Silicon Labs Files 2024 10-K

TL;DR

Silicon Labs dropped its 2024 10-K. Full financials out.

AI Summary

Silicon Laboratories Inc. filed its 2024 10-K on February 4, 2025, reporting on its fiscal year ending December 28, 2024. The company, headquartered in Austin, Texas, operates in the Semiconductors & Related Devices industry. Key financial data and operational details for the fiscal year are presented in this comprehensive filing.

Why It Matters

This filing provides investors and analysts with a detailed overview of Silicon Laboratories' financial performance and strategic positioning for the fiscal year 2024, crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a standard annual financial filing with no immediate red flags.

Key Numbers

• 20241228 — Fiscal Year End (The end date of the reporting period.)
• 20250204 — Filing Date (The date the 10-K was submitted to the SEC.)

Key Players & Entities

• SILICON LABORATORIES INC. (company) — Filer
• 20241228 (date) — Fiscal Year End
• 20250204 (date) — Filing Date
• Austin, TX (location) — Business Address
• R.MatthewJohnsonMember (person) — Member

FAQ

Key Financial Figures

• $0.0001 — ge on which registered Common Stock, $0.0001 par value SLAB The NASDAQ Stock Market
• $332.2 m — Research and development expenses were $332.2 million, $337.7 million and $332.3 millio
• $337.7 million — velopment expenses were $332.2 million, $337.7 million and $332.3 million in fiscal 2024, 2023
• $332.3 million — were $332.2 million, $337.7 million and $332.3 million in fiscal 2024, 2023 and 2022, respecti

Filing Documents

• slab-20241228.htm (10-K) — 1617KB
• slab-insidertradingpolicy2.htm (EX-19) — 125KB
• slab-20241228xexx21.htm (EX-21) — 8KB
• slab-2024x1228xexx231.htm (EX-23.1) — 2KB
• slab-20241228xexx311.htm (EX-31.1) — 11KB
• slab-20241228xexx312.htm (EX-31.2) — 10KB
• slab-20241228xexx321.htm (EX-32.1) — 6KB
• image_0a.jpg (GRAPHIC) — 128KB
• image_1a.jpg (GRAPHIC) — 26KB
• image_2a.jpg (GRAPHIC) — 0KB
• image_3a.jpg (GRAPHIC) — 11KB
• slab-20241228_g1.jpg (GRAPHIC) — 278KB
• 0001038074-25-000003.txt ( ) — 10516KB
• slab-20241228.xsd (EX-101.SCH) — 60KB
• slab-20241228_cal.xml (EX-101.CAL) — 114KB
• slab-20241228_def.xml (EX-101.DEF) — 270KB
• slab-20241228_lab.xml (EX-101.LAB) — 881KB
• slab-20241228_pre.xml (EX-101.PRE) — 580KB
• slab-20241228_htm.xml (XML) — 1440KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 26 Item 1C. Cybersecurity 26 Item 2.

Properties

Properties 27 Item 3.

Legal Proceedings

Legal Proceedings 27 Item 4. Mine Safety Disclosures 27 Part II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 Item 6. [Reserved] 29 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 36 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 37 Item 9A.

Controls and Procedures

Controls and Procedures 37 Item 9B. Other Information 38 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 38 Part III Item 10. Directors, Executive Officers and Corporate Governance 39 Item 11.

Executive Compensation

Executive Compensation 39 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 39 Item 13. Certain Relationships and Related Transactions, and Director Independence 39 Item 14. Principal Accounting Fees and Services 39 Part IV Item 15. Exhibits and Financial Statement Schedules 40 Item 16. Form 10–K Summary 42 Cautionary Statement Except for the historical financial information and statements that relate solely to historical facts contained herein, the matters discussed in this report on Form 10-K (as well as documents incorporated herein by reference) may be considered "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include declarations regarding the intent, belief or current expectations of Silicon Laboratories Inc. and its management and may be signified by the words "believe," "estimate," "expect," "intend," "anticipate," "plan," "project," "will" or similar language. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. Actual results could differ materially from those indicated by such forward-looking statements. Factors that could cause or contribute to such differences include those discussed under "Risk Factors" and elsewhere in this report. Silicon Laboratories disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 1 Table of Contents Part I

Business

Item 1. Business Overview Silicon Laboratories Inc. is a leader in secure, intelligent wireless technology for a more connected world. Our integrated hardware and software platform, intuitive development tools, industry-leading ecosystem, and robust support help customers build advanced industrial, commercial, home, and life applications. We make it easy for developers to solve complex wireless challenges throughout the product lifecycle and get to market quickly with innovative solutions that transform industries, grow economies, and improve lives. We are pioneers in wireless innovation and have spent over two decades simplifying the complexity of radio frequency ("RF") from silicon to cloud. Our leading platform, purpose-built for the Internet of Things ("IoT"), helps customers quickly create secure, intelligent, connected devices. Our team and technology assist customers in solving development challenges, including energy efficiency, to build connected devices for applications that support better health, innovative infrastructure, and sustainable cities. Our semiconductor devices leverage standard complementary metal oxide semiconductor ("CMOS"), a low-cost, widely available process technology. CMOS technology enables smaller, more cost-effective, and energy-efficient solutions. Our software expertise allows us to develop products for markets where intelligent data capture, high-performance processing, and communication are increasingly important product differentiators. We also focus design and engineering efforts on technologies that simplify and accelerate customer adoption of security features engineered into our silicon chips. Our expertise in analog-intensive, mixed-signal integrated chip ("IC") design in CMOS, as well as in software development allows us to create new and innovative products that are highly integrated and secure, simplifying our customers' designs and improving their time-to-market. Industry Background The Internet of Things is about

View Full Filing

View this 10-K filing on SEC EDGAR