Silicon Laboratories, Inc. · NASDAQ:SLAB
Silicon Laboratories — Q1 2025 Earnings Presentation
19 slides from Silicon Laboratories's earnings presentation, May 13, 2025
Slide 1: Silicon Labs Investor Presentation
Silicon Labs Investor Presentation M AY 1 3 , 2 0 2 5 1 ©Silicon Labs Inc. All rights reserved.
Slide 2: Private Securities Litigation Reform Act of 1995
Private Securities Litigation Reform Act of 1995 This presentation contains forward-looking statements based on Silicon Labs’ current risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs’ expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “p
Slide 3: Non-GAAP Financial Measures
Non-GAAP Financial Measures In addition to the GAAP results provided throughout this presentation, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non- cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconci
Slide 4: The Leading Innovator in Low-Power Connectivity
FOUNDED IN 1996 Quarterly Revenue ($M) +32% +67% Y-Y The Leading Innovator $166 $166 Y-Y $178 $192.5 in Low-Power L I S TE D S L A B $145 Connectivity $106 Q1'2024 Q2'2024 Q3'2024 Q4'2024 Q1'2025 Q2'2025 ~ 2 1 , 0 0 0 C U S TOME R S Midpoint of Guidance > 1 , 5 0 0 P A TE N T A S S E TS
Slide 5: To Be Undisputed Leader in Embedded Wireless
O U R V I S I O N To Be Undisputed Leader in Embedded Wireless 5 ©Silicon Labs Inc. All rights reserved.
Slide 6: Our Market
Broad market IoT adoption is accelerating: Our Barriers to adoption reduced Industry initiatives Market Artificial Intelligence >10 Billion devices per year by 2035 6 ©Silicon Labs Inc. All rights reserved.
Slide 7: Revenue Q1 2025
Revenue Q1 2025 Revenue $82M Home & Life Q1 2025 $178M Q4 2024 $166M 7% Q-Q Growth ▪ Revenue of $178 million increased 7% q/q $96M ▪ Home & Life increased 5% q/q Industrial & ▪ Industrial & Commercial increased Commercial 8% q/q 7 ©Silicon Labs Inc. All rights reserved.
Slide 8: Home & Life
Home & Life Home & Life ($M) Q1 2025 $82 Q4 2024 $78 Q3 2024 $70 Q2 2024 $57 Q1 2024 $41 99% Y-Y Growth in Q1’25 8 ©Silicon Labs Inc. All rights reserved.
Slide 9: Industrial & Commercial
Industrial & Commercial Industrial & Commercial ($M) Q1 2025 $96 Q4 2024 $89 Q3 2024 $96 Q2 2024 $88 Q1 2024 $65 47% Y-Y Growth in Q1’25 9 ©Silicon Labs Inc. All rights reserved.
Slide 10: Gross Margin Q1 2025
Gross Margin Q1 2025 ▪ GAAP gross margin improved to 55.0% in Q1, up from 54.3% in Q4 ▪ Non-GAAP gross margin improved to 55.4% in Q1, up from 54.6% in Q4 GAAP Q4 2024 54.3% Q1 2025 55.0% Non-GAAP1 Q4 2024 54.6% 1 These items are non-GAAP and exclude stock compensation expense, Q1 2025 55.4% amortiz
Slide 11: Earnings Per Share Q1 2025
Earnings Per Share Q1 2025 ▪ GAAP loss per share was $(0.94) in Q1 compared to $(0.73) in Q4 ▪ Non-GAAP loss per share improved by 27% to $(0.08) in Q1 from $(0.11) in Q4 GAAP ($0.73) ($0.94) Q4 2024 Q1 2025 Non-GAAP1 ($0.11) ($0.08) 1 These items are non-GAAP and exclude stock compensation expense,
Slide 12: Q1 2025 Balance Sheet Highlights
Q1 2025 Balance Sheet Highlights Days of inventory on hand improved to 94 days in Q1’25 from ($ in Millions) Q4 2024 Q1 2025 Q/Q 125 days in the prior quarter; and down from 407 days in Cash, Cash Equivalents & STI* $382 $425 $43 Q4’23 Accounts Receivable $54 $52 $(2) Net Inventory $106** $83** $(22
Slide 13: Q2 2025 Outlook
Q2 2025 Outlook Q2 2025 Revenue $185-$200 million Gross Margin1 55%-57% (Non-GAAP) Operating Expenses1 $106-$108 million (Non-GAAP) Earnings Per Share1 $(0.01)-$0.19 (Non-GAAP) 1 These items are non-GAAP and exclude stock compensation expense, amortization of intangible assets, and certain other adj
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures (In thousands, except per share data) Three Months Ended April 5, 2025 Non-GAAP Income Statement GAAP Percent of Stock Compensation Intangible Asset Non-GAAP Percent Items GAAP Measure Revenue Expense Amo
Slide 15: Unaudited Forward-Looking Statements Regarding Business Outlook
Unaudited Forward-Looking Statements Regarding Business Outlook Unaudited Forward-Looking Statements Regarding Business Outlook (In millions, except per share data) Three Months Ended July 5, 2025 Non-GAAP Non-GAAP Business Outlook GAAP Measure Adjustments** Measure Gross margin 55% to 57% —% 55% to
Slide 16: Our Customer Base Is Diverse, Balanced and Loyal
Our Customer Base Is Diverse, Balanced and Loyal 2024 Customers 2024 Region Long tail Largest customer is Largest Region <10% 36% ~125 $1M ~15% customers China EMEA APAC AMER 16 ©Silicon Labs Inc. All rights reserved.
Slide 17: Market Selection Allows for Above Industry Growth Opportunity
Market Selection Allows for Above Industry Growth Opportunity 10-15% CAGR : IoT Market Growth Rate • SLAB history of outperformance (high-end of the market range) • Multi-year track record of Share Gains 5-10% Incremental CAGR : Silicon Labs Specific • $10B* in design wins captured, now converting t
Slide 18: Deep Customer Relationships & Commitment to Innovation
Deep Customer Relationships & Commitment to Innovation 2024 Greater Austin Sustainability 2024 IoT Evolution Product Embedded World 2025 Business Award Winner of the Year Award Best in Show Received a Prime ISS ESG Corporate Technology & Innovation Rating and ranked in the top 1% of ~73K MG26 SoC fo
Slide 19: Thank you
€S-» SILICON LABS Thank you eae ss