integration with the Google Home app. The M2 bulb, featuring Silicon Labs' Bluetooth BG21 SoC, offers reliable wireless connectivity and allows users to control lighting via voice commands through Google Assistant. It supports multi-color effects and has a brightness of up to 1000 ml. This partnership addresses growing consumer demand for intuitive smart home devices. The M2 bulb will be showcased at CES 2021.

On January 8, 2021, Silicon Labs (NASDAQ: SLAB) announced plans to release its fourth quarter 2020 financial results on February 3, 2021. The earnings conference call will commence at 7:30 a.m. Central Time and will be accessible via live webcast on its investor relations website. A replay of the call will be available until March 3, 2021, through the company's website or by phone. Silicon Labs continues to focus on providing innovative silicon, software, and solutions for various markets, including IoT and industrial automation.

Silicon Labs (NASDAQ: SLAB) concluded 2020 with notable achievements amid global challenges, particularly the COVID-19 pandemic. The company introduced its Secure Vault, enhancing IoT security, and launched Bluetooth Low Energy 5.2 SoCs. Silicon Labs also expanded its wireless offerings through the acquisition of Redpine Signals and facilitated 5G small cell rollouts. The company garnered multiple awards, including a Gold Medal for Secure Vault and was recognized for its commitment to community support during the pandemic. Executive leadership also received accolades, affirming the company's strategic direction.

Silicon Labs (NASDAQ: SLAB) reported strong Q3 2020 results, with revenues of $221.3 million, surpassing guidance. IoT revenue hit $133.2 million, reflecting a 16% quarter-over-quarter increase. GAAP EPS was $0.07, while non-GAAP EPS reached $0.73. The company launched new products, including the compact BGM220S Bluetooth module and secured partnerships, notably with Amazon for the Sidewalk initiative. For Q4, revenue guidance is set between $221-$231 million, with expected GAAP EPS between $0.02 and $0.12.

Silicon Labs (NASDAQ: SLAB) has announced a strategic partnership with Teledyne e2v HiRel to develop a new line of high reliability isolation products aimed at the aerospace and defense sectors. The collaboration will utilize Silicon Labs’ Si827x isolated gate driver technology, enhancing power systems for satellite communications and other demanding applications. The new product line is expected to launch in Q4 2020, offering robust solutions that improve performance and noise immunity for advanced systems.

Silicon Labs (NASDAQ: SLAB) has scheduled its third quarter 2020 financial results release for October 28, 2020. The release will be followed by an earnings conference call at 7:30 a.m. Central Time, which will be accessible via webcast on their Investor Relations page. A replay of the call will be available until November 28, 2020, through specified phone numbers and the investor page.

Silicon Labs (NASDAQ: SLAB) has announced the promotion of Serena Townsend to senior vice president and chief people officer, effective immediately. Townsend, who joined in February 2017, will oversee the company's global talent strategy and inclusive culture. Lori Knowlton, the outgoing chief people officer, is leaving to focus on family and personal interests. CEO Tyson Tuttle expressed gratitude for Knowlton's contributions to the company's culture. Townsend's leadership is expected to enhance employee initiatives and diversity efforts amid ongoing challenges.