Silicon Laboratories Inc. (SLAB) Q4 2024 Earnings Call Transcript
Silicon Laboratories Inc. (NASDAQ:SLAB ) Q4 2024 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Giovanni Pacelli - Senior Director, Finance Matt Johnson - President and CEO Dean Butler - Chief Financial Officer Conference Call Participants Quinn Bolton - Needham & Company Christopher Rolland - Susquehanna Tore Svanberg - Stifel Cody Acree - Benchmark Company LLC Srini Pajjuri - Raymond James Thomas O'Malley - Barclays Operator Hello, my name is Gigi [ph], and I'll be your conference operator today. Welcome to Silicon Labs's Fourth Quarter Fiscal 2024 Earnings Call.
Silicon Laboratories (SLAB) Reports Q4 Loss, Tops Revenue Estimates
Silicon Laboratories (SLAB) came out with a quarterly loss of $0.11 per share in line with the Zacks Consensus Estimate. This compares to loss of $1.19 per share a year ago.
Silicon Laboratories: The Timing To Growth Inflection Is Within Sight
I recommend a buy rating for Silicon Laboratories stock due to expected strong y/y revenue growth starting in FY25, driven by AI advancements and data center investments. SLAB's efficient wireless SoCs and AI integration position it to benefit from the growing AI market. Despite recent sequential revenue growth, the market hasn't fully priced in SLAB's potential.
Silicon Labs price target raised to $145 from $135 at Stifel
Stifel raised the firm's price target on Silicon Labs to $145 from $135 and keeps a Buy rating on the shares. In the Analog, Connectivity, and Processors sector, the firm lists Silicon Labs as one of the companies with considerable resets, but strong secular growth, the analyst tells investors.
A Slower, More Stretched-Out Recovery Has Weighed On Silicon Labs
Silicon Labs has underperformed the S&P 500 but fared better than many semiconductor peers, despite weak demand in major end-markets. Q3'24 results were in line with expectations, showing a double-digit year-over-year revenue decline but sequential improvement. Long-term growth opportunities in IoT markets like smart home, retail, smart metering, and glucose monitoring remain meaningful, despite current demand challenges and though guidance for Q4'24 remains soft.
Silicon Laboratories Inc. (SLAB) Q3 2024 Earnings Call Transcript
Silicon Laboratories Inc. (NASDAQ:SLAB ) Q3 2024 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Giovanni Pacelli - Senior Director, Finance Matt Johnson - President and CEO Dean Butler - Chief Financial Officer Conference Call Participants Srini Pajjuri - Raymond Nick Doyle - Needham Cody Acree - The Benchmark Company Peter Peng - JP Morgan Operator My name is Michelle, and I will be your conference operator today. Welcome to the Silicon Labs Third Quarter Fiscal 2024 Earnings Call.
Silicon Laboratories (SLAB) Reports Q3 Loss, Tops Revenue Estimates
Silicon Laboratories (SLAB) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to earnings of $0.62 per share a year ago.
Silicon Laboratories: A Questionable Outlook Offsets Improving Results
Silicon Laboratories has recouped some of the losses for the year, with the stock moving higher, but there are a few reasons why further stock gains may have to wait. The excess inventory problem is getting better with the quarterly numbers rebounding, but the outlook beyond is nonetheless hazy. A continued rally in the stock requires strong growth, but it is unclear what demand and thus growth will be like without excess inventory.
Silicon Laboratories: Equity Story Remains Very Attractive
SLAB recommended as a buy with visible recovery growth and margin expansion potential. Positive earnings report with strong sequential revenue growth and margin expansion. Growth catalyst that could potentially drive higher growth is the AI/ML opportunities.
Silicon Laboratories Inc. (SLAB) Q2 2024 Earnings Call Transcript
Silicon Laboratories Inc. (NASDAQ:SLAB ) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Giovanni Pacelli - Senior Director, Finance Matt Johnson - President and CEO Dean Butler - Chief Financial Officer Conference Call Participants Matt Ramsay - TD Cowen Thomas O'Malley - Barclays Quinn Bolton - Needham Srini Pajjuri - Raymond Kyle Smith - Stifel Cody Acree - The Benchmark Company Peter Peng - JP Morgan Operator Hello. My name is Tanya, and I'll be your conference operator today.
Silicon Laboratories (SLAB) Reports Q2 Loss, Tops Revenue Estimates
Silicon Laboratories (SLAB) came out with a quarterly loss of $0.56 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to earnings of $1.04 per share a year ago.
Silicon Labs Ready For The Next IoT-Fueled Run
After a 70% peak-to-trough revenue decline, Silicon Labs is stabilizing, with promising prospects in Bluetooth and WiFi markets and AI edge deployments ready to drive the next up-cycle. Following sequential growth in Q1'24, SLAB should deliver 30%-plus sequential growth in Q2'24, driven by consumer/home market restocking and new wins, including glucose monitoring. Silicon Labs' new Series 3 chips, with significantly greater compute capacity over Series 2, position the company well for industrial AI edge installations, enhancing its competitiveness in the IoT sector.
