SiLabs Q4 2023 results

29 February 2024 News

Silicon Labs has reported financial results for the fourth quarter, which ended 30 December 2023. Financial highlights for Q4 2023 included a total revenue of $87 million for this period, with its Industrial and Commercial sector accounting for $60 million of that, and its Home and Life division making up the balance.

Results on a GAAP basis indicated a gross margin for this period to be 50,6%. R&D; expenses amounted to $83 million, while SG&A; expenses were $34 million. A reported operating loss of $73 million resulted in a diluted loss per share of $2,19.

“Though the market environment remains volatile, with inventory corrections continuing across our end markets, we delivered top and bottom-line results ahead of expectations,” said Matt Johnson, president and chief executive officer at Silicon Labs. “We expect to return to sequential revenue growth, beginning in the first quarter, as our customers destock their inventories, design wins continue ramping to production, and bookings trends improve.”

Further reading:

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

Webinar – How to develop intelligence edge IoT devices
News
Join Quectel’s expert-led webinar, with a speaker from Qualcomm Technologies, to learn more about how to plan, test and deploy successful IoT devices drawing on the unique advantages of intelligence at the edge.

Read more...

---

SAIMC training at AATF 2025
News
The SAIMC will deliver a powerful series of training sessions and technical workshops during AATF 2025, providing engineers, technologists, and technicians with the tools they need to professionally register, stay compliant, and lead industrial innovation.

Read more...

---

Webinar – Discover the ST BrightSense ecosystem
News
This webinar is for camera systems developers who need effective, ready-to-use solutions to keep pace with edge AI vision technologies and the rise of new applications spanning factory automation, robotics and drones, healthcare, traffic and security, sports and entertainment, and personal electronics.

Read more...

---

Altron celebrates 60th birthday with a call to rebuild Johannesburg
Altron Arrow News
Altron is celebrating its 60th birthday by honouring Johannesburg’s heritage and encouraging business, government and civil society to come together and respond to our President’s call to rebuild Johannesburg.

Read more...

---

Electronic News Digest
News
A brief synopsis of current global news relating to the electronic engineering fields with regards to company finances, general company news, and engineering technologies.

Read more...

---

Jemstech to produce PCB assemblies for Kamstrup
Jemstech News
Jemstech is pleased to announce that they have successfully concluded a supplier agreement with Kamstrup A/S in Denmark, a leading supplier of intelligent metering solutions in the global market.

Read more...

---

New appointments at Hiconnex
Hiconnex News
Hiconnex, a leading provider of electronic components and solutions, has announced key appointments to support its continued growth and commitments to its clients.

Read more...

---

FoundriesFactory service more affordable for smaller OEMs
News
Foundries.io has announced a new, tiered pricing scheme which reduces the cost of its highly regarded FoundriesFactory service for OEMs in the development phase of a new edge AI or Linux OS-based product.

Read more...

---

DMASS 2024 results
News
The semiconductor business faced a severe downturn, with a 31,9% decrease compared to 2023 and a 30,3% drop in Q4 2024 compared to the same period last year.

Read more...

---