Original source text
New R&D facility expands wireless innovation, engineering collaboration, and advanced testing capabilities
, /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leader in low-power wireless connectivity, today celebrated the opening of its new research and development (R&D) laboratory for advanced chip design and testing in Austin. The new R&D laboratory, made possible in part through a $23 million grant from the Texas Semiconductor Innovation Fund (TSIF) established by the Texas CHIPS Act, was officially opened during a ribbon-cutting ceremony attended by Silicon Labs senior leaders and employees alongside representatives from the State of Texas.
News at a Glance
R&D Lab ribbon-cutting at Silicon Labs’ Austin HQ. From left: Nestor Ho, Chief Legal Officer; Nelda Hunter, HillCo Partners; Cameron Cocke, Committee Director, Texas House Appropriations Committee (Chairman, Greg Bonnen, M.D.); Stephen Davis, Director for Economic Development & Tourism, Texas CHIPS Office in the Office of Governor Greg Abbott; Daniel Cooley, Senior Vice President and Chief Technology Officer; Brian Peterman, Assistant General Counsel; Jacey Zuniga, Director of Communications.
The new R&D lab at Silicon Labs. What: Silicon Labs has opened a new R&D laboratory at its Austin headquarters, featuring advanced research, testing and validation equipment and engineering workspace for advanced chip design and testing. Why it matters: The new facility expands Silicon Labs' R&D capabilities, accelerates wireless semiconductor innovation, and supports the development of next-generation IoT technologies. Texas partnership: The expansion was funded in part through a $23 million grant from the Texas Semiconductor Innovation Fund (TSIF) established by the Texas CHIPS Act. Milestone: Silicon Labs celebrated the facility's opening with a ribbon-cutting ceremony attended by company leaders, employees, and representatives from the State of Texas. "Our new Austin Innovation Center represents an important milestone in the partnership between the State of Texas and Silicon Labs to advance semiconductor innovation and reinforce Texas as the most attractive destination for semiconductor research, design, and development," said Matt Johnson, President and Chief Executive Officer of Silicon Labs. "This new space expands our ability to develop the next generation of wireless technologies that will further extend our leadership and the great impact this technology brings to the way we live and work."
Enabling the Next Generation of Wireless Technologies
The new R&D laboratory expands Silicon Labs' ability to develop, test, and validate the next generation of secure, intelligent wireless technologies that power the Internet of Things.
The facility supports continued innovation across Silicon Labs' wireless portfolio, including the company's Series 3 platform, which delivers advanced security, AI capabilities, and wireless connectivity for smart home, industrial, healthcare, commercial, and smart city applications. The TSIF funding allowed Silicon Labs to upgrade its equipment to work with more advanced wafer process technology nodes, and the expanded lab will enable engineers to accelerate product development, validate new technologies more efficiently, and collaborate across disciplines to bring innovations to market faster.
As demand for intelligent, connected devices continues to grow, the new facility positions Silicon Labs to continue advancing the wireless technologies that help make everyday products smarter, more secure, and more energy-efficient while keeping cutting-edge semiconductor research and development in Texas.
Strengthening Texas' Innovation Ecosystem
The Texas Semiconductor Innovation Fund was established to strengthen domestic semiconductor leadership by supporting strategic research and development investments, reducing barriers to innovation, and addressing increasing global competition in the semiconductor industry.
As one of the world's largest companies dedicated exclusively to wireless IoT connectivity, Silicon Labs is helping advance the U.S. semiconductor industry through its leadership in wireless chip design. Investments in fabless semiconductor innovators like Silicon Labs strengthen Texas' position as a global center for semiconductor research, engineering, and technology development while fostering high-value jobs and long-term economic growth.
Celebrating a Milestone for Austin and Texas
The ribbon-cutting ceremony officially opened the Innovation Center and celebrated the continued partnership between Silicon Labs and the State of Texas to advance semiconductor innovation, strengthen domestic technology leadership, and drive long-term economic growth.
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.
SOURCE Silicon Labs
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Original source text
Silicon Laboratories (SLAB - Free Report) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.97%. A quarter ago, it was expected that this chipmaker would post earnings of $0.49 per share when it actually produced earnings of $0.53, delivering a surprise of +8.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Silicon Labs, which belongs to the Zacks Semiconductor - Analog and Mixed industry, posted revenues of $228.19 million for the quarter ended June 2026, missing the Zacks Consensus Estimate by 1.26%. This compares to year-ago revenues of $192.85 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Silicon Labs shares have added about 67.1% since the beginning of the year versus the S&P 500's gain of 13.3%.
