Silicon Labs (NASDAQ: SLAB) grows Q1 revenue 20% as TI merger advances
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Silicon Laboratories Inc. reported first-quarter 2026 results with revenue of $213.5 million and non-GAAP diluted earnings per share of $0.53. Revenue grew 20% year-over-year, led by Industrial & Commercial revenue of $128 million, up 33%, and Home & Life revenue of $86 million, up 5%.
On a GAAP basis, the company posted a net loss of $15.9 million, or $0.48 per diluted share, with a GAAP gross margin of 59.5%. Non-GAAP operating income was $18.1 million with a 59.7% non-GAAP gross margin. Silicon Labs ended the quarter with $383.1 million in cash and cash equivalents and has suspended forward-looking guidance due to the pending acquisition by Texas Instruments.
Positive
- None.
Negative
- None.
Insights
Q1 shows solid IoT rebound, but profitability still hinges on non-GAAP metrics.
Silicon Labs delivered Q1 2026 revenue of $213.5M, up 20% year-over-year, with strength in Industrial & Commercial at $128M and Home & Life at $86M. GAAP gross margin of 59.5% and non-GAAP gross margin of 59.7% highlight a relatively rich mix.
Despite the top-line growth, GAAP results remained loss-making, with operating loss of $17.1M and net loss of $15.9M or $(0.48) per share. Non-GAAP adjustments, mainly stock-based compensation, amortization and acquisition-related costs, turned this into non-GAAP operating income of $18.1M and EPS of $0.53.
Operating cash flow was modest at $4.9M, while cash and cash equivalents increased to $383.1M as of April 4, 2026. With guidance suspended due to the pending Texas Instruments transaction, subsequent filings about the merger’s progress and closing conditions will frame how investors interpret this growth trajectory.
8-K Event Classification
2 items: 2.02, 9.01
2 items
Item 2.02
Results of Operations and Financial Condition
Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Revenue: $213.5M
Revenue YoY growth: 20%
Industrial & Commercial revenue: $128M
+5 more
8 metrics
Revenue
$213.5M
Three months ended April 4, 2026
Revenue YoY growth
20%
Q1 2026 vs Q1 2025
Industrial & Commercial revenue
$128M
Q1 2026 segment revenue, up 33% YoY
GAAP net loss
$15.9M
Q1 2026, $(0.48) diluted loss per share
Non-GAAP diluted EPS
$0.53
Three months ended April 4, 2026
Non-GAAP operating income
$18.1M
Q1 2026, 8.5% of revenue
Cash and cash equivalents
$383.1M
Balance as of April 4, 2026
Operating cash flow
$4.9M
Net cash provided by operating activities, Q1 2026
Key Terms
non-GAAP gross margin, book-to-bill ratio, equity-method investment adjustments, long-term non-GAAP tax rate, +1 more
5 terms
non-GAAP gross margin financial
"Non-GAAP gross margin was 59.7%"
Non-GAAP gross margin is a measure of a company's profitability that shows how much money it makes from sales after subtracting the direct costs of producing its products or services, but without applying certain accounting adjustments required by standard rules. It helps investors understand the company's core earning ability by excluding items like one-time expenses or accounting changes. This metric provides a clearer picture of ongoing business performance beyond official financial reports.
book-to-bill ratio financial
"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.
equity-method investment adjustments financial
"Equity-method investment adjustments – primarily include the proportionate share of gains and/or losses"
long-term non-GAAP tax rate financial
"represents the application of a long-term non-GAAP tax rate of 18%"
forward-looking statements regulatory
"This press release contains forward-looking statements regarding Silicon Labs’ current expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Earnings Snapshot
Revenue: $213.5M
Three months ended April 4, 2026
Revenue
$213.5M
+20% YoY
GAAP diluted EPS
$(0.48)
Non-GAAP diluted EPS
$0.53
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): May 5, 2026
(Exact Name of Registrant as Specified in Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||
Registrant’s telephone number, including area code: (512 ) 416-8500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Securities Exchange Act of 1934. o
Item 2.02. Results of Operations and Financial Condition
On May 5, 2026, Silicon Laboratories Inc. (“Silicon Laboratories”) issued a press release announcing its results of operations for its fiscal quarter ended April 4, 2026. A copy of the press release is attached as Exhibit 99 to this report.
Item 9.01. Financial Statements and Exhibits
(d)Exhibits.
| 99 | Press Release of Silicon Laboratories Inc. dated May 5, 2026 | ||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) | ||||
Use of Non-GAAP Financial Information
From time to time, Silicon Laboratories provides certain non-GAAP financial measures as additional information relating to its operating results. The non-GAAP financial measurements provided in the press release furnished herewith do not replace the presentation of Silicon Laboratories’ GAAP financial results. These additional measurements merely provide supplemental information to assist investors in analyzing Silicon Laboratories’ financial position and results of operations; however, these measures are not in accordance with, or an alternative to, GAAP and may be different from non-GAAP measures used by other companies.
Non-GAAP financial measures used by Silicon Laboratories include non-GAAP gross profit, non-GAAP gross margin, non-GAAP research and development expense and non-GAAP research and development expense as a percentage of revenue, non-GAAP selling, general and administrative expense and non-GAAP selling, general and administrative as a percentage of revenue, non-GAAP operating expenses and non-GAAP operating expenses as a percentage of revenue, non-GAAP operating income (loss) and non-GAAP operating income (loss) as a percentage of revenue, non-GAAP income (loss) before income taxes and equity-method earnings (loss), non-GAAP tax expense, non-GAAP tax rate, non-GAAP net income (loss), and non-GAAP diluted earnings (loss) per share. Silicon Laboratories has chosen to provide this information to investors because it believes that such supplemental information enables them to perform meaningful comparisons of past, present and future operating results, and as a means to highlight the results of core ongoing operations.
