Silicon Labs Sees Q3 2024 Revenue $160M-$170M Vs $172.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Silicon Labs (SLAB) has provided its Q3 2024 revenue guidance, expecting between $160M and $170M, which is below the $172.15M estimate. The company also provided GAAP gross margin, operating expenses, and diluted loss per share estimates.
July 24, 2024 | 11:07 am
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Silicon Labs (SLAB) has provided a Q3 2024 revenue guidance of $160M-$170M, which is below the market estimate of $172.15M. The company also expects GAAP gross margin to be between 54%-56%, operating expenses of $123M-$125M, and a diluted loss per share between $(0.95) to $(1.25).
The revenue guidance provided by Silicon Labs is below the market estimate, which is likely to negatively impact the stock price in the short term. Additionally, the expected GAAP diluted loss per share indicates financial challenges.
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