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Silicon Laboratories Inc., a fabless semiconductor company, provides mixed-signal analog intensive products in the United States, China, Taiwan, and internationally. Its products are used in various electronic products in a range of applications for the industrial Internet of Things (IoT), including connected home and security, industrial automation and control, smart metering and agriculture, smart street lighting, renewable energy, electric vehicle supply equipment, industrial wearables and equipment, commercial building automation, consumer electronics, asset tracking, and medical instrumentation; and commercial IoT applications, including smart buildings and lighting, access controls, asset tracking, electronic shelf labels, theft protection, power tools, and enterprise access points. The company's smart home applications comprise smart home cameras, locks, gateways, residential lighting, window shades/blinds, heating, ventilation, air conditioning, switches, smoke/CO detectors, sensors, and home security panels; and connected health applications, including diabetes management, consumer health and fitness, elderly care, patient monitoring, and activity tracking, as well as provides wireless microcontrollers products. It sells its products through its direct sales force, as well as a network of independent sales representatives and distributors. The company was founded in 1996 and is headquartered in Austin, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $785M | $-19M | $-65M | $66M | -5.9% | 34.3% | - |
| 2024 | $584M | $-105M | $-191M | $-26M | -17.7% | -25.3% | - |
| 2023 | $782M | $46M | $-35M | $-53M | -2.9% | -23.6% | -137.8% |
| 2022 | $1.0B | $190M | $91M | $45M | 6.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,024.11 | 782.26 | 584.39 | 784.76 |
| Cost Of Revenue | 381.55 | 321.67 | 272.20 | 327.78 |
| Gross Profit | 642.56 | 460.59 | 312.19 | 456.98 |
| Operating Expense | 523.30 | 484.74 | 477.68 | 527.52 |
| Operating Income | 119.26 | -24.15 | -165.49 | -70.54 |
| EBITDA | 189.77 | 46.09 | -104.92 | -18.85 |
| EBIT | 133.18 | -4.99 | -153.50 | -56.94 |
| Pretax Income | 126.45 | -10.54 | -154.81 | -57.91 |
| Tax Provision | 38.45 | 7.94 | 36.20 | 7 |
| Net Income | 91.40 | -34.52 | -191.01 | -64.91 |
| Net Income Common Stockholders | 91.40 | -34.52 | -191.01 | -64.91 |
| Total Expenses | 904.85 | 806.41 | 749.88 | 855.30 |
| Interest Expense | 6.72 | 5.55 | 1.31 | 0.97 |
| Interest Income | 13.91 | 19.16 | 11.99 | 13.60 |
| Research And Development | 332.33 | 337.74 | 332.23 | 353.25 |
| Selling General And Administration | 190.97 | 147 | 145.45 | 174.28 |
| Normalized EBITDA | 189.77 | 46.09 | -104.92 | -18.85 |
| Normalized Income | 91.40 | -34.52 | -191.01 | -64.91 |
| Basic EPS | 2.61 | -1.09 | -5.93 | -1.98 |
| Diluted EPS | 2.54 | -1.09 | -5.93 | -1.98 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.30 | 0.21 | 0.21 | 0.40 |
| Net Income From Continuing Operation Net Minority Interest | 91.40 | -34.52 | -191.01 | -64.91 |
| Reconciled Depreciation | 56.59 | 51.08 | 48.59 | 38.09 |
| Reconciled Cost Of Revenue | 381.55 | 321.67 | 272.20 | 327.78 |
| Net Interest Income | 7.19 | 13.61 | 10.68 | 12.63 |
| Net Income From Continuing And Discontinued Operation | 91.40 | -34.52 | -191.01 | -64.91 |
| Total Operating Income As Reported | 119.26 | -24.15 | -165.49 | -70.54 |
| Diluted Average Shares | 36.04 | 31.80 | 32.19 | 32.72 |
| Basic Average Shares | 35.09 | 31.80 | 32.19 | 32.72 |
| Diluted NI Availto Com Stockholders | 91.40 | -34.52 | -191.01 | -64.91 |
| Net Income Including Noncontrolling Interests | 91.40 | -34.52 | -191.01 | -64.91 |
| Net Income Discontinuous Operations | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | 91.40 | -34.52 | -191.01 | -64.91 |
| Earnings From Equity Interest Net Of Tax | 3.40 | -16.03 | 0 | 0 |
| Net Non Operating Interest Income Expense | 7.19 | 13.61 | 10.68 | 12.63 |
| Interest Expense Non Operating | 6.72 | 5.55 | 1.31 | 0.97 |
| Interest Income Non Operating | 13.91 | 19.16 | 11.99 | 13.60 |
| Operating Revenue | 1,024.11 | 782.26 | 584.39 | 784.76 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Silicon Laboratories Inc.this co. | SLAB | $7.2B | - | 6.54 | -5.9% | -207.60 |
| Applied Digital Corporation | APLD | $9.3B | - | 5.90 | -36.5% | 821.55 |
| InterDigital, Inc. | IDCC | $9.1B | 29.86 | 8.23 | 36.9% | 15.41 |
| Clearwater Analytics Holdings, Inc. | CWAN | $7.2B | - | 3.48 | -1.9% | 91.05 |
| Cipher Digital Inc. | CIFR | $6.9B |
| - |
| 8.51 |
| -98.4% |
| 38.15 |
| D-Wave Quantum Inc. | QBTS | $6.8B | - | 7.69 | -41.7% | -59.89 |
| Core Scientific, Inc. | CORZ | $6.2B | - | -6.38 | 30.0% | -65.36 |
| Rigetti Computing, Inc. | RGTI | $5.3B | - | 9.75 | -39.6% | -64.12 |
| Belden Inc. | BDC | $5.0B | 21.54 | 3.93 | 18.8% | 13.62 |
| Peer Median | - | 25.70 | 6.79 | -19.2% | 14.51 | |