Renowned two-day conference brings in-depth learning and expertise for the IoT AUSTIN, Texas, Nov. 5, 2024 /PRNewswire/ -- Silicon Labs, a leader in secure, intelligent wireless technology, is excited to announce that registration is now open for the 2024 Works With Virtual Developers Conference. Scheduled for November 20 and 21, this premier event is free to attend and will bring together IoT developers, device manufacturers, wireless experts, engineers, and business leaders from around the globe. "We are thrilled to open registrations for this year's Works With Virtual Devel

Wireless IoT leader delivers third-quarter results above the midpoint of its guidance   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 rema

AUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow the release at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through De

New Custom Part Manufacturing Service (CPMS) and Device Attestation Certificates (DAC) Injection Streamline Security Implementation for Matter-Certified IoT Devices AUSTIN, Texas, Oct. 9, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology, in partnership with Kudelski IoT, a division of the Kudelski Group (SIX: KUD.S) and a global leader in digital security and IoT solutions, today announced a new solution to accelerate the time to market for Matter-certified IoT devices. The collaboration integrates Kudelski IoT's Matter Device Attestation Certificates (DAC) into Silicon Labs' Custom Part Manufacturing Service (CPMS), enabling device makers

Breakthrough Hardware and Software Boosts Bluetooth Device Ranging Accuracy and Security AUSTIN, Texas, Sept. 3, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced its support for Bluetooth® Channel Sounding technology on the xG24 platform. Bluetooth® Channel Sounding is a new protocol stack designed to enable secure and precise distance measurement between two Bluetooth Low Energy (LE) connected devices. By offering true distance awareness, Bluetooth® Channel Sounding enhances the ac

AUSTIN, Texas, Aug. 29, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that the company will present at Citi's Global TMT Conference on Wednesday, September 4, 2024, at The Lotte New York Palace Hotel in New York City. Silicon Labs President and CEO Matt Johnson is scheduled to participate in a fireside chat at 3:00 p.m. Eastern Time. The discussion will be webcast on the Investor Relations page of the company website at silabs.com. Silicon Labs Silicon Labs (NASDAQ:SLAB) is a lea

AUSTIN, Texas, Aug. 19, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that Chief Financial Officer Dean Butler will participate in the following upcoming investor conferences later this month: August 22, 2024: Needham Virtual Semiconductor & SemiCap 1x1 ConferenceAugust 27, 2024: Jefferies Semiconductor, IT Hardware & Communications Technology Conference in Chicago, ILAugust 28, 2024: Evercore ISI Semiconductor, IT Hardware & Networking ConferenceSilicon Labs Silicon Labs (NASDAQ

Works With 2024 and embedded world North America Keynotes Showcase the IoT's Transformative Convergence with AI AUSTIN, Texas, Aug. 15, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology, is set to deliver five impactful global keynotes this fall, further establishing its position at the forefront of IoT wireless innovation. The company's presentations at its own Works With 2024 global series of developer conferences and inaugural embedded world North America will center on the transformative convergence of AI and IoT and its profound implications for embedded systems.

EFR32MG21 SoC Tailored for Zigbee Applications Offers Several Advantages for ZBMicro AUSTIN, Texas, Aug. 1, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that its MG21 2.4 GHz wireless SoC had been selected by SONOFF for its new  ZBMicro smart switch, SONOFF's Micro Zigbee USB Smart Adaptor. ZBMicro is a groundbreaking addition to the realm of smart home technology. From its role as a smart switch for USB devices to its capabilities as a Zigbee router and support for fast charging, the ZBMicro delivers an unparalleled user experience that elevates the connectivity and convenience of modern smar

Wireless IoT leader delivers strong second-quarter growth AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. "Silicon Labs delivered another quarter of strong sequential growth, driven by a combination of design wins ramping to production in several key growth areas, and end customers working down their excess inventory," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Look

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Wireless IoT leader delivers third-quarter results above the midpoint of its guidance   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 rema

AUSTIN, Texas, Oct. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release third quarter 2024 financial results on Monday, November 4, 2024. An earnings conference call will follow the release at 3:30 p.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through De

Wireless IoT leader delivers strong second-quarter growth AUSTIN, Texas, July 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the second quarter, which ended June 29, 2024. "Silicon Labs delivered another quarter of strong sequential growth, driven by a combination of design wins ramping to production in several key growth areas, and end customers working down their excess inventory," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Look

AUSTIN, Texas, July 15, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release second quarter 2024 financial results on Wednesday, July 24, 2024. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through A

Wireless IoT leader sees sequential revenue growth accelerating into the second quarter   AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the first quarter, which ended March 30, 2024. "Silicon Labs delivered strong sequential growth in the first quarter, driven by progress in end-customer inventory destocking in both the Home & Life and Industrial & Customer business units," said Matt Johnson, President and Chief Executive Officer at Silicon

