Silicon Labs Q4 revenue fell to $87 million; GAAP loss of $2.19 per share
Silicon Labs reported fourth-quarter 2023 revenue of $87 million, down from $257 million a year earlier, and a GAAP diluted loss of $2.19 per share versus diluted earnings of $0.76 a year earlier. The company said results were ahead of its expectations and guided first-quarter 2024 revenue to $100 million to $110 million, with a GAAP diluted loss per share of $(1.89) to $(2.05). The filing also discloses a material weakness in internal controls over certain inventory controls, though the company said it has identified no misstatements to date.
Key points
- Q4 2023 revenue was $86.8 million versus $257.3 million in Q4 2022; GAAP operating loss was $73.1 million versus operating income of $24.1 million
- Q1 2024 guidance: revenue of $100 million to $110 million; GAAP diluted loss per share of $(1.89) to $(2.05)
- Board authorized a $100 million share repurchase plan on January 25, 2024, valid through the end of 2024
- Company disclosed a material weakness related to inventory controls and expects to file its Form 10-K by the end of February 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 07, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.