Silicon Labs Reports First Quarter 2024 Results [Yahoo! Finance]
Silicon Laboratories, Inc. (SLAB)
Last silicon laboratories, inc. earnings: 4/29 07:05 am
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Source: Yahoo! Finance
AUSTIN, Texas April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the first quarter, which ended March 30, 2024. "Silicon Labs delivered strong sequential growth in the first quarter, driven by progress in end-customer inventory destocking in both the Home & Life and Industrial & Customer business units," said Matt Johnson , President and Chief Executive Officer at Silicon Labs. "While we are still in the early stages of the recovery, we expect revenue growth to accelerate in the second quarter as excess inventory is further reduced, bookings improve, and design wins continue to ramp." First Quarter Financial Highlights Revenue was $106 million Industrial & Commercial revenue for the quarter was $65 million Home & Life revenue for the quarter was $41 million Results on a GAAP basis: GAAP gross margin was 52% GAAP R&D expenses were $81 million GAAP S
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- Silicon Laboratories Inc. (NASDAQ:SLAB) Consensus Forecasts Have Become A Little Darker Since Its Latest Report [Yahoo! Finance]Yahoo! Finance
- Silicon Laboratories Inc. (NASDAQ: SLAB) had its price target lowered by analysts at Citigroup Inc. from $137.00 to $120.00. They now have a "neutral" rating on the stock.MarketBeat
- Silicon Laboratories Inc. (NASDAQ: SLAB) had its price target lowered by analysts at Barclays PLC from $140.00 to $120.00. They now have an "equal weight" rating on the stock.MarketBeat
- Silicon Laboratories Inc. (NASDAQ: SLAB) had its price target lowered by analysts at JPMorgan Chase & Co. from $165.00 to $150.00. They now have an "overweight" rating on the stock.MarketBeat
SLAB
Earnings
- 4/24/24 - Beat
SLAB
Sec Filings
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- 4/24/24 - Form 8-K
- SLAB's page on the SEC website