In This Article:
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Revenue: $178 million for the March quarter, up 7% sequentially and 67% year over year.
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Industrial and Commercial Revenue: $96 million, up 8% sequentially and 47% year over year.
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Home and Life Revenue: $82 million, up 5% sequentially and 99% year over year.
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Gross Margin: GAAP gross margin at 55%; non-GAAP gross margin at 55.4%.
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Operating Expenses: GAAP operating expenses were $130 million; non-GAAP operating expenses were $105 million.
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Operating Loss: GAAP operating loss of $32 million; non-GAAP operating loss of $7 million.
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Net Loss Per Share: GAAP loss per share of $0.94; non-GAAP loss per share of $0.08.
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Cash and Investments: Ended the quarter with $425 million in cash, cash equivalents, and short-term investments.
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Operating Cash Flow: Positive operating cash flow of $48 million for the March quarter.
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Inventory: Internal inventory reduced by $22 million, ending at $83 million; days of inventory on hand improved to 94 days.
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Revenue Guidance for June Quarter: Expected to be in the range of $185 million to $200 million, implying 32% year-over-year growth at the midpoint.
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Gross Margin Guidance for June Quarter: Expected to be in the range of 55% to 57% for both GAAP and non-GAAP.
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Non-GAAP Earnings Per Share Guidance: Expected to be in the range of $0.19 to a loss of $0.01.
Release Date: May 13, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Silicon Laboratories Inc (NASDAQ:SLAB) reported strong first-quarter results with both sequential and year-over-year revenue growth across its business units.
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The Home and Life business nearly doubled year-over-year, driven by connected healthcare and smart home applications.
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The Industrial and Commercial business grew significantly, with high single-digit sequential growth and double-digit year-over-year growth.
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The company has successfully diversified its supply chain, minimizing the impact of geopolitical shifts and tariffs.
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Silicon Laboratories Inc (NASDAQ:SLAB) introduced new products, including the BG29 family of Bluetooth low-energy SoCs, enhancing its IoT offerings.
Negative Points
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The macroeconomic environment remains uncertain, which could impact future performance.
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Despite revenue growth, the company reported a GAAP operating loss of $32 million and a non-GAAP operating loss of $7 million.
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Channel inventory levels are below the target, indicating potential supply chain challenges.
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The company is still navigating the potential indirect impacts of tariffs on global economic demand.
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There is ongoing uncertainty regarding global trade policies, which could affect customer behavior and demand.