AUSTIN, Texas, April 11, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release first quarter 2024 financial results on Wednesday, April 24, 2024. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available through

AUSTIN, Texas, Feb. 27, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that Dean Butler will join the company as Senior Vice President and Chief Financial Officer (CFO), effective May 15, 2024. Butler will be responsible for Silicon Labs' financial strategy and lead the global finance organization. Butler will succeed Mark Mauldin, currently serving as interim CFO. Butler joins Silicon Labs from Synaptics Incorporated, where he has served as Senior Vice President and CFO since Oct

IoT leader reports results above expectations and anticipates growth in the first quarter AUSTIN, Texas, Feb. 7, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, reported financial results for the fourth quarter, which ended December 30, 2023. "Though the market environment remains volatile, with inventory corrections continuing across our end markets, we delivered top and bottom-line results ahead of expectations," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "We expec

The company is assessing the documentation of controls related to inventory AUSTIN, Texas, Jan. 29, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced a one-week delay to its scheduled earnings conference call for the quarter ended on December 30, 2023. The company has determined that a material weakness in internal control related to the operation and documentation of certain inventory controls existed as of December 30, 2023. The delay in reporting allows additional time to evaluate the impact, if any, of the material weakness on the company's financial reporting as of the end of the quarterly per

AUSTIN, Texas, Jan. 17, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced that it plans to release fourth quarter 2023 financial results on Wednesday, January 31, 2024. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company's website at silabs.com. A replay will be available after the call on the investor page of the company's website at silabs.com. The replay will be available throug

Needham analyst Quinn Bolton reiterates Silicon Laboratories (NASDAQ:SLAB) with a Buy and maintains $150 price target.

Fabless global technology company Silicon Laboratories Inc (NASDAQ:SLAB) reported fiscal second-quarter 2024 sales of $145.37 million, down 40.6% year-over-year, beating the analyst consensus estimate of $140.16 million.  The fabless global technology company’s adjusted EPS loss of 56 cents beat the analyst consensus loss estimate of $(0.64). Margins: Adjusted gross margin of 53% and adjusted operating margin loss of 17.3% fell from 58.9% and 16.3% a year ago, respectively.  Industrial & Commercial revenue for the quarter was $88 million, down from $165 million a year ago. Home & Life revenue for the quarter was $57 million, down from $80 million a year earlier. CEO Matt Johnson

Business OutlookThe company expects third-quarter revenue to be between $160 to $170 million. The company also estimates the following results:On a GAAP basis:GAAP gross margin to be between 54% to 56%GAAP operating expenses of approximately $123 million to $125 millionGAAP diluted loss per share per share between $(0.95) to $(1.25)

Silicon Laboratories (NASDAQ:SLAB) reported quarterly losses of $(0.56) per share which beat the analyst consensus estimate of $(0.64) by 12.5 percent. The company reported quarterly sales of $145.00 million which beat the analyst consensus estimate of $140.16 million by 3.46 percent. This is a 40.78 percent decrease over sales of $244.87 million the same period last year.

JPMorgan hosted 13 semiconductor, semiconductor capital equipment, and chip design/EDA/IP companies at their 52nd annual Global Technology, Media, and Communications Conference in Boston this week. The key takeaway? The semiconductor industry is entering the early stages of an upcycle, driven by broad-based cyclical improvements and strengthening AI demand. Here’s what investors need to know. Early Stages of Semiconductor Upcycle The semiconductor industry is showing signs of entering a new upcycle. Presenting companies expressed optimism about their revenue prospects for the second half of the year. They include: Advanced Micro Devices Inc (NASDAQ:AMD) GlobalFoundries In

Citigroup analyst Atif Malik maintains Silicon Laboratories (NASDAQ:SLAB) with a Neutral and lowers the price target from $137 to $120.

Barclays analyst Blayne Curtis maintains Silicon Laboratories (NASDAQ:SLAB) with a Equal-Weight and lowers the price target from $140 to $120.

JP Morgan analyst Peter Peng maintains Silicon Laboratories (NASDAQ:SLAB) with a Overweight and lowers the price target from $165 to $150.

