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Stock impact report

Silicon Labs Reports Third Quarter 2024 Results [Yahoo! Finance]

Silicon Laboratories, Inc. (SLAB) 
Last silicon laboratories, inc. earnings: 4/29 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: investor.silabs.com
Company Research Source: Yahoo! Finance
AUSTIN, Texas Nov. 4, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the third quarter, which ended September 28, 2024. "Silicon Labs delivered solid sequential revenue growth as several key design wins began ramping in the quarter," said Matt Johnson , President and Chief Executive Officer at Silicon Labs. "Looking ahead, progress on inventory destocking and demand recovery remains uneven across our end markets. Despite the uncertain market backdrop in the near-term, we remain well-positioned for long-term growth and market share expansion." Third Quarter Financial Highlights Revenue was $166 million Industrial & Commercial revenue for the quarter was $96 million , up 10% sequentially Home & Life revenue for the quarter was $70 million , up 22% sequentially Results on a GAAP basis: GAAP gross margin was 54.3% GAAP operating expenses were $120 million GA Show less Read more
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