Silicon Labs Reports First Quarter 2025 Results

Silicon Labs, a leading innovator in low-power wireless connectivity, has released its financial results for the first quarter of 2025, ending April 5, 2025. The company reported strong sequential and year-over-year revenue growth, driven by design wins across multiple end markets.

Financial Highlights

For the first quarter of 2025, Silicon Labs reported:

• Revenue of $178 million, a significant increase from $106.4 million in the same period last year.
• GAAP gross margin of 55.0% and a non-GAAP gross margin of 55.4%.
• GAAP operating loss of $32 million, compared to a loss of $59.1 million in the previous year.
• GAAP diluted loss per share of $(0.94), an improvement from $(1.77) in the same quarter last year.
• Non-GAAP operating loss of $7 million and non-GAAP diluted loss per share of $(0.08).

Business and Operational Highlights

Silicon Labs achieved several milestones in the first quarter of 2025:

• Launched the first device in its next-generation Series 3 platform on 22nm process technology, which is now ramping into production.
• Introduced the Series 2 BG29 family of Bluetooth Low Energy (LE) SoCs, designed for high-performance applications like wearable medical devices and smart sensors.
• Released the BG22L and BG24L SoCs for Bluetooth LE, optimized for asset tracking tags and small appliances.
• Announced the general availability of the MG26 family of wireless SoCs, featuring advanced AI/ML processing and best-in-class security for Matter applications.

Strategic Initiatives and Corporate Developments

Silicon Labs continues to focus on innovation and market expansion. The company is ramping up production of its Series 3 platform and expanding its product portfolio with new Bluetooth LE and Matter solutions. These initiatives are expected to drive future growth and strengthen its market position.

Management's Perspective

Matt Johnson, President and CEO of Silicon Labs, commented on the results: "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. Despite macroeconomic uncertainty and shifting trade dynamics, we remain confident in Silicon Labs’ ability to outperform the market given our leadership position in secular high-growth applications and consistent share gains."

Future Outlook

For the second quarter of 2025, Silicon Labs expects:

• Revenue between $185 million to $200 million.
• GAAP gross margin between 55% to 57%.
• GAAP operating expenses of approximately $129 million to $131 million.
• GAAP diluted loss per share between $(0.55) to $(0.95).
• Non-GAAP gross margin between 55% to 57%.
• Non-GAAP operating expenses of approximately $106 million to $108 million.
• Non-GAAP diluted earnings (loss) per share between $(0.01) to $0.19.

SEC Filing: SILICON LABORATORIES INC. [ SLAB ] - 8-K - May. 13, 2025