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Silicon Laboratories (SLAB)
:SLAB
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.11Last Year’s EPS
-1.19Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2018
|% Change Since: 28.65%
|Next Earnings Date:Jul 25, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive developments and ongoing challenges. While there were notable achievements in revenue exceeding guidance, innovative product launches, and potential in new markets like continuous glucose monitoring, the company also faced significant year-over-year revenue declines, industrial segment weakness, and operating losses. Additionally, market recovery remains uncertain with limited visibility.Company Guidance
During the Silicon Labs Third Quarter Fiscal 2024 Earnings Call, the company provided guidance that reflects a cautious outlook due to ongoing market uncertainties. Revenue for Q3 was reported at $166 million, a 14% sequential increase but an 18% year-over-year decline, attributed to excess inventory absorption. The guidance for Q4 projects revenue between $161 million and $171 million, indicating a flat quarter-on-quarter comparison. Gross margins are expected to remain stable, with GAAP margins between 54% and 55% and non-GAAP margins in the same range. Silicon Labs highlighted design win ramps in growth areas like connected health and smart metering as key drivers for near-term growth, despite challenges in the industrial and commercial markets. The company also noted a shift in distribution mix, with 72% of revenue from distribution, down from historical levels of 80%, and forecasted no significant channel restocking in the near term. Overall, Silicon Labs anticipates gradual demand recovery, with design wins and new product introductions contributing to growth in 2025.Revenue and Earnings Exceeded Guidance Midpoint
Silicon Labs delivered third quarter results with revenue of $166 million, up 14% sequentially and slightly ahead of the midpoint of prior guidance.
Strong Performance in Home & Life Segment
Home & Life revenue was $70 million, up 22% sequentially, driven by strength in applications like smart watches and fitness trackers.
Successful Product Launches and Innovations
Announced Series 2 enablement of Bluetooth channel sounding and sampling of first Series 3 device, enhancing AI capabilities and power efficiency.
Reduction in Internal Inventory
Reduced internal inventory by $27 million, contributing to a positive operating cash flow of $32 million for the quarter.
Positive Outlook for Continuous Glucose Monitoring Market
Secured more than a dozen design wins in continuous glucose monitoring, with market potential in hundreds of millions of units.
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SLAB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SLAB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $104.74 | $104.46 | -0.27% |
| Jul 24, 2024 | $116.24 | $115.43 | -0.70% |
| Apr 24, 2024 | $125.41 | $114.26 | -8.89% |
| Feb 07, 2024 | $118.30 | $133.71 | +13.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Silicon Laboratories (SLAB) report earnings?
Silicon Laboratories (SLAB) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Silicon Laboratories (SLAB) earnings time?
Silicon Laboratories (SLAB) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLAB EPS forecast?
SLAB EPS forecast for the fiscal quarter 2024 (Q4) is -0.11.
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