AUSTIN, Texas, Nov. 4, 2025 /PRNewswire/ -- Silicon Labs (NASDAQ:SLAB), the leading innovator in low-power wireless, reported financial results for the third quarter, which ended October 4, 2025.
"The Silicon Labs team delivered sequential and year-over-year growth in sales and profitability driven by strong execution across our business," said Matt Johnson, President and Chief Executive Officer at Silicon Labs. "Looking ahead, we remain focused on supporting new customer ramps, maintaining operational discipline, and driving continued earnings growth."
Third Quarter Financial Highlights
Revenue was $206 million
Industrial & Commercial revenue for the quarter was $118 million, up 22% year-over-year
Home & Life revenue for the quarter was $88 million, up 26% year-over-year
Results on a GAAP basis:
GAAP gross margin was 57.8%
GAAP operating expenses were $131 million
GAAP operating loss was $12 million
GAAP diluted loss per share was $(0.30)
Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:
Non-GAAP gross margin was 58.0%
Non-GAAP operating expenses were $109 million
Non-GAAP operating income was $11 million
Non-GAAP diluted earnings per share was $0.32
Business Highlights
Announced the expansion of its strategic partnership with GlobalFoundries (GF) to advance next-generation, energy-efficient wireless technologies and scale U.S.-based semiconductor manufacturing. This first-of-its-kind collaboration introduces new process technology to a U.S. foundry aimed at accelerating the production of high-performance wireless solutions manufactured at GF's advanced facility in Malta, New York, reinforcing U.S. semiconductor resilience.
Announced the launch of the Simplicity Platform, a next-generation suite of software tools with AI augmentation to transform the speed of development for embedded IoT systems. Anchored by the release of Simplicity Studio 6 and the announced Simplicity AI SDK - Agentic AI for developers - the platform unifies installation, configuration, debugging, and analysis into an intelligent, developer-first environment bringing automation and insight to every stage of product creation.
Hosted the 6th annual Works With developer conference series in Austin, Texas, Shenzhen, China, and Bangalore, India, bringing together business leaders, engineers, and ecosystem partners driving today's emerging trends in wireless connectivity, security, Matter, and the role of AI in IoT. Works With continues this fall with a global virtual conference.
Business Outlook
The company expects fourth-quarter revenue to be between $200 to $215 million. The company also estimates the following results:
On a GAAP basis:
GAAP gross margin to be between 62% to 64%
GAAP operating expenses of approximately $134 million to $136 million
GAAP diluted earnings (loss) per share between $(0.22) to $0.08
On a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, and certain other items as set forth in the reconciliation tables:
Non-GAAP gross margin to be between 62% to 64%
Non-GAAP operating expenses of approximately $110 million to $112 million
Non-GAAP diluted earnings per share between $0.40 to $0.70
Earnings Webcast and Conference Call
Silicon Labs will host an earnings conference call to discuss the quarterly results and answer questions at 7:30 am CDT today. An audio webcast will be available on Silicon Labs' website (www.silabs.com) under Investor Relations. In addition, the company will post an audio recording of the event at investor.silabs.com and make a replay available through December 4, 2025.
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 based on Silicon Labs' current expectations. 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. These forward-looking statements reflect the current views and assumptions of Silicon Labs and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; 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
Nine Months Ended
October 4,2025
September 28,2024
October 4,2025
September 28,2024
Revenues
$ 205,999
$ 166,395
$ 576,558
$ 418,137
Cost of revenues
86,980
76,082
251,653
196,172
Gross profit
119,019
90,313
324,905
221,965
Operating expenses:
Research and development
87,685
83,228
263,725
249,787
Selling, general and administrative
43,676
36,793
128,469
109,041
Operating expenses
131,361
120,021
392,194
358,828
Operating loss
(12,342)
(29,708)
(67,289)
(136,863)
Other income (expense):
Interest income and other, net
3,046
3,487
10,672
9,009
Interest expense
(226)
(278)
(761)
(1,050)
Loss before income taxes
(9,522)
(26,499)
(57,378)
(128,904)
Provision for income taxes
414
2,005
4,845
38,283
Net loss
$ (9,936)
$ (28,504)
$ (62,223)
$ (167,187)
Loss per share:
