Silicon Laboratories Inc. Reports Earnings Results for the Fourth Quarter Ended December 29, 2018; Provides Earnings Guidance for the First Quarter Ending March 30, 2019
January 30, 2019 at 12:05 pm
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Silicon Laboratories Inc. announced earnings results for the fourth quarter ended December 29, 2018. For the fourth quarter, the company announced sales was USD 215.534 million compared to USD 201.018 million a year ago. Operating income was USD 18.362 million compared to USD 26.390 million a year ago. Net income was USD 15.145 million compared to net loss of USD 4.852 million a year ago. Basic earnings per share was USD 0.35 compared to basic loss per share of USD 0.11 a year ago. For the full year, sales was USD 868.267 million compared to USD 768.867 million a year ago. Operating income was USD 85.208 million compared to USD 84.974 million a year ago. Net income was USD 83.591 million compared to USD 47.092 million a year ago. Basic earnings per share was USD 1.94 compared to USD 1.11 a year ago. Diluted earnings per share was USD 1.9 compared to USD 1.09 a year ago.
In light of macro uncertainty and volatility, the company expects first quarter ending March 30, 2019, revenue to be in the range of USD 183 to USD 193 million, with IoT, Infrastructure, Broadcast and Access down, and estimates the following: GAAP diluted loss per share between USD (0.11) and USD (0.01).
Silicon Laboratories Inc. is engaged in secure, intelligent wireless technology. The Companyâs integrated hardware and software platform, intuitive development tools, ecosystem, and support help customers build advanced industrial, commercial, home, and life applications. It enables developers to solve complex wireless challenges throughout the product lifecycle. Its platform, purpose-built for the Internet of Things (IoT), helps customers create secure, intelligent, connected devices. Its semiconductor devices leverage standard complementary metal oxide semiconductor (CMOS), a widely available process technology. It provides analog-intensive, mixed-signal solutions for use in a variety of electronic products in a range of applications for the IoT. It has built a wireless development platform and product portfolio for the IoT based on Bluetooth, sub-GHz technologies, Wi - SUN, Thread, Wi-Fi, Zigbee and Z-Wave. The Company offers wireless microcontrollers and sensor products.
Silicon Laboratories Inc. Reports Earnings Results for the Fourth Quarter Ended December 29, 2018; Provides Earnings Guidance for the First Quarter Ending March 30, 2019
SILICON LABORATORIES INC. 
