Silicon Labs Stock Price, News & Analysis

Silicon Labs (NASDAQ: SLAB) has announced support for Bluetooth® Channel Sounding technology on its xG24 platform. This breakthrough enhances the accuracy and security of Bluetooth device-ranging capabilities, offering sub-meter accuracy and secure fine ranging. The technology uses Phased-Based Ranging (PBR) and Round Trip Time (RTT) for precise distance measurements between devices.

Silicon Labs is introducing new hardware solutions, including the xG24 Radio Board and Pro Kit, available now, and the xG24 Dev Kit with dual antenna PCB design, coming in December 2024. These solutions cater to various application complexities, from basic to advanced, and are AEC-Q100 qualified for automotive use.

Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its participation in Citi's 2024 Global TMT Conference. The event is scheduled for September 4, 2024, at The Lotte New York Palace Hotel in New York City. Matt Johnson, Silicon Labs' President and CEO, will engage in a fireside chat at 3:00 p.m. Eastern Time.

The discussion will be accessible via webcast on the company's Investor Relations page at silabs.com. Silicon Labs is known for its integrated hardware and software platform, intuitive development tools, and robust support, making it a preferred long-term partner for developing advanced industrial, commercial, home, and life applications.

Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, has announced its participation in three upcoming investor conferences in August 2024. Chief Financial Officer Dean Butler will represent the company at these events:

• August 22: Needham Virtual Semiconductor & SemiCap 1x1 Conference
• August 27: Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago, IL
• August 28: Evercore ISI Semiconductor, IT Hardware & Networking Conference

Silicon Labs is known for its integrated hardware and software platform, intuitive development tools, and robust support for building advanced applications across various sectors. The company aims to simplify complex wireless challenges and accelerate time-to-market for innovative solutions.

Silicon Labs (NASDAQ: SLAB) is set to deliver five global keynotes this fall, focusing on the convergence of AI and IoT in embedded systems. The company will host its Works With 2024 global series of developer conferences in San Jose, Hyderabad, and Shanghai, offering in-person training and insights on IoT trends. Additionally, Silicon Labs will present the opening keynote at the inaugural embedded world North America in Austin, Texas.

Key themes include the state of the IoT market, the critical role of data in AI and IoT, real-world applications of Silicon Labs' technology, and the capabilities of their Series 2 platform. The company will also preview its next-generation Series 3 platform. The keynotes will address the impact of IoT on Generative AI, the evolution of communication standards, post-quantum encryption, and the shift towards real-time operating systems in embedded applications.

Silicon Labs (NASDAQ: SLAB) announced that its MG21 2.4 GHz wireless SoC has been chosen by SONOFF for its new ZBMicro smart switch, a Micro Zigbee USB Smart Adaptor. The ZBMicro, powered by Silicon Labs' MG21 SoC, serves as both a smart switch for USB devices and a Zigbee router, offering remote control capabilities and extending Zigbee network functionality. The MG21 SoC provides advantages such as high output power (up to +20 dBm), robust RF performance, enhanced processing capability, and Secure Vault™ IoT security.

SONOFF's COO, Jerry Shi, praised Silicon Labs as an ideal partner, citing their industry-leading wireless connectivity products. Silicon Labs recently introduced the MG26 multi-protocol wireless SoC, featuring an AI/ML Matrix Math accelerator for faster ML operations with reduced energy consumption, ideal for smart home applications using Zigbee, Matter, and OpenThread protocols.

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.