Silicon Labs Reports Fourth Quarter 2024 Results

Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology, reported its fourth-quarter financial results for the period ending December 28, 2024.

Key Highlights:
- Revenue for the quarter was $166 million
- Industrial & Commercial revenue: $89 million, down 8% sequentially
- Home & Life revenue: $78 million, up 11% sequentially

GAAP Results:
- GAAP gross margin was 54.3%
- GAAP operating expenses were $119 million
- GAAP operating loss was $29 million
- GAAP diluted loss per share was $(0.73)

Non-GAAP Results:
- Non-GAAP gross margin was 54.6%
- Non-GAAP operating expenses were $98 million
- Non-GAAP operating loss was $7 million
- Non-GAAP diluted loss per share was $(0.11)

Business Outlook:
- The company expects first-quarter revenue between $170 million to $185 million
- GAAP gross margin is expected to range between 54% to 56%
- GAAP operating expenses are projected to be between $128 million to $130 million
- GAAP diluted loss per share is expected to range from $(0.75) to $(1.05)
- Non-GAAP gross margin is expected to be between 54% to 56%
- Non-GAAP operating expenses are estimated to be between $103 million to $105 million
- Non-GAAP diluted earnings (loss) per share are expected to range from $0.01 to $(0.19)

Silicon Labs is optimistic about its outlook, expecting sequential revenue growth in the first quarter and a strong 2025 with increasing design wins.