Revenue growth has accelerated to 20.1% in 2026Q1, though the company continues to struggle with operating leverage as evidenced by a persistent -2.8% operating margin.
| Metric | TTM | Jan'26 | Dec'24 | Dec'23 | Dec'22 | Jan'22 | Jan'21 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 |
|---|
| Sales/Revenue | 820.55M | 784.76M | 584.39M | 782.26M | 1.02B | 720.86M | 510.93M | 473.79M | 868.27M | 768.87M | 697.63M | 644.83M | 620.7M | 580.09M | 563.29M | 491.63M | 493.34M | 441.02M | 415.63M | 337.46M | 464.6M | 425.69M | 456.23M | 325.31M | 182.02M | 74.06M | 103.1M | 46.9M |
| Revenue Growth % | 25.14% | 34.29% | -25.3% | -23.62% | 42.07% | 41.09% | 7.84% | -45.43% | 12.93% | 10.21% | 8.19% | 3.89% | 7% | 2.98% | 14.58% | -0.35% | 11.86% | 6.11% | 23.16% | -27.36% | 9.14% | -6.69% | 40.25% | 78.72% | 145.75% | -28.16% | 119.84% | - |
| Cost of Goods Sold | 340.39M | 327.78M | 272.2M | 321.67M | 381.55M | 295.47M | 216.08M | 193.57M | 346.87M | 314.68M | 276.12M | 264.06M | 242.15M | 227.18M | 225.28M | 193.18M | 169.1M | 161.27M | 159.84M | 130.22M | 208.22M | 193.9M | 206.23M | 162.17M | 79.94M | 31.93M | 28.84M | 13.6M |
| COGS % of Revenue | - | 41.77% | 46.58% | 41.12% | 37.26% | 40.99% | 42.29% | 40.86% | 39.95% | 40.93% | 39.58% | 40.95% | 39.01% | 39.16% | 39.99% | 39.29% | 34.28% | 36.57% | 38.46% | 38.59% | 44.82% | 45.55% | 45.2% | 49.85% | 43.92% | 43.11% | 27.97% | 29% |
| Gross Profit | 480.16M | 456.98M | 312.19M | 460.59M | 642.56M | 425.39M | 294.85M | 280.21M | 521.4M | 454.19M | 421.5M | 380.77M | 378.55M | 352.9M | 338.02M | 298.45M | 324.24M | 279.75M | 255.78M | 207.24M | 256.38M | 231.78M | 250M | 163.13M | 102.08M | 42.13M | 74.27M | 33.3M |
| Gross Margin % | 58.52% | 58.23% | 53.42% | 58.88% | 62.74% | 59.01% | 57.71% | 59.14% | 60.05% | 59.07% | 60.42% | 59.05% | 60.99% | 60.84% | 60.01% | 60.71% | 65.72% | 63.43% | 61.54% | 61.41% | 55.18% | 54.45% | 54.8% | 50.15% | 56.08% | 56.89% | 72.03% | 71% |
| Gross Profit Growth % | - | 46.38% | -32.22% | -28.32% | 51.05% | 44.28% | 5.22% | -46.26% | 14.8% | 7.75% | 10.7% | 0.59% | 7.27% | 4.4% | 13.26% | -7.96% | 15.9% | 9.37% | 23.43% | -19.17% | 10.61% | -7.28% | 53.25% | 59.81% | 142.26% | -43.27% | 123.03% | - |
| Operating Expenses | 524.5M | 527.52M | 477.68M | 484.74M | 523.3M | 458.23M | 401.93M | 368.86M | 436.19M | 369.22M | 355.23M | 348.54M | 327.13M | 288.59M | 252.34M | 248.37M | 237.57M | 213.24M | 201.88M | 184.14M | 224.06M | 173.78M | 143.31M | 96.12M | 71.05M | 93.38M | 50.9M | 18.6M |
| OpEx % of Revenue | - | 67.22% | 81.74% | 61.97% | 51.1% | 63.57% | 78.67% | 77.85% | 50.24% | 48.02% | 50.92% | 54.05% | 52.7% | 49.75% | 44.8% | 50.52% | 48.16% | 48.35% | 48.57% | 54.57% | 48.23% | 40.82% | 31.41% | 29.55% | 39.04% | 126.08% | 49.37% | 39.66% |
