Shares of Silicon Laboratories (SLAB) are soaring 5.09% in pre-market trading on Tuesday following the company's release of its first-quarter 2025 financial results, which surpassed analysts' expectations. The semiconductor company reported a narrower loss and higher revenue compared to the same period last year, while also providing an optimistic outlook for the second quarter.
For Q1 2025, Silicon Labs posted an adjusted loss of $0.08 per share, beating the consensus estimate of a $0.09 loss. Revenue surged 67% year-over-year to $177.7 million, slightly above analysts' projections of $177.5 million. The company's Industrial & Commercial segment saw a 47% increase in revenue to $96 million, while the Home & Life business doubled its revenue to $82 million.
Looking ahead, Silicon Labs provided a positive outlook for Q2, expecting revenue between $185 million and $200 million, which is in line with or potentially exceeding the current analyst consensus of $188.1 million. The company also forecasts Q2 adjusted earnings ranging from a loss of $0.01 to a profit of $0.19 per share, compared to analysts' expectations of $0.03 per share. This upbeat guidance, coupled with the strong Q1 performance, appears to be driving investor enthusiasm and contributing to the stock's pre-market surge.
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