Silicon Labs slightly misses Q1 revenue estimates, suspends guidance

Silicon Laboratories

05/05/2026 21:10

Overview

Wireless IoT chipmaker's Q1 revenue rose 20% yr/yr, slightly missing analyst expectations

Company posted a GAAP net loss for Q1, missing analyst estimates

Company suspended guidance due to pending Texas Instruments acquisition

Outlook

Company has suspended providing forward-looking guidance due to pending Texas Instruments acquisition

Result Drivers

INDUSTRIAL & COMMERCIAL GROWTH - Co said revenue growth was led by its broad industrial business, with Industrial & Commercial revenue up 33% yr/yr

END-MARKET DEMAND - Strength in electronic shelf labels, smart metering, and medical end applications contributed to revenue growth

BOOKINGS & DESIGN WINS - Acceleration in bookings, declining inventory at distributors and customers, and record design win momentum supported results, per CEO Matt Johnson

Company press release: ID:nPn2B4P6Pa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$213.50 mln
$214.41 mln (6 Analysts)
Q1 Net Income
Miss
-$15.90 mln
$16.54 mln (6 Analysts)
Q1 Operating Income
Miss
-$17.08 mln
$17.75 mln (5 Analysts)
Q1 Gross Profit
$127 mln
Q1 Operating Expenses
$144.08 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 11 "hold" and no "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 $231.00, about 6.5% above its May 4 closing price of $217.00

The stock recently traded at 69 times the next 12-month earnings vs. a P/E of 53 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)