SLAB Exceeds Expectations

By | April 27, 2017
Our New Ticker is: SLAB
Good Morning Everyone,SLAB has exceeded expectations for the fourth consecutive quarter…Let’s take a look at what happened with Silicon Labs this quarter:

  • Excluding items like stock-based compensation and acquisition costs, net income was $27.3 million, or $0.63 per share, up from adjusted net income of $0.36 per share in last year’s first quarter.
  • Internet of Things revenue climbed 24% year over year, to $88 million.
  • Infrastructure revenue increased 14% year over year, to $36 million.
  • Broadcast revenue fell 3% year over year, to $37 million.
  • Access revenue declined 15% year over year, to $18 million.
  • The company completed a private offering of $400 million of 1.375% convertible senior notes (for repaying Silicon Labs’ existing credit facility and to be used for “general corporate purposes”).

And some new products were introduced:

 

  • a major expansion of the EFR32 Wireless Gecko SoC portfolio, with new features including improved RF performance, larger memory options, on-chip capacitive touch control, and new sensor interfaces.
  • the new EFM32 Jade and Pearl MCUs for embedded developers, similarly featuring new security, larger memory options, and peripheral integration.
  • new Micrium operating system and platform builder software aimed at simplifying Internet of Things system configuration, and accelerating time to market for embedded designers.

In our opinion, Silicon Labs is in a really strong position.

Do your research, but SLAB is looking good to us!

Good Trading!

The Team

Company Profile:

Silicon Labs is a leading provider of silicon, software and solutions for a smarter, more connected world. Our award-winning technologies are shaping the future of the Internet of Things, Internet infrastructure, industrial automation, consumer and automotive markets. Our world-class engineering team creates products focused on performance, energy savings, connectivity and simplicity. www.silabs.com


Press Releases:
Silicon Labs Announces First Quarter 2017 Results
AUSTIN, Texas, April 26, 2017 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), a leading provider of silicon, software and solutions for a smarter, more connected world, today reported financial results for its first quarter ended April 1, 2017. Revenue in the first quarter was at the high end of guidance at $179 million, down from $183 million in the fourth quarter. First quarter GAAP and non-GAAP earnings per share (EPS) were $0.36 and $0.63, respectively.
USB-to-I2S Bridge Chip Brings Turnkey Simplicity to Digital Audio Design
AUSTIN, Texas, April 19, 2017 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB) has introduced a fixed-function audio bridge device that provides a simple, turnkey solution for transferring digital audio data between the universal serial bus (USB) and integrated inter-IC sound (I2S) serial bus interfaces. The new CP2615 digital audio bridge simplifies USB-to-I2S connectivity and accelerates time to market for a wide range of power-sensitive, space-constrained USB audio applications based on the Android, Windows, Linux and Mac operating systems, including headphones, headsets, speakers, MP3 accessories, navigation systems and point-of-sale terminals.
Gecko Microcontrollers Get a Big Boost in Security, Memory and Peripherals
NUREMBERG, Germany, March 14, 2017 /PRNewswire/ — (Embedded World) – Silicon Labs (NASDAQ: SLAB) continues to enhance the EFM32™ Gecko microcontroller (MCU) family to meet the needs of embedded developers designing the next generation of secure, sophisticated IoT devices. Using Silicon Labs’ new Jade and Pearl Gecko MCUs, developers can easily add touch-control interfaces, powerful security capabilities and multiple low-power sensors to IoT devices.  The new MCUs are optimized for high performance, low-energy applications and support over-the-air (OTA) updates to deployed end products.