Description

Silicon Laboratories Is Riding a Multi-Year Smart Metering Wave—Why Industrial IoT Remains the Earnings Anchor!

Silicon Laboratories delivered results that were broadly consistent with its stated outlook, reflecting a combination of steady demand recovery, improving profitability, and continued execution against its long-term strategic priorities. Revenue for the September quarter reached $206 million, representing sequential growth of 7 percent and year-over-year growth of 24 percent, with both major operating segments contributing. Industrial and commercial applications accounted for 57 percent of revenue and benefited from demand in building automation, lighting, access points, and smart metering, while the Home and Life segment represented 43 percent of revenue and was supported by smart home activity and accelerating medical device ramps, particularly in continuous glucose monitoring. Profitability showed meaningful improvement, driven largely by product mix and channel dynamics. Non-GAAP gross margin reached 58 percent, exceeding guidance and improving both sequentially and year over year.