Silicon Laboratories Expects Q2 Revenue of $135M-$145M Vs $141.41M Est, Adj EPS Loss of $(0.58)-$(0.70) Vs $(0.45) Est
Portfolio Pulse from Benzinga Newsdesk
Silicon Laboratories forecasts Q2 revenue of $135M-$145M, below the estimated $141.41M, with an adjusted EPS loss of $(0.58)-$(0.70), worse than the $(0.45) estimate. The company anticipates a GAAP gross margin of 53%, operating expenses of $125M, and a GAAP diluted loss per share of $(1.45) to $(1.61). Non-GAAP figures, excluding certain costs, show a gross margin of 53% and operating expenses of $102M.
April 24, 2024 | 11:14 am
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Silicon Laboratories expects lower Q2 revenue and a larger adjusted EPS loss than estimated, indicating potential financial challenges ahead.
The forecasted revenue and adjusted EPS loss are both worse than analyst estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100