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TD Cowen reiterated coverage of Silicon Labs with a rating of Buy and set a new price target of $145.00 from $155.00 previously

Needham upgraded Silicon Labs from Hold to Buy and set a new price target of $150.00

Summit Insights downgraded Silicon Labs from Buy to Hold

TD Cowen reiterated coverage of Silicon Labs with a rating of Outperform and set a new price target of $155.00 from $140.00 previously

JP Morgan initiated coverage of Silicon Labs with a rating of Overweight and set a new price target of $145.00

Barclays upgraded Silicon Labs from Underweight to Equal Weight

Raymond James initiated coverage of Silicon Labs with a rating of Mkt Perform

Summit Insights upgraded Silicon Labs from Hold to Buy

Cowen reiterated coverage of Silicon Labs with a rating of Outperform and set a new price target of $175.00 from $150.00 previously

Needham downgraded Silicon Labs from Buy to Hold

New Custom Part Manufacturing Service (CPMS) and Device Attestation Certificates (DAC) Injection Streamline Security Implementation for Matter-Certified IoT Devices AUSTIN, Texas, Oct. 9, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology, in partnership with Kudelski IoT, a division of the Kudelski Group (SIX: KUD.S) and a global leader in digital security and IoT solutions, today announced a new solution to accelerate the time to market for Matter-certified IoT devices. The collaboration integrates Kudelski IoT's Matter Device Attestation Certificates (DAC) into Silicon Labs' Custom Part Manufacturing Service (CPMS), enabling device makers

AUSTIN, Texas, April 24, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the appointment of industry veteran Bob Conrad as its Senior Vice President of Worldwide Operations. Conrad transitions from his current role serving on Silicon Labs' Board of Directors and brings over 40 years of experience in the semiconductor industry to his new position. With a distinguished career that includes leadership roles at Texas Instruments, Analog Devices, Fairchild Semiconductor, Freescale, and NXP Semiconductors, Conrad's extensive background will bolster Silicon Labs' global operations as the company advance

AUSTIN, Texas, April 19, 2024 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced Radhika Chennakeshavula will join the company as Chief Information Officer (CIO), effective April 24, 2024. Chennakeshavula will drive Silicon Labs' digital transformation strategy, as well as oversee IT operations, enterprise applications and data analytics. Chennakeshavula previously served as the VP of Infrastructure Operations and Engineering Services at Western Digital, where she successfully led the infr

John Hollister will depart to join partner GlobalFoundries as CFO; CAO Mark Mauldin to be named interim CFO AUSTIN, Texas, Dec. 11, 2023 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, announced that John Hollister will step down as chief financial officer (CFO) to join partner GlobalFoundries as its CFO. Mark Mauldin, Silicon Labs' chief accounting officer, will work closely with Hollister to transition responsibilities and will be named interim chief financial officer when the handover is completed by February 2, 2024. Silicon Labs is conducting a search for a new CFO to continue to scale the company as a leader in

Semiconductor Veteran Brings Decades of Strategic and Operational Expertise to Board AUSTIN, Texas, July 27, 2022 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the appointment of Robert "Bob" Conrad to the company's board of directors. Conrad brings nearly 40 years of experience in the semiconductor industry, driving strategic focus and successfully scaling businesses.  "We are excited to welcome Bob to the Silicon Labs board of directors," said Matt Johnson, Silicon Labs CEO. "He is

AUSTIN, Texas, Jan. 3, 2022 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology today announced that Sumit Sadana has been appointed Lead Director of the company's board of directors. Sadana succeeds Bill Wood who has held that position since 2005 and remains a member of the board.    Sadana has been a director on the Silicon Labs board since 2015 and he is a member of the nominating and governance committee. He is currently the executive vice president and chief business officer at Micron Technology (NASDAQ:MU), a leader in innovati

AUSTIN, Texas, Jan. 3, 2022 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology today announced the appointment of Sherri Luther to the company's board of directors. She brings more than 30 years of experience guiding global technology companies as they scale and accelerate growth to her Silicon Labs board position. Ms. Luther currently serves as the Chief Financial Officer for Lattice Semiconductor (NASDAQ:LSCC), a global leader in low power FPGAs, and was recently named 'CFO of the Year' by the Portland Business Journal. She has d

AUSTIN, Texas, July 28, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced the board-approved, succession plan to elect company President Matt Johnson as the new chief executive officer when Tyson Tuttle retires on January 1, 2022. "With our IoT vision, strategy and roadmap set and record-breaking financial results delivered, I decided now is the best time to announce our leadership transition plan," said Silicon Labs CEO Tyson Tuttle. "Matt Johnson has successfully managed ou

AUSTIN, Texas, April 23, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced the appointment of Daniel Cooley – formerly chief strategy officer – to chief technology officer. Cooley is an industry-respected, IoT technology visionary and has been instrumental in building the unmatched breadth and depth of the company's wireless connectivity portfolio. Since 2005, Cooley has served in a variety of engineering and business leadership positions at Silicon Labs in the US, Asia an

AUSTIN, Texas, April 22, 2021 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today announced the promotion of Matt Johnson to president. A widely experienced business, engineering and operations leader, Johnson served as the company's senior vice president and general manager of IoT Products. He assumes the new role effective immediately and will continue to report to Silicon Labs CEO Tyson Tuttle.   "Since 2018, I've partnered with Matt on building and scaling our wireless connectivity bus