Silicon Laboratories (SLAB) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was $214 million, up 20% year-over-year, driven by strong growth in Industrial & Commercial and Home & Life segments.

• Gross profit increased to $127.0 million, with GAAP gross margin at 59.5% and non-GAAP gross margin at 59.7%.

• Operating loss narrowed to $17 million GAAP, while non-GAAP operating income was $18 million.

• Net loss was $15.9 million, or $(0.48) per share GAAP; non-GAAP EPS was $0.53.

• The merger with Texas Instruments was approved by shareholders and is expected to close in the first half of 2027, with guidance suspended.

Financial highlights

• Revenue: $214 million, up 20% year-over-year.

• Gross profit: $127.0 million; GAAP gross margin: 59.5%; non-GAAP gross margin: 59.7%.

• GAAP operating loss: $17 million; non-GAAP operating income: $18 million.

• Net loss: $15.9 million GAAP; EPS: $(0.48) GAAP, $0.53 non-GAAP.

• Cash, cash equivalents, and short-term investments: $438.9 million at quarter end; cash increased by $18.9 million sequentially.

Outlook and guidance

• The merger with Texas Instruments is expected to close in the first half of 2027, pending regulatory approvals.

• Management expects to continue incurring significant merger-related costs until completion.

• Guidance suspended due to pending merger.

• Macroeconomic and geopolitical uncertainties, including inflation, high interest rates, and trade tensions, may impact future performance.