- Silicon Labs (SLAB, Financial) reported Q1 2025 revenue of $178 million, with significant growth in both Industrial & Commercial and Home & Life segments.
- Despite losses, the company launched new products including Series 3 platform and Bluetooth LE SoCs, targeting high-growth IoT applications.
- Silicon Labs projects Q2 2025 revenue between $185-$200 million, indicating potential non-GAAP profitability improvement.
Silicon Labs (SLAB), a leading innovator in low-power wireless technology, reported its financial results for the first quarter of 2025. The company achieved total revenue of $178 million, with the Industrial & Commercial division contributing $96 million, representing a 47% year-over-year increase. The Home & Life segment also saw remarkable growth, with revenue at $82 million, up by 99% from the previous year.
Despite the impressive revenue growth, Silicon Labs posted a GAAP operating loss of $32 million and a diluted loss per share of $(0.94). On a non-GAAP basis, excluding certain expenses, the company recorded an operating loss of $7 million and a diluted loss per share of $(0.08).
The company announced significant advancements in its product portfolio, including the production ramp-up of its next-generation Series 3 platform on 22nm process technology and the launch of new Bluetooth Low Energy (LE) SoCs. These include the BG29 family, designed for high-demand applications such as wearable medical devices and asset tracking, as well as the BG22L and BG24L SoCs optimized for asset tracking tags and small appliances. Additionally, the MG26 family of wireless SoCs has been introduced, supporting the Matter protocol for smart home applications.
Looking ahead to the second quarter of 2025, Silicon Labs projects revenues between $185 million and $200 million, suggesting sequential growth of 4-12%. The company anticipates non-GAAP earnings per share to range from $(0.01) to $0.19, highlighting potential operational leverage improvements. However, GAAP profitability remains a challenge, with expected losses per share between $(0.55) and $(0.95).