Non-GAAP financial measures are adjusted by the following items, as applicable for the relevant period:
•Stock compensation expense – represents charges for employee stock awards issued under Silicon Laboratories’ stock-based compensation plans. Stock compensation expense is excluded from non-GAAP financial measures because it is a non-cash expense, and excluding such expense provides meaningful supplemental information regarding core ongoing operations.
•Intangible asset amortization – primarily represents charges for the amortization of intangibles assets, such as core and developed technology, customer relationships and trademarks acquired in connection with business combinations. Intangible asset amortization is excluded from non-GAAP financial measures because it is a non-cash expense, and excluding such expense provides meaningful supplemental information regarding core ongoing operations.
•Acquisition and disposition related items – primarily including the following: charges for the fair value write-up associated with inventory acquired; adjustments to the fair value of acquisition-related contingent consideration; and acquisition-related costs of a business combination or disposition-related costs of a business divestiture, such as costs for attorneys, investment bankers, accountants and other third party service providers. Acquisition and disposition related items are excluded from non-GAAP financial measures because excluding such amounts provides meaningful supplemental information regarding core ongoing operations.
•Termination costs, impairments, and fair value and other adjustments – primarily include costs associated with certain employee terminations, asset impairments, fair value adjustments resulting from observable price changes and other non-cash adjustments. Termination costs, impairments, and fair value and other adjustments are excluded from non-GAAP financial measures because excluding such amounts provides meaningful supplemental information regarding core ongoing operations.
•Equity-method investment adjustments – primarily include the proportionate share of gains and/or losses from investments accounted for by the equity method of accounting. Equity-method investment adjustments are excluded from non-GAAP financial measures because these generally are non-cash, represent non-operating activity during the period of adjustment, relate to activity in entities outside of the operational control of Silicon Laboratories, and excluding such expense/gain provides meaningful supplemental information regarding core operations.
•Interest expense adjustments – represents losses or gains on the extinguishment of convertible debt and losses or gains on the termination of interest rate swap agreements. Such amounts are excluded from non-GAAP financial measures because they are non-cash expenses and/or excluding such amounts provides meaningful supplemental information regarding core ongoing operations.
•Income tax adjustments – effective from the first quarter of 2026, represents the application of a long-term non-GAAP tax rate of 18% to non-GAAP income before income taxes. The non-GAAP tax rate is determined based on a multi-year forecast that takes into consideration the following: the current and deferred income tax effects of the above non-GAAP adjustments; other indirect impacts of excluding stock-based compensation; and the income tax impact of certain intercompany license arrangements for technology acquired in business combinations. This non-GAAP tax rate also considers factors such as tax structure, tax positions in various jurisdictions, and key legislation in significant jurisdictions where Silicon Laboratories operates. This non-GAAP tax rate may be subject to change for a variety of reasons, including the rapidly evolving global tax environment, significant changes in geographic earnings mix, changes to strategy or business operations, or corporate organizational changes related to acquisitions or tax planning opportunities.
Pursuant to the requirements of Regulation G, Silicon Laboratories has provided in the press release furnished with this report a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures.
The information in this report, including the exhibit hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. The information contained therein and in the accompanying exhibit shall not be incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by Silicon Laboratories, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SILICON LABORATORIES INC. | ||||||||
May 5, 2026 | /s/ Dean Butler | |||||||
| Date | Dean Butler | |||||||
| Senior Vice President and Chief Financial Officer | ||||||||
| (Principal Financial Officer) | ||||||||
Exhibit 99
Silicon Labs Reports First Quarter 2026 Results
Wireless IoT leader delivers $214 million in revenue and non-GAAP EPS of $0.53
AUSTIN, Texas – May 5, 2026 – 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.
CONTACT: Thomas Haws, Investor Relations Manager, (512) 416-8500, investor.relations@silabs.com
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 | |||||||
FAQ
How much revenue did Silicon Labs (SLAB) report for Q1 2026?
Silicon Labs reported Q1 2026 revenue of $213.5 million, up 20% year-over-year. Industrial & Commercial revenue reached $128 million and Home & Life revenue was $86 million, reflecting broad-based growth across key wireless IoT end markets.
What were Silicon Labs’ GAAP earnings and margins in Q1 2026?
Silicon Labs recorded a GAAP net loss of $15.9 million, or $(0.48) per diluted share. GAAP gross margin was 59.5%, with operating expenses of $144.1 million, resulting in a GAAP operating loss of $17.1 million for the quarter.
What were Silicon Labs’ key non-GAAP results for Q1 2026?
On a non-GAAP basis, Silicon Labs reported gross margin of 59.7% and operating income of $18.1 million. Non-GAAP diluted earnings per share were $0.53, reflecting exclusions for stock-based compensation, intangible amortization, acquisition-related costs and other specified items.
How did Silicon Labs’ segment revenues perform in Q1 2026?
Industrial & Commercial revenue was $128 million, up 33% year-over-year, driven by electronic shelf labels and smart metering. Home & Life revenue reached $86 million, up 5%, with medical applications growing 21%, highlighting diversified demand across IoT end markets.
What is Silicon Labs’ cash position after Q1 2026?
Silicon Labs ended Q1 2026 with $383.1 million in cash and cash equivalents. Net cash provided by operating activities was $4.9 million, and total assets were $1.27 billion, providing liquidity while the company navigates growth and its pending merger with Texas Instruments.
Why did Silicon Labs suspend forward-looking guidance in 2026?
Silicon Labs suspended providing forward-looking guidance due to its pending acquisition by Texas Instruments. Management indicated that, given the announced transaction, it will no longer issue standard quarterly outlooks while the merger process progresses through required approvals and closing conditions.