What's Next for Silicon Labs?While Silicon Labs has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Silicon Labs was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.83 on $242.19 million in revenues for the coming quarter and $2.75 on $931.39 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor - Analog and Mixed is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Analog Devices (ADI - Free Report) , is yet to report results for the quarter ended July 2026. The results are expected to be released on August 19.
This semiconductor maker is expected to post quarterly earnings of $3.33 per share in its upcoming report, which represents a year-over-year change of +62.4%. The consensus EPS estimate for the quarter has been revised 1.8% higher over the last 30 days to the current level.
Analog Devices' revenues are expected to be $3.92 billion, up 36.3% from the year-ago quarter.
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Original source text
Wireless IoT leader delivers $228 million in revenue and strong earnings growth
, /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the second quarter, which ended July 4, 2026.
"We delivered revenue of $228 million, continuing our strong sequential and year-over-year growth - a testament to the execution and dedication of the Silicon Labs team," said Matt Johnson, President and Chief Executive Officer. "Overall profitability improved meaningfully in the quarter, demonstrating the operating leverage inherent in our model. Gross margin was nearly 62%, reflecting the value customers place on our industry-leading solutions."
Second Quarter Financial Highlights
Revenue was $228 million, up 18% year-over-year Industrial & Commercial revenue was $135 million, up 23% year-over-year Home & Life revenue was $93 million, up 12% year-over-year Bookings and new orders accelerated, while inventory at both our distributors and end customers declined Medical achieved record revenue in the quarter, up 78% year-over-year Total opportunity funnel and design wins both materially accelerated, reinforcing our durable growth trajectory GAAP diluted loss per share was $(0.32), improving by 52% over the comparable period last year Non-GAAP diluted earnings per share was $0.71, up 545% over the comparable period last year Results on a GAAP basis:
GAAP gross margin was 61.6% GAAP operating expenses were $151 million GAAP operating loss was $11 million GAAP diluted loss per share was $(0.32) Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, merger-related costs, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:
Non-GAAP gross margin was 61.9% Non-GAAP operating expenses were $114 million Non-GAAP operating income was $27 million Non-GAAP diluted earnings per share was $0.71 Due to the announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs has suspended providing forward-looking guidance.
For more information: Silicon Labs Investor Relations, [email protected]
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding Silicon Labs' current expectations, which are based on its current views and assumptions. The words "believe", "estimate", "expect", "intend", "anticipate", "plan", "project", "will", and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements, although the absence of such words does not necessarily mean a statement is not forward looking. These forward-looking statements include, but are not limited to, Silicon Labs' expectations regarding its near- and long-term strength and durable growth trajectory and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations that are expressed or implied herein. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: our ability to complete the merger with Texas Instruments within the time frame expected, or at all, as well as potential disruptions in our business and restrictions on our activities during the pendency of the merger; fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs' business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs' distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs' products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.
Note to editors: Silicon Laboratories, Silicon Labs, the "S" symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
Silicon Laboratories Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)
Three Months Ended
Six Months Ended
July 4,
2026
July 5,
2025
July 4,
2026
July 5,
2025
Revenues
$ 228,189
$ 192,845
$ 441,689
$ 370,559
Cost of revenues
87,515
84,736
174,017
164,673
Gross profit
140,674
108,109
267,672
205,886
Operating expenses:
Research and development
95,016
87,821
183,610
176,040
Selling, general and administrative
56,324
43,155
111,810
84,793
Operating expenses
151,340
130,976
295,420
260,833
Operating loss
(10,666)
(22,867)
(27,748)
(54,947)
Other income (expense):
Interest income and other, net
2,489
3,833
6,115
7,626
Interest expense
(251)
(251)
(483)
(535)
Loss before income taxes
(8,428)
(19,285)
(22,116)
(47,856)
Provision for income taxes
2,164
2,532
4,373
4,431
Net loss
$ (10,592)
$ (21,817)
$ (26,489)
$ (52,287)
Loss per share:
Basic
$ (0.32)
$ (0.67)
$ (0.80)
$ (1.61)
Diluted
$ (0.32)
$ (0.67)
$ (0.80)
$ (1.61)
Weighted-average common shares outstanding:
Basic
33,206
32,682
33,084
32,570
Diluted
33,206
32,682
33,084
32,570
Non-GAAP Financial Measurements
In addition to the GAAP results provided throughout this document, 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 reconcile the GAAP results to non-GAAP financial measurements.
The non-GAAP financial measurements do not replace the presentation of Silicon Labs' GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs' financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.
Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands, except per share data)
Three Months Ended
July 4, 2026
Non-GAAP Income Statement Items
GAAP
Measure
GAAP
Percent of
Revenue
Stock
Compensation
Expense
Intangible
Asset
Amortization
Merger-
Related Costs
Non-GAAP
Measure
Non-GAAP
Percent of
Revenue
Revenues
$ 228,189
Gross profit
140,674
61.6 %
$ 463
$ —
$ —
$ 141,137
61.9 %
Research and development
95,016
41.6 %
12,902
2,295
3,289
76,530
33.5 %
Selling, general and administrative
56,324
24.7 %
12,284
—
6,258
37,782
16.6 %
Operating expenses
151,340
66.3 %
25,186
2,295
9,547
114,312
50.1 %
Operating income (loss)
(10,666)
(4.7 %)
25,649
2,295
9,547
26,825
11.8 %
Three Months Ended
July 4, 2026
Non-GAAP Earnings (Loss) Per Share
GAAP
Measure
Stock
Compensation
Expense*
Intangible
Asset
Amortization*
Merger-
Related Costs*
Income
Tax
Adjustments**
Non-
GAAP
Measure
Net income (loss)
$ (10,592)
$ 25,649
$ 2,295
$ 9,547
$ (3,067)
$ 23,832
Shares Excluded Due to Net Loss
Diluted shares outstanding
33,206
504
33,710
Diluted earnings (loss) per share
$ (0.32)
$ 0.71
*
Represents pre-tax amounts
**
Represents the application of an 18% non-GAAP tax rate
Silicon Laboratories Inc.
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
(Unaudited)
July 4,
2026
January 3,
2026
Assets
Current assets:
Cash and cash equivalents
$ 362,191
$ 364,222
Short-term investments
35,051
79,400
Accounts receivable, net
79,801
64,513
Inventories
123,340
95,566
Prepaid expenses and other current assets
70,840
70,316
Total current assets
671,223
674,017
Property and equipment, net
130,902
128,643
Goodwill
376,389
376,389
Other intangible assets, net
18,541
23,130
Other assets, net
56,001
67,138
Total assets
$ 1,253,056
$ 1,269,317
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable
$ 52,407
$ 50,717
Deferred revenue and returns liability
5,176
5,359
Other current liabilities
66,563
87,711
Total current liabilities
124,146
143,787
Other non-current liabilities
34,108
31,112
Total liabilities
158,254
174,899
Commitments and contingencies
Stockholders' equity:
Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued
—
—
Common stock – $0.0001 par value; 250,000 shares authorized; 33,366 and 32,955
shares issued and outstanding at July 4, 2026 and January 3, 2026, respectively
3
3
Additional paid-in capital
184,456
157,402
Retained earnings
910,325
936,814
Accumulated other comprehensive income
18
199
Total stockholders' equity
1,094,802
1,094,418
Total liabilities and stockholders' equity
$ 1,253,056
$ 1,269,317
Silicon Laboratories Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Six Months Ended
July 4,
2026
July 5,
2025
Operating Activities
Net loss
$ (26,489)
$ (52,287)
Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:
Depreciation of property and equipment
12,171
12,701
Amortization of other intangible assets
4,589
8,780
Stock-based compensation expense
46,704
39,605
Deferred income taxes
1,663
1,504
Changes in operating assets and liabilities:
Accounts receivable
(15,289)
(2,017)
Inventories
(27,734)
24,631
Prepaid expenses and other assets
(803)
5,112
Accounts payable
2,051
12,812
Other current liabilities and income taxes
(7,925)
8,377
Deferred revenue and returns liability
(183)
783
Other non-current liabilities
1,667
(6,965)
Net cash provided by (used in) operating activities
(9,578)
53,036
Investing Activities
Purchases of marketable securities
—
(32,507)
Sales of marketable securities
—
14,986
Maturities of marketable securities
44,119
17,019
Purchases of property and equipment
(22,153)
(13,549)
Proceeds from capital-related government incentives
5,272
—
Net cash provided by (used in) investing activities
27,238
(14,051)
Financing Activities
Payment of taxes withheld for vested stock awards
(27,451)
(13,752)
Proceeds from the issuance of common stock
7,760
7,619
Net cash used in financing activities
(19,691)
(6,133)
Increase (decrease) in cash and cash equivalents
(2,031)
32,852
Cash and cash equivalents at beginning of period
364,222
281,607
Cash and cash equivalents at end of period
$ 362,191
$ 314,459
SOURCE Silicon Labs
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Original source text
Bluetooth® 6 SoC combines Channel Sounding, Secure Vault™ High security, and integrated CAN-FD and peripherals to enable smaller, longer-lasting IoT devices with lower system cost
, /PRNewswire/ -- Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless connectivity, today announced the BG2B, its next Series 2Bluetooth® Low Energy (LE) wireless SoC designed to help developers build smaller, more secure, and longer-lasting battery-powered IoT devices by providing the industry's best combination of power efficiency, security, and integrations.
