XSD - Silicon Labs 'Still In Early Stages Of Recovery' CEO Says Citing Sharp Revenue Drop | Benzinga
Silicon Laboratories Inc (NASDAQ:SLAB) reported fiscal first-quarter 2024 sales of $106.4 million, down 56.9% Y/Y, beating the consensus of $105.1 million.
The fabless global technology company's adjusted EPS loss of $(0.92) beat the consensus loss of $(0.98).
Margins: Adjusted gross margin of 52.2% and adjusted operating margin loss of (36.5)% fell from 62.5% and 19.2% a year ago, respectively.
Industrial & Commercial revenue for the quarter was $65 million, down from $151 million a ...