Overview
Wireless technology firm's Q4 revenue slightly beat analyst expectations
Net income for Q4 missed analyst estimates
Company cancels earnings call due to pending acquisition by Texas Instruments
Outlook
Silicon Labs suspends forward-looking guidance due to pending acquisition by Texas Instruments
Result Drivers
INDUSTRIAL & COMMERCIAL GROWTH - Q4 revenue in Industrial & Commercial segment rose 37% year-over-year, contributing to overall revenue increase
HOME & LIFE SEGMENT - Q4 revenue in Home & Life segment increased 12% year-over-year, supporting overall revenue growth
PENDING ACQUISITION - Company canceled earnings call due to pending acquisition by Texas Instruments, impacting forward-looking guidance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Slight Beat* | $208.21 mln | $207.58 mln (9 Analysts) |
Q4 Net Income | Miss | -$2.68 mln | $18.26 mln (9 Analysts) |
Q4 Operating Income | Miss | -$3.25 mln | $19.79 mln (8 Analysts) |
Q4 Gross Profit | $132.08 mln | ||
Q4 Operating Expenses | $135.33 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Silicon Laboratories Inc is $155.00, about 13.5% above its February 3 closing price of $136.62
The stock recently traded at 51 times the next 12-month earnings vs. a P/E of 60 three months ago
Press Release: ID:nPn8f7R40a
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)