| Selling, General & Admin | 176.93M | 174.28M | 145.45M | 147M | 190.97M | 185.02M | 166.75M | 163.17M | 197.84M | 159.73M | 155.48M | 160.49M | 154.15M | 130.79M | 114.39M | 112.42M | 113.75M | 108.85M | 100.67M | 94.82M | 102.36M | 72.55M | 64.16M | 42.84M | 33.88M | 20.06M | 17.65M | 7.2M |
| SG&A % of Revenue | - | 22.21% | 24.89% | 18.79% | 18.65% | 25.67% | 32.64% | 34.44% | 22.79% | 20.77% | 22.29% | 24.89% | 24.83% | 22.55% | 20.31% | 22.87% | 23.06% | 24.68% | 24.22% | 28.1% | 22.03% | 17.04% | 14.06% | 13.17% | 18.61% | 27.08% | 17.12% | 15.35% |
| Research & Development | 347.57M | 353.25M | 332.23M | 337.74M | 332.33M | 273.21M | 235.19M | 205.69M | 238.35M | 209.49M | 199.74M | 188.05M | 172.99M | 157.8M | 137.95M | 135.95M | 123.82M | 104.39M | 101.2M | 89.32M | 121.71M | 101.22M | 74.92M | 48.3M | 32M | 28.98M | 19.42M | 8.3M |
| R&D % of Revenue | - | 45.01% | 56.85% | 43.18% | 32.45% | 37.9% | 46.03% | 43.41% | 27.45% | 27.25% | 28.63% | 29.16% | 27.87% | 27.2% | 24.49% | 27.65% | 25.1% | 23.67% | 24.35% | 26.47% | 26.2% | 23.78% | 16.42% | 14.85% | 17.58% | 39.13% | 18.83% | 17.7% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -485K | 127K | -234K | 157K | 484K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.24M | 4.99M | 5.17M | 44.35M | 13.83M | 3.1M |
| Operating Income | -44.34M | -70.54M | -165.49M | -24.15M | 119.26M | -32.84M | -107.09M | -88.64M | 85.21M | 84.97M | 66.28M | 32.23M | 51.42M | 64.31M | 85.67M | 50.07M | 86.67M | 66.51M | 43.66M | 23.1M | 29.11M | 58.01M | 106.69M | 65.41M | 31.03M | -51.25M | 23.37M | 14.7M |
| Operating Margin % | -5.4% | -8.99% | -28.32% | -3.09% | 11.65% | -4.56% | -20.96% | -18.71% | 9.81% | 11.05% | 9.5% | 5% | 8.28% | 11.09% | 15.21% | 10.19% | 17.57% | 15.08% | 10.5% | 6.84% | 6.27% | 13.63% | 23.38% | 20.11% | 17.05% | -69.19% | 22.66% | 31.34% |
| Operating Income Growth % | - | 57.37% | -585.15% | -120.25% | 463.18% | 69.34% | -20.81% | -204.03% | 0.28% | 28.21% | 105.61% | -37.31% | -20.04% | -24.94% | 71.1% | -42.23% | 30.31% | 52.35% | 89.01% | -20.67% | -49.81% | -45.63% | 63.09% | 110.84% | 160.54% | -319.31% | 58.96% | - |
| EBITDA | -9.6M | -32.46M | -116.91M | 26.93M | 175.85M | 29.72M | -48.25M | -35.72M | 139.12M | 126.84M | 106.79M | 73.88M | 81.91M | 93.71M | 113.45M | 74.67M | 105.96M | 86.24M | 62.28M | 39.18M | 50.35M | 78.54M | 130.43M | 89.57M | 48.61M | -33.07M | 37.2M | 17.8M |
| EBITDA Margin % | -1.17% | -4.14% | -20% | 3.44% | 17.17% | 4.12% | -9.44% | -7.54% | 16.02% | 16.5% | 15.31% | 11.46% | 13.2% | 16.15% | 20.14% | 15.19% | 21.48% | 19.55% | 14.98% | 11.61% | 10.84% | 18.45% | 28.59% | 27.53% | 26.71% | -44.65% | 36.08% | 37.95% |
| EBITDA Growth % | 89.44% | 72.24% | -534.16% | -84.69% | 491.75% | 161.59% | -35.1% | -125.67% | 9.68% | 18.77% | 44.55% | -9.8% | -12.6% | -17.4% | 51.93% | -29.53% | 22.87% | 38.47% | 58.95% | -22.18% | -35.9% | -39.78% | 45.62% | 84.25% | 246.99% | -188.9% | 108.99% | - |
| D&A (Non-Cash Add-back) | 34.74M | 38.09M | 48.59M | 51.08M | 56.59M | 62.56M | 58.84M | 52.93M | 53.91M | 41.87M | 40.52M | 41.65M | 30.48M | 29.4M | 27.77M | 24.6M | 19.29M | 19.73M | 18.62M | 16.09M | 21.23M | 20.53M | 23.74M | 24.16M | 17.59M | 18.17M | 13.83M | 3.1M |
| EBIT | -34.76M | -56.94M | -153.5M | -4.99M | 133.18M | -27.14M | -98.06M | -75.78M | 91.86M | 92.84M | 66.83M | 33.09M | 52.19M | 65.32M | 87.5M | 52.38M | 87.74M | 69.15M | 53.55M | 23.1M | 8.65M | 65.96M | 111.89M | 67.01M | 31.03M | -51.25M | 23.37M | 14.7M |
| Net Interest Income | 8.89M | 12.63M | 10.68M | 13.61M | 7.19M | -25.34M | -25.11M | -7.37M | -13.05M | -8.07M | -1.78M | -1.97M | -2.15M | -2.44M | 189K | 1.82M | 2.24M | 2.54M | 10.02M | 0 | 0 | 0 | 0 | -1.59M | 0 | 0 | 0 | 0 |
| Interest Income | 9.81M | 13.6M | 11.99M | 19.16M | 13.91M | 5.7M | 9.03M | 12.87M | 6.65M | 6.06M | 1.29M | 730K | 1.01M | 853K | 1.34M | 1.86M | 2.32M | 2.73M | 10.45M | 0 | 0 | 0 | 0 | 1.37M | 0 | 0 | 0 | 0 |
| Interest Expense | 923K | 975K | 1.31M | 5.55M | 6.72M | 31.03M | 34.14M | 20.23M | 19.69M | 14.13M | 2.59M | 2.83M | 3.15M | 3.29M | 1.15M | 37K | 77K | 180K | 11.6M | 0 | 0 | 0 | 0 | 2.96M | 403K | 32.01M | 0 | 400K |
| Other Income/Expense | 1.31M | 12.63M | 10.68M | -2.42M | 10.59M | -11.61M | -23M | -7.37M | -13.05M | -8.07M | -1.78M | -1.97M | -2.38M | -2.28M | 673K | 2.27M | 988K | 2.46M | 9.46M | 23.43M | 13.62M | 7.63M | 4.89M | 782K | 281K | 2.87M | 2.48M | -400K |
| Pretax Income | -43.03M | -57.91M | -154.81M | -26.57M | 129.85M | -44.45M | -130.09M | -96.01M | 72.16M | 76.9M | 64.5M | 30.26M | 49.04M | 62.03M | 86.35M | 52.34M | 87.66M | 68.97M | 53.12M | 46.52M | 42.73M | 65.64M | 111.58M | 66.2M | 31.31M | -48.38M | 25.85M | 14.3M |
| Pretax Margin % | -5.24% | -7.38% | -26.49% | -3.4% | 12.68% | -6.17% | -25.46% | -20.26% | 8.31% | 10% | 9.25% | 4.69% | 7.9% | 10.69% | 15.33% | 10.65% | 17.77% | 15.64% | 12.78% | 13.79% | 9.2% | 15.42% | 24.46% | 20.35% | 17.2% | -65.32% | 25.07% | 30.49% |
| Income Tax | 7.3M | 7M | 36.2M | 7.94M | 38.45M | 13.43M | -14.6M | 6.98M | -11.43M | 29.81M | 3M | 677K | 11.02M | 12.21M | 22.8M | 16.87M | 14.42M | -4.13M | 20.18M | 6.84M | 11.57M | 18.14M | 34.88M | 21.48M | 10.59M | -2.8M | 11.83M | 3.3M |
| Effective Tax Rate % | -16.98% | -12.08% | -23.38% | -29.89% | 29.61% | -30.21% | 11.22% | -7.27% | -15.84% | 38.76% | 4.65% | 2.24% | 22.47% | 19.68% | 26.4% | 32.23% | 16.45% | -5.98% | 37.99% | 14.7% | 27.09% | 27.63% | 31.26% | 32.45% | 33.83% | 5.79% | 45.77% | 23.08% |
| Net Income | -50.33M | -64.91M | -191.01M | -34.52M | 91.4M | 2.12B | 12.53M | 19.27M | 83.59M | 47.09M | 61.49M | 29.59M | 38.02M | 49.82M | 63.55M | 35.47M | 73.24M | 73.09M | 32.94M | 204.84M | 31.16M | 47.51M | 76.69M | 44.72M | 20.72M | -45.57M | 14.02M | 11M |
