SILICON LABORATORIES Reports Q2 FY2023 Earnings Results on July 26th

August 28, 2023

🌥️Earnings Overview

On July 26 2023, SILICON LABORATORIES ($NASDAQ:SLAB) released their financial results for Q2 of the FY2023, ending June 30 2023. Total revenue was USD 244.9 million, a 6.9% decrease from the same quarter in the previous year, while net income decreased by 50.5%, amounting to USD 11.0 million.

Price History

On Wednesday, July 26th, SILICON LABORATORIES, a leader in high-performance, low-power microcontroller and wireless solutions, reported its second quarter of fiscal year 2023 financial results. The company’s stock opened at $148.0 and closed at $144.4, representing a drop of 9.0% from its prior closing price of 158.7. Operating expenses declined by 4% compared to the same period last year.

SILICON LABORATORIES’ earnings report marks a solid quarter of progress and growth for the company. With its strong financial performance and continued focus on innovation, the company is well-positioned for future success. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Silicon Laboratories. More…

    Total Revenues Net Income Net Margin
    1.02k 71.28 7.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Silicon Laboratories. More…

    Operations Investing Financing
    11.54 684.57 -966.14
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Silicon Laboratories. More…

    Total Assets Total Liabilities Book Value Per Share
    1.52k 259.9 38.24
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Silicon Laboratories are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    5.6% 23.7% 11.1%
    FCF Margin ROE ROA
    -1.6% 5.3% 4.6%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has conducted an analysis of the financials of SILICON LABORATORIES. According to our Star Chart, SILICON LABORATORIES is classified as a ‘gorilla’. This type of company is renowned for achieving stable and high revenue or earning growth due to its strong competitive advantage. For this reason, we believe that SILICON LABORATORIES would be an attractive option for investors seeking long-term growth. Furthermore, SILICON LABORATORIES has a high health score of 9/10 with regards to its cashflows and debt, indicating that it is capable of paying off debt and funding future operations. Moreover, SILICON LABORATORIES is strong in asset, profitability, and it is medium in growth; however, it is weak in dividend. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The company’s competitors include NXP Semiconductors NV, Synaptics Inc, and Qualcomm Inc.

    – NXP Semiconductors NV ($NASDAQ:NXPI)

    NXP Semiconductors NV, a Dutch company, is a leading semiconductor manufacturer with a market cap of 38.06B as of 2022. The company’s ROE is 41.87%. NXP Semiconductors NV designs, manufactures and markets a broad range of semiconductor products, including microcontrollers, digital signal processors, memories, RF power amplifiers and mixed-signal integrated circuits.

    – Synaptics Inc ($NASDAQ:SYNA)

    Synaptics Inc is a publicly traded company that designs, develops and markets human interface solutions. The company’s products are used in mobile phones, PCs, and other electronic devices. Synaptics’ human interface solutions include touch controllers, display drivers, fingerprint sensors, biometrics and security solutions.

    Synaptics has a market capitalization of $3.48 billion as of 2022 and a return on equity of 18.08%. The company’s products are used in a variety of electronic devices, including mobile phones, PCs and other consumer electronics. Synaptics is a leading provider of human interface solutions that enable people to interact with electronic devices.

    – Qualcomm Inc ($NASDAQ:QCOM)

    Qualcomm Inc is an American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a market cap of 130.69B as of 2022 and a Return on Equity of 90.42%. The company was founded in 1985 and is headquartered in San Diego, California.

    Summary

    SILICON LABORATORIES reported their Q2 FY2023 earnings on July 26, 2023 with total revenue of USD 244.9 million, a 6.9% decline from the same period a year ago. Net income was USD 11.0 million, a decrease of 50.5%. The stock price moved downward on the same day.

    Investors should be aware of the company’s declining revenue and profits when considering SILICON LABORATORIES for their portfolio. At the same time, the company’s performance should be viewed in the context of the current economic environment, and further developments should be monitored to assess investment potential.

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