The new BG2B wireless SoC from Silicon Labs. As Bluetooth LE applications become more sophisticated, developers are challenged to add capabilities such as secure ranging, location awareness, advanced security, and richer peripheral integration while preserving battery life and compact designs expected of today's wireless IoT devices. BG2B addresses these demands with Silicon Labs' lowest-power Bluetooth architecture, a complete feature set for Bluetooth Channel Sounding, Secure Vault™ High security and integrated peripherals including CAN-FD, LED drivers and dual ADCs, in a single highly integrated platform.
Designed for applications including secure ranging, asset tracking, electronic shelf labels (ESLs), smart home, industrial monitoring, and vehicle diagnostics, BG2B helps developers extend battery life while preparing for more demanding Bluetooth LE applications.
"Bluetooth LE is moving beyond basic connectivity into secure ranging, proximity awareness, and location-aware experiences, while customers still need the low power, small form factor, and cost efficiency that made Bluetooth the foundation of battery-powered IoT," said Daniel Cooley, SVP and CTO, Silicon Labs. "BG2B brings these requirements together in a single platform, combining our lowest-power Bluetooth LE architecture to date with advanced Channel Sounding, Secure Vault™ High security, and integrated peripherals that help customers build more capable, connected products with fewer external components."
A New Standard for Ultra-Low-Power Bluetooth
Battery life remains one of the biggest challenges for battery-powered IoT devices as products continue adding more sensing, intelligence, and wireless capabilities. BG2B features a dual-output DC-DC power architecture and multi-core design that significantly improves efficiency across active, receive, and sleep modes.
BG2B is the lowest-power Bluetooth LE device in Silicon Labs' portfolio, delivering 14%-15% lower MCU active current, lower Bluetooth receive current, and 1.1 µA EM2 sleep current with RAM retention as compared to the Silicon Labs' previous lowest power Bluetooth LE SoC, enabling longer battery life for sleepy products such as wireless sensors, asset tags, smart locks, remotes, wearables, and electronic shelf labels.
Enhanced Channel Sounding with Expanded Peripherals
For developers building location-aware products today, BG2B supports advanced Bluetooth Channel Sounding capabilities including Mode 3, Normalized Attack Detector Metric (NADM), and Inline Phase Correction Term (Inline PCT). Designed to meet Apple and Google Bluetooth Channel Sounding specifications, BG2B helps developers build interoperable products across the industry's leading mobile ecosystems, supported by Silicon Labs' complete Channel Sounding development solution, including a royalty-free ranging library, software, tools, and engineering support.
Building on previous Silicon Labs Channel Sounding solutions, BG2B delivers even lower energy per ranging event through shorter Channel Sounding step timings, lower active current, and lower Bluetooth LE receive current.
In addition, BG2B integrates a broad set of peripherals that simplify system design while reducing BOM cost and PCB area.
The SoC combines Bluetooth LE with integrated CAN-FD, enabling wireless diagnostics and monitoring for commercial vehicles, fleet management, industrial equipment, and maintenance applications without requiring a separate Bluetooth bridge device.
Integrated LED boost and four-channel LED sink capabilities eliminate external LED driver circuitry, making BG2B well suited for electronic shelf labels, smart retail devices, and battery-powered products requiring RGBW LED for status indication.
Additional integrated capabilities include dual 12-bit ADCs for simultaneous analog sampling, Variable Resistive Load (VRL) for more accurate battery health estimation, to go along with expanded memory and a broad set of communication peripherals helping developers build more capable IoT devices while reducing external components.
Built for Tomorrow's Security Requirements
As connected devices face increasingly stringent cybersecurity requirements, BG2B incorporates Silicon Labs' Secure Vault™ technology to protect device identity, firmware, cryptographic keys, and sensitive data.
Designed to support PSA Level 3 compliance, BG2B helps manufacturers prepare for evolving security requirements such as the European Union Cyber Resilience Act. Combined with Silicon Labs' Custom Part Manufacturing Service (CPMS), developers can securely provision devices with unique identities, certificates, and cryptographic credentials during manufacturing.
Availability
BG2B SoCs are currently available through an early customer engagement program. Initial production hardware, including modules, are planned for 2027.
For more information about BG2B, read the post on the Silicon Labs blog.
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world's most highly integrated SoCs, Silicon Labs provides device makers with the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in smart home, industrial IoT, and smart cities markets. Learn more at https://www.silabs.com.
SOURCE Silicon Labs
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