Technology
Splitit Ranked No. 1614 on the 2026 Inc. 5000 List, the Most Prestigious Ranking of America’s Fastest-Growing Private Companies
Published
3 hours agoon
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Company Recognized for 216% Three-Year Revenue Growth, Earning a Place Among the Nation’s Most Successful Independent Businesses
ATLANTA, Aug. 11, 2026 /PRNewswire/ — Splitit, the global leader in card-linked installment payments, today announced it has been ranked No. 1614 on the 2026 Inc. 5000 list, the annual list of the fastest-growing private companies in America. The list is the most prestigious ranking of the nation’s most successful independent and entrepreneurial businesses, recognizing companies that have achieved remarkable growth while driving innovation, creating jobs, and shaping the future of the economy. Past honorees include companies such as Microsoft, Meta, Chobani, Oracle, and Patagonia.
“Merchants and banks have been waiting for a better Buy Now Pay Later solution,” said Nandan Sheth, CEO of Splitit. “This ranking shows that the market is responding to our card-linked installments platform, which gives shoppers more flexibility without having to take on new risk while letting merchants retain