Silicon Laboratories Third Quarter 2024 Earnings: EPS Beats Expectations

Silicon Laboratories (NASDAQ:SLAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$166.4m (down 18% from 3Q 2023).
• Net loss: US$28.5m (down by 376% from US$10.3m profit in 3Q 2023).
• US$0.88 loss per share (down from US$0.33 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Silicon Laboratories EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 11% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for Silicon Laboratories that we have uncovered.

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