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AI brief of an SEC Form 8-K · Silicon Labs (SLAB)

Silicon Labs Q1 revenue falls to $106 million; GAAP loss of $1.77 per share

Negative Impact 4 of 5 earnings Written later

Silicon Laboratories reported first-quarter 2024 revenue of $106.4 million, down from $246.8 million a year earlier, and a GAAP net loss of $56.5 million, or $1.77 per diluted share, compared with diluted earnings of $0.41 a year earlier. The company guided second-quarter revenue to $135 million to $145 million and named Dean Butler as chief financial officer effective May 15, 2024, succeeding interim CFO Mark Mauldin.

Key points

  • Q1 2024 revenue was $106.4 million versus $246.8 million in Q1 2023; GAAP operating loss was $59.1 million
  • Non-GAAP diluted loss per share was $(0.92); GAAP diluted loss per share was $(1.77)
  • Q2 2024 revenue outlook is $135 million to $145 million; GAAP diluted loss per share guided to $(1.45) to $(1.61)
  • Dean Butler joins as CFO on May 15, 2024; Bob Conrad joins as SVP of Worldwide Operations on April 29, 2024

The filing

CompanySilicon Labs (SLAB)
Form8-K, current report
Filed with the SECApr 24, 2024, 7:46 AM ET
Accession number0001628280-24-017527

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 April 24, 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.