Silicon Labs Reports First Quarter 2026 Results

Rhea-AI Summary

Silicon Labs (NASDAQ: SLAB) reported Q1 2026 results for the quarter ended April 4, 2026: revenue $214 million (up 20% YoY) and non-GAAP diluted EPS $0.53. GAAP results showed a $17 million operating loss and GAAP diluted loss per share of $0.48. The company suspended guidance because of the pending Texas Instruments acquisition.

Industrial & Commercial revenue was $128 million (up 33% YoY); Home & Life revenue was $86 million (up 5% YoY). Non-GAAP operating income was $18 million and non-GAAP gross margin was 59.7%.

Positive

• Revenue $214M, +20% year-over-year
• Non-GAAP EPS $0.53 for Q1 2026
• Industrial & Commercial revenue $128M, +33% year-over-year
• Non-GAAP operating income $18M and gross margin 59.7%
• Book-to-bill at multi-year high and record design wins

Negative

• GAAP operating loss $17M for Q1 2026
• GAAP diluted loss per share $(0.48)
• GAAP operating expenses $144M (higher than non-GAAP basis)
• Guidance suspended due to pending acquisition by Texas Instruments

Key Figures

Q1 2026 revenue: $214 million Industrial & Commercial revenue: $128 million Home & Life revenue: $86 million +5 more

8 metrics

Q1 2026 revenue $214 million First quarter 2026, up 20% year-over-year

Industrial & Commercial revenue $128 million Q1 2026, up 33% year-over-year

Home & Life revenue $86 million Q1 2026, up 5% year-over-year

GAAP gross margin 59.5% Q1 2026 reported basis

GAAP operating loss $17 million Q1 2026

GAAP diluted loss per share $(0.48) Q1 2026

Non-GAAP operating income $18 million Q1 2026, excludes specified items

Non-GAAP EPS $0.53 Q1 2026 diluted earnings per share

Market Reality Check

Price: $217.00 Vol: Volume 301,829 is at 0.73...

normal vol

$217.00 Last Close

Volume Volume 301,829 is at 0.73x the 20-day average (413,362). normal

Technical Price 217.00 is trading above the 200-day MA at 157.46 and near the 52-week high of 218.46.

Peers on Argus

SLAB is down 0.57% while close peers show mixed moves: SMTC -1.02%, PI -3.07%, S...

1 Up

SLAB is down 0.57% while close peers show mixed moves: SMTC -1.02%, PI -3.07%, SYNA +4.35%, ALGM +0.10%, CRUS +0.05%. Only QRVO appears in momentum scans, up 1.09% without news.

Previous Earnings Reports

5 past events · Latest: Feb 04 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	Earnings results	Positive	+48.9%	Full-year 2025 results with strong revenue growth and non-GAAP profitability.
Jan 22	Earnings webcast	Neutral	-0.3%	Announcement of schedule and access details for Q4 2025 earnings call.
Nov 04	Earnings results	Positive	-0.9%	Q3 2025 results with revenue growth and both GAAP loss and non-GAAP profit.
Oct 07	Earnings webcast	Neutral	-2.5%	Announcement of timing and webcast details for Q3 2025 earnings release.
Aug 05	Earnings results	Positive	-5.1%	Q2 2025 results with strong revenue growth and segment strength in IoT.

Pattern Detected

Earnings and related communications have produced mixed reactions: one prior earnings release saw a large gain, while several other earnings and webcast announcements drew modest negative moves, indicating inconsistent trading responses to financial updates.

Recent Company History

Recent history for Silicon Labs shows multiple earnings-related catalysts. A prior earnings release on Feb 4, 2026 with strong full‑year 2025 results saw a 48.89% move. Earlier, Q3 2025 results on Nov 4, 2025 and Q2 2025 results on Aug 5, 2025 highlighted solid revenue growth and non‑GAAP profitability, yet shares moved modestly lower after both reports. Earnings webcast announcements in Jan 2026 and Oct 2025 generated small, mixed price reactions. Against this backdrop, the latest Q1 2026 earnings continue the pattern of strong operational metrics with uneven share-price responses.

Historical Comparison

+8.0% avg move · Past 12 months include 5 earnings-related events averaging a ±8% move. Today’s modest -0.57% reactio...

earnings

+8.0%

Average Historical Move earnings

Past 12 months include 5 earnings-related events averaging a ±8% move. Today’s modest -0.57% reaction to Q1 2026 results sits well within that historical range.

Earnings updates show a progression of growing IoT revenue and recurring non-GAAP profitability from Q2 and Q3 2025 into full-year 2025 and now Q1 2026, alongside ongoing merger-related communications.

Market Pulse Summary

This announcement highlights Q1 2026 revenue of $214 million, 20% year-over-year growth, and non-GAA...

Analysis

This announcement highlights Q1 2026 revenue of $214 million, 20% year-over-year growth, and non-GAAP EPS of $0.53 alongside continued GAAP losses. Industrial & Commercial and Home & Life segments both expanded, with notable strength in electronic shelf labels and smart metering. Historically, earnings updates have produced mixed share reactions, so attention may center on sustained non-GAAP profitability, segment momentum, and the ongoing merger process with Texas Instruments as key factors to monitor.

