Silicon Laboratories Inc. (SLAB) jumped 49.15 percent, or $67.15, to $203.77 on Wednesday, after reporting strong revenue growth and significantly reduced losses.
Fourth quarter revenue rose to $208.2 million from $166.2 million a year earlier, while full-year revenue increased to $784.8 million from $584.4 million. The quarterly net loss narrowed sharply to $2.7 million, or $0.08 per share, compared with a loss of $23.8 million, or $0.73 per share, last year.
The stock opened at $205.29 and traded between $203.94 and $207.50 on the Nasdaq. Trading volume surged to about 3.06 million shares, well above the average of 292,308.
SLAB's 52-week range is $82.82 to $207.50, with shares now trading near the top of that range.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.