Silicon Laboratories Inc. reported earnings results for the first quarter ended March 30, 2024. For the first quarter, the company reported sales was USD 106.38 million compared to USD 246.79 million a year ago. Net loss was USD 56.53 million compared to net income of USD 13.97 million a year ago.

Basic loss per share from continuing operations was USD 1.77 compared to basic earnings per share from continuing operations of USD 0.44 a year ago. Diluted loss per share from continuing operations was USD 1.77 compared to diluted earnings per share from continuing operations of USD 0.41 a year ago.