Key Terms

non-gaap, gaap, book-to-bill ratio

3 terms

non-gaap financial

"Results on a non-GAAP basis, excluding the impact of stock compensation..."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

gaap financial

"Results on a GAAP basis:GAAP gross margin was 59.5%GAAP operating expenses..."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

book-to-bill ratio financial

"Our leading indicators point to both near- and long-term strength, with book-to-bill ratio at a multi-year high..."

The book-to-bill ratio compares the value of new orders a company receives to the value of products it ships out or bills for over a certain period. If the ratio is above 1, it means the company is getting more orders than it is completing, which can indicate growth. If it's below 1, it suggests demand is slowing down.

AI-generated analysis. Not financial advice.

Wireless IoT leader delivers $214 million in revenue and non-GAAP EPS of $0.53

AUSTIN, Texas, May 5, 2026 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the first quarter, which ended April 4, 2026.

"The Silicon Labs team delivered a strong start to 2026 with revenue of $214 million and meaningful year-over-year improvements in both gross margin and profitability," said Matt Johnson, President and Chief Executive Officer.

"Over the course of the quarter we saw an acceleration in bookings with declining inventory positions at our distributors and end customers, led by our broad industrial business. Design win momentum continued during the first quarter, exceeding both our internal targets and our 2025 run rate, which was a prior record year for the company. This performance underscores the breadth and depth of our innovative product portfolio across end applications.

Our leading indicators point to both near- and long-term strength, with book-to-bill ratio at a multi-year high and two quarters of record design wins, reinforcing our conviction in Silicon Labs' durable growth trajectory. At the same time, our proposed merger with Texas Instruments continues to advance, and we remain focused on disciplined execution and delivering for our customers."

First Quarter Financial Highlights

• Revenue was $214 million, up 20% year-over-year
• Industrial & Commercial revenue was $128 million, up 33% year-over-year
  • Strength in electronic shelf labels and smart metering end applications
• Home & Life revenue was $86 million, up 5% year-over-year
  • Medical end applications revenue grew by 21% year-over-year

Results on a GAAP basis:

• GAAP gross margin was 59.5%
• GAAP operating expenses were $144 million
• GAAP operating loss was $17 million
• GAAP effective tax rate was (16.1)%
• GAAP diluted loss per share was $(0.48)

Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, acquisition-related costs, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:

• Non-GAAP gross margin was 59.7%
• Non-GAAP operating expenses were $109 million
• Non-GAAP operating income was $18 million
• Non-GAAP effective tax rate was 18%, which is the expected long-term rate for the remainder of the year
• Non-GAAP diluted earnings per share was $0.53

Due to the announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs has suspended providing forward-looking guidance.

About Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.

Forward-Looking Statements

This press release contains forward-looking statements regarding Silicon Labs' current expectations, which are based on its current views and assumptions. The words "believe", "estimate", "expect", "intend", "anticipate", "plan", "project", "will", and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements, although the absence of such words does not necessarily mean a statement is not forward-looking. These forward-looking statements include, but are not limited to, Silicon Labs' expectations regarding its near- and long-term strength and durable growth trajectory and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations that are expressed or implied herein. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: our ability to complete the merger with Texas Instruments within the time frame expected, or at all, as well as potential disruptions in our business and restrictions on our activities during the pendency of the merger; fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs' business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs' distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs' products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.

Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.

Silicon Laboratories Inc. Condensed Consolidated Statements of Operations (In thousands, except per share data) (Unaudited)
	Three Months Ended
	April 4, 2026		April 5, 2025
Revenues	$       213,500		$       177,714
Cost of revenues	86,502		79,937
Gross profit	126,998		97,777
Operating expenses:
Research and development	88,594		88,219
Selling, general and administrative	55,486		41,638
Operating expenses	144,080		129,857
Operating loss	(17,082)		(32,080)
Other income (expense):
Interest income and other, net	3,626		3,793
Interest expense	(232)		(284)
Loss before income taxes	(13,688)		(28,571)
Provision for income taxes	2,209		1,899
Net loss	$        (15,897)		$        (30,470)
Loss per share:
Basic	$          (0.48)		$          (0.94)
Diluted	$          (0.48)		$          (0.94)
Weighted-average common shares outstanding:
Basic	32,963		32,465
Diluted	32,963		32,465

Non-GAAP Financial Measurements

In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.

The non-GAAP financial measurements do not replace the presentation of Silicon Labs' GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs' financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.

Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except per share data)
		Three Months Ended April 4, 2026
Non-GAAP Income Statement Items		GAAP Measure		GAAP Percent of Revenue		Stock Compensation Expense		Intangible Asset Amortization		Acquisition- Related Costs		Other Costs		Non-GAAP Measure		Non-GAAP Percent of Revenue
Revenues		$ 213,500
Gross profit		126,998		59.5 %		$         442		$          —		$          —		$   —		$ 127,440		59.7 %
Research and development		88,594		41.5 %		11,416		2,295		—		664		74,219		34.8 %
Selling, general and administrative		55,486		26.0 %		9,197		—		11,213		—		35,076		16.4 %
Operating expenses		144,080		67.5 %		20,613		2,295		11,213		664		109,295		51.2 %
Operating income (loss)		(17,082)		(8.0 %)		21,055		2,295		11,213		664		18,145		8.5 %

 

		Three Months Ended April 4, 2026
Non-GAAP Earnings (Loss) Per Share		GAAP Measure		Stock Compensation Expense*		Intangible Asset Amortization*		Acquisition- Related Costs*		Other Costs*		Income Tax Adjustments**		Non- GAAP Measure
Net income (loss)		$  (15,897)		$     21,055		$       2,295		$      11,213		$     664		$       (1,668)		$     17,662
				Shares Excluded Due to Net Loss
Diluted shares outstanding		32,963		585										33,548
Diluted earnings (loss) per share		$    (0.48)												$        0.53

*  Represents pre-tax amounts

**  Represents the application of an 18% non-GAAP tax rate

 

Silicon Laboratories Inc. Condensed Consolidated Balance Sheets (In thousands, except per share data) (Unaudited)
	April 4, 2026		January 3, 2026
Assets
Current assets:
Cash and cash equivalents	$       383,089		$       364,222
Short-term investments	55,767		79,400
Accounts receivable, net	77,120		64,513
Inventories	103,232		95,566
Prepaid expenses and other current assets	57,113		70,316
Total current assets	676,321		674,017
Property and equipment, net	131,821		128,643
Goodwill	376,389		376,389
Other intangible assets, net	20,836		23,130
Other assets, net	61,094		67,138
Total assets	$     1,266,461		$     1,269,317
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$         56,384		$         50,717
Deferred revenue and returns liability	9,822		5,359
Other current liabilities	66,273		87,711
Total current liabilities	132,479		143,787
Other non-current liabilities	35,448		31,112
Total liabilities	167,927		174,899
Commitments and contingencies
Stockholders' equity:
Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued	—		—
Common stock – $0.0001 par value; 250,000 shares authorized; 32,968 and 32,955 shares issued and outstanding at April 4, 2026 and January 3, 2026, respectively	3		3
Additional paid-in capital	177,551		157,402
Retained earnings	920,917		936,814
Accumulated other comprehensive income	63		199
Total stockholders' equity	1,098,534		1,094,418
Total liabilities and stockholders' equity	$     1,266,461		$     1,269,317

 

Silicon Laboratories Inc. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited)
	Three Months Ended
	April 4, 2026		April 5, 2025
Operating Activities
Net loss	$        (15,897)		$        (30,470)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation of property and equipment	6,047		6,248
Amortization of other intangible assets	2,295		5,437
Stock-based compensation expense	21,055		19,714
Deferred income taxes	1,153		(1,514)
Changes in operating assets and liabilities:
Accounts receivable	(12,608)		2,412
Inventories	(7,616)		22,098
Prepaid expenses and other assets	6,813		2,973
Accounts payable	3,387		9,234
Other current liabilities and income taxes	(7,415)		11,870
Deferred revenue and returns liability	4,463		3,405
Other non-current liabilities	3,257		(3,279)
Net cash provided by operating activities	4,934		48,128
Investing Activities
Purchases of marketable securities	—		(19,728)
Sales of marketable securities	—		10,005
Maturities of marketable securities	23,461		10,675
Purchases of property and equipment	(9,837)		(4,852)
Proceeds from capital-related government incentives	1,265		—
Net cash provided by (used in) investing activities	14,889		(3,900)
Financing Activities
Payment of taxes withheld for vested stock awards	(956)		(958)
Net cash used in financing activities	(956)		(958)
Increase in cash and cash equivalents	18,867		43,270
Cash and cash equivalents at beginning of period	364,222		281,607
Cash and cash equivalents at end of period	$       383,089		$       324,877

 

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SOURCE Silicon Labs

FAQ

What were Silicon Labs (SLAB) Q1 2026 revenue and EPS results?

Q1 2026 revenue was $214 million and non-GAAP diluted EPS was $0.53. According to the company, GAAP results included a $17 million operating loss and GAAP diluted loss per share of $0.48.

How did Silicon Labs (SLAB) perform by segment in Q1 2026?

Industrial & Commercial revenue was $128 million, up 33% year-over-year; Home & Life was $86 million, up 5%. According to the company, strength came from electronic shelf labels, smart metering, and medical applications.

What margins and operating income did SLAB report for Q1 2026?

Non-GAAP gross margin was 59.7% and non-GAAP operating income was $18 million. According to the company, GAAP gross margin was 59.5% with higher GAAP operating expenses driving a reported GAAP loss.

Why did Silicon Labs (SLAB) suspend forward-looking guidance after Q1 2026?

Guidance was suspended because of the pending acquisition by Texas Instruments. According to the company, the transaction timing and integration process create uncertainty for providing forward-looking guidance.

What operational indicators did SLAB cite that suggest demand momentum?

The company reported a multi-year high book-to-bill ratio and two quarters of record design wins. According to the company, bookings accelerated while distributor and end-customer inventories declined during the quarter.