| Net Margin % | -6.13% | -8.27% | -32.69% | -4.41% | 8.93% | 293.73% | 2.45% | 4.07% | 9.63% | 6.12% | 8.81% | 4.59% | 6.13% | 8.59% | 11.28% | 7.22% | 14.85% | 16.57% | 7.92% | 60.7% | 6.71% | 11.16% | 16.81% | 13.75% | 11.38% | -61.53% | 13.6% | 23.45% |
| Net Income Growth % | 69.49% | 66.02% | -453.4% | -137.76% | -95.68% | 16797.29% | -34.95% | -76.95% | 77.51% | -23.42% | 107.85% | -22.19% | -23.68% | -21.6% | 79.15% | -51.57% | 0.21% | 121.93% | -83.92% | 557.41% | -34.41% | -38.06% | 71.51% | 115.84% | 145.46% | -425.13% | 27.43% | - |
| Net Income (Continuing) | -50.33M | -64.91M | -191.01M | -34.52M | 91.4M | -57.87M | -115.48M | -102.67M | 83.59M | 47.09M | 61.49M | 29.59M | 38.02M | 49.82M | 63.55M | 35.47M | 73.24M | 73.09M | 32.94M | 39.69M | 15.34M | 17.7M | 76.69M | 44.72M | 20.72M | -45.57M | 14.02M | 11M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 2.18B | 128.02M | 121.94M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165.15M | 15.81M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.53 | -1.98 | -5.93 | -1.09 | 2.54 | 47.78 | 0.28 | 0.44 | 1.90 | 1.09 | 1.45 | 0.69 | 0.87 | 1.14 | 1.47 | 0.79 | 1.57 | 1.57 | 0.67 | 3.64 | 0.54 | 0.32 | 0.58 | 0.86 | 0.41 | -0.99 | 0.29 | 0.25 |
| EPS Growth % | 70.03% | 66.61% | -444.04% | -142.91% | -94.68% | 16964.29% | -36.36% | -76.84% | 74.31% | -24.83% | 110.14% | -20.69% | -23.68% | -22.45% | 86.08% | -49.68% | 0% | 134.33% | -81.59% | 574.07% | 68.75% | -44.83% | -32.56% | 109.76% | 141.41% | -441.38% | 16% | - |
| EPS (Basic) | - | -1.98 | -5.93 | -1.09 | 2.61 | 49.44 | 0.29 | 0.44 | 1.94 | 1.11 | 1.47 | 0.70 | 0.88 | 1.17 | 1.51 | 0.82 | 1.63 | 1.62 | 0.68 | 3.74 | 0.56 | 0.33 | 0.62 | 0.92 | 0.44 | -0.99 | 0.37 | 0.73 |
| Diluted Shares Outstanding | 32.96M | 32.72M | 32.19M | 31.8M | 36.04M | 44.31M | 44.37M | 44.29M | 44.04M | 43.33M | 42.38M | 42.95M | 43.79M | 43.54M | 43.11M | 44.83M | 46.74M | 46.54M | 48.99M | 56.32M | 57.2M | 55.24M | 54.93M | 52.29M | 50.81M | 45.91M | 48.79M | 43.66M |
| Basic Shares Outstanding | 32.96M | 32.72M | 32.19M | 31.8M | 35.09M | 42.83M | 43.77M | 43.35M | 43.16M | 42.45M | 41.71M | 42.31M | 42.97M | 42.72M | 42.14M | 43.42M | 44.84M | 45.02M | 48.11M | 54.83M | 55.35M | 53.13M | 51.12M | 48.85M | 47.42M | 45.91M | 38.33M | 15.15M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Persistent Operating Margin Deficit
According to quarterly financial data, Silicon Laboratories has demonstrated a significant revenue recovery, with year-over-year growth reaching 20.1% in 2026Q1, marking a sharp reversal from the contractionary environment observed throughout 2024, as the company successfully navigates the post-inventory correction phase of the semiconductor cycle.
The recent acceleration in top-line performance suggests that the company's IoT-focused strategy is gaining traction as channel inventory levels normalize. However, investors should monitor whether this growth is sustainable or merely a reflection of pent-up demand following the severe revenue declines experienced in early 2024.
As reported in recent income statements, Silicon Laboratories has maintained a gross margin of 56.7% in 2026Q1, which underscores the premium pricing power inherent in its specialized mixed-signal and wireless microcontroller portfolio despite the broader volatility currently impacting the semiconductor industry's pricing environment.
The ability to sustain gross margins above 55% even during periods of significant revenue fluctuation suggests that the company's proprietary software-defined hardware creates a meaningful competitive moat. This pricing power appears to be a critical buffer, though it has yet to translate into positive operating profitability.
Based on the provided income statement figures, Silicon Laboratories continues to struggle with operating leverage, as R&D expenses of $82.5 million in 2026Q1 remain disproportionately high relative to revenue, preventing the company from achieving the necessary scale to reach positive operating income levels.
The persistent operating loss of $5.9 million in the most recent quarter indicates that the company's fixed cost base, particularly in engineering talent, is currently misaligned with its revenue scale. Management appears to be prioritizing long-term technical leadership over immediate profitability, which warrants further investigation into the timeline for margin expansion.
Analysis of recent filings reveals that stock-based compensation remains a significant non-cash expense, totaling $21.1 million in 2026Q1, which effectively obscures the true extent of the company's cash-burn rate during this period of negative net income and ongoing operational restructuring.
The reliance on equity-based incentives to retain specialized engineering talent is a common industry practice, yet it complicates the assessment of the company's underlying cash-generating capability. Investors should be cautious, as these non-cash charges may be masking the severity of the current operating losses.
While the company's revenue trajectory is improving, the persistent negative operating margin of -2.8% in 2026Q1 suggests that the firm may face structural challenges in achieving profitability, potentially leading to continued margin compression if competitive pressures from larger semiconductor peers intensify in the IoT space.
Short-term observers may focus on the inability to convert top-line growth into bottom-line results, which could indicate that the company's R&D-heavy model is becoming increasingly expensive to maintain. The risk remains that the company may be forced to choose between sacrificing its technical moat or accepting prolonged periods of financial underperformance.
Quick answers to the most common questions about buying SLAB stock.
For fiscal year 2025, Silicon Laboratories Inc. (SLAB) reported total revenue of $784.8M. This represents a 1573.3% increase compared to $46.9M in 1999.
Silicon Laboratories Inc. (SLAB) reported a net loss of $64.9M for the fiscal year ending 2025.
Silicon Laboratories Inc. (SLAB) reported an operating income of $-70.5M, resulting in an operating profit margin of -9.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Silicon Laboratories Inc. (SLAB) generated $457.0M in gross profit for the year, representing a gross profit margin of 58.2%. This demonstrates the company's core pricing power and production efficiency.