Silicon Labs Reports First Quarter 2025 Results

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[{"type":"text","content":"Wireless IoT leader delivers strong sequential and year-over-year revenue growth\nAUSTIN, Texas, May 13, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the first quarter, which ended April 5, 2025.\n\n \n \n \n \n \n \n\n \n\"Silicon Labs drove strong sequential and year-over-year revenue growth as design wins across multiple end markets continued ramping in the first quarter of 2025,\" said Matt Johnson, President and Chief Executive Officer at Silicon Labs. \"Despite macroeconomic uncertainty and shifting trade dynamics, we remain confident in Silicon Labs' ability to outperform the market given our leadership position in secular high-growth applications and consistent share gains.\"\nFirst Quarter Financial Highlights \nRevenue was $178 millionIndustrial & Commercial revenue for the quarter was $96 million, up 47% year-over-yearHome & Life revenue for the quarter was $82 million, up 99% year-over-yearResults on a GAAP basis:\nGAAP gross margin was 55.0%GAAP operating expenses were $130 millionGAAP operating loss was $32 millionGAAP diluted loss per share was $(0.94)Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:\nNon-GAAP gross margin was 55.4%Non-GAAP operating expenses were $105 millionNon-GAAP operating loss was $7 millionNon-GAAP diluted loss per share was $(0.08)Business Highlights\nSilicon Labs' first device in its next-generation Series 3 platform on 22nm process technology is now ramping into production. The Series 3 platform will be complementary to Series 2, with advancements in performance, capabilities, and features, including higher levels of compute and AI inference, as well as scalable memory architectures and backwards code compatibility with Series 2.Announced its new Series 2 BG29 family of Bluetooth Low Energy (LE) SoCs, designed to bring higher levels of compute and connectivity in ultra-compact form factor without compromising wireless performance. The BG29 family is ideal for today's most intensive Bluetooth LE applications like wearable medical devices, asset trackers, and smart sensors.Introduced the BG22L and BG24L SoCs for Bluetooth® LE optimized for ...

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