Silicon Laboratories ( (SLAB) ) has released its Q4 earnings. Here is a breakdown of the information Silicon Laboratories presented to its investors.
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Silicon Labs is a prominent company specializing in secure, intelligent wireless technology designed to enhance connectivity across various sectors, including industrial, commercial, and residential applications.
Silicon Labs reported its fourth-quarter results for 2024, noting significant revenue growth compared to the same period last year and anticipating further sequential growth in the upcoming quarter. The company continues to capitalize on its design wins and strategic focus areas.
In the fourth quarter, Silicon Labs achieved $166 million in revenue, nearly doubling from the previous year. The Home & Life segment showed an 11% sequential increase, while the Industrial & Commercial segment experienced an 8% decline. On a non-GAAP basis, the company reported a gross margin of 54.6% and a diluted loss per share of $(0.11).
The company forecasts first-quarter revenue to range between $170 million and $185 million, with non-GAAP gross margins remaining steady between 54% and 56%. This outlook reflects Silicon Labs’ confidence in its continued growth and market presence, driven by its ongoing product development and strategic initiatives.
Looking ahead, Silicon Labs remains optimistic about its growth trajectory in 2025, leveraging its innovative solutions and expanding production in key areas to enhance its market position and drive economic growth.
