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AUSTIN, Texas - Silicon Labs (NASDAQ:SLAB) reported first-quarter results that exceeded analyst expectations on Tuesday.
The company’s shares were up 1.97% in pre-market trading following the release.
The wireless IoT leader posted revenue of $178 million for the quarter ended April 5, 2025, surpassing the consensus estimate of $175.7 million. This represents a 67% increase YoY from $106.4 million in the same quarter last year.
The company reported an adjusted loss per share of -$0.08, beating analyst projections for a loss of -$0.09 per share.
"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 CEO of Silicon Labs.
Industrial & Commercial revenue grew 47% YoY to $96 million, while Home & Life revenue nearly doubled, jumping 99% to $82 million compared to the prior year period.
For the second quarter, Silicon Labs forecasts revenue between $185 million to $200 million, bracketing the $187.9 million analyst consensus. The company expects adjusted earnings per share in the range of -$0.01 to $0.19, compared to the $0.03 analyst estimate.
Despite the positive results, Johnson noted "macroeconomic uncertainty and shifting trade dynamics" but expressed confidence in the company’s ability to outperform the market given its leadership in high-growth applications.
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