Picture of Silicon Laboratories logo

SLAB — Silicon Laboratories News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousLarge CapHigh Flyer

Silicon Labs Q3 revenue rises 24%, beats estimates

Overview

Silicon Labs Q3 revenue grows to $206 mln, beating analyst expectations

Adjusted EPS for Q3 was $0.32, reflecting operational performance

Company missed analyst estimates for net income and operating income

Outlook

Company expects Q4 revenue between $200 mln and $215 mln

Silicon Labs sees Q4 GAAP EPS between $(0.22) and $0.08

Company projects Q4 non-GAAP EPS between $0.40 and $0.70

Result Drivers

INDUSTRIAL & COMMERCIAL GROWTH - Revenue in this segment increased 22% year-over-year, contributing to overall sales growth

HOME & LIFE SEGMENT - Revenue in this segment rose 26% year-over-year, aiding overall performance

STRATEGIC PARTNERSHIP - Expanded partnership with GlobalFoundries to enhance U.S.-based semiconductor manufacturing

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$205.99 mln$205.10 mln (8 Analysts)
Q3 Adjusted EPS$0.32
Q3 Net IncomeMiss-$9.93 mln$10.10 mln (8 Analysts)
Q3 Operating IncomeMiss-$12.34 mln$9.43 mln (7 Analysts)
Q3 Gross Profit$119.01 mln
Q3 Operating Expenses$131.36 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell" The average consensus recommendation for the semiconductors peer group is "buy." Wall Street's median 12-month price target for Silicon Laboratories Inc is $147.00, about 13% above its November 3 closing price of $127.96 The stock recently traded at 60 times the next 12-month earnings vs. a P/E of 78 three months ago Press Release: ID:nPn7SDKX9a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Silicon Laboratories

See all news