Published on 7 Feb 2024 on GuruFocus.com via Yahoo Finance
Silicon Laboratories Inc (SLAB) Surpasses Q4 Expectations, Aims for Growth Amid Market Volatility
Revenue: Q4 revenue reached $86.8 million, with a full-year total of $782.3 million.Net Income: Q4 saw a net loss of $69.8 million, contributing to a yearly net loss of $34.5 million.Gross Margin: Achieved a gross margin of 50.6% on a GAAP basis and 50.9% on a non-GAAP basis for Q4.Operating Expenses: Q4 operating expenses totaled $117.0 million on a GAAP basis and $91.0 million on a non-GAAP basis.Balance Sheet: Ended the year with $227.5 million in cash and cash equivalents and $211.7 million in short-term investments.Q1 Outlook: Anticipates revenue between $100 to $110 million with a non-GAAP gross margin of 52%.
Warning! GuruFocus has detected 4 Warning Signs with SLAB.
On February 7, 2024, Silicon Laboratories Inc (NASDAQ:SLAB) released its 8-K filing, announcing financial results for the fourth quarter of 2023. Despite a challenging market environment marked by inventory corrections, SLAB delivered results that exceeded expectations. The company's President and CEO, Matt Johnson, expressed confidence in the company's ability to return to sequential revenue growth in the upcoming quarter.