SILICON LABORATORIES Reports Second Quarter Earnings for FY2023 on July 26th
August 26, 2023
🌥️Earnings Overview
On July 26 2023, SILICON LABORATORIES ($NASDAQ:SLAB) announced their earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue was reported as USD 244.9 million, which was 6.9% lower than the same period in the previous fiscal year. Net income was USD 11.0 million, a decrease of 50.5% from the year prior.
Price History
The stock opened the day at $148.0, but ended the day at $144.4, representing a drop of 9.0% from its previous closing price of $158.7. This decrease in stock value is a reflection of the company’s performance over the course of the quarter. SILICON LABORATORIES‘ earnings and outlook for the upcoming quarters has raised some concerns amongst investors, as the company posted a decrease in sales and profits for the quarter. It is likely that this decrease is a result of the current global economic climate, but it remains to be seen if SILICON LABORATORIES will be able to recover from this financial setback. In light of the earnings report, investors are now closely monitoring SILICON LABORATORIES to determine if it is worth investing in.
Analysts have been divided on their assessment, citing both positive and negative aspects of the report. It is yet to be seen if SILICON LABORATORIES will be able to post better results in the upcoming quarters and regain investor confidence. Live Quote…
About the Company
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% |
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 |
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 |
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% |
Analysis
At GoodWhale, we recently performed an analysis of SILICON LABORATORIES‘s wellbeing. Our Risk Rating indicated that SILICON LABORATORIES is a medium risk investment both financially and from a business perspective. We identified one risk warning in SILICON LABORATORIES’s balance sheet. As a registered user, you can access more detailed information about this risk warning. We believe it is important to be aware of potential risks when investing in an organization, and therefore encourage you to take advantage of this information and make an informed decision. More…
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 earnings results for the second quarter of FY2023 on July 26 2023, with total revenue of USD 244.9 million and net income of USD 11.0 million. The company experienced a 6.9% decrease in revenue and a 50.5% decrease in net income year-over-year. This had an immediate impact on the stock price, which declined the same day.
Given the overall decrease in revenue and net income, investors should proceed with caution when considering any investments in SILICON LABORATORIES. It is important to analyze the long-term trends, costs, and performance of the company before investing in order to make informed decisions.
Related Posts
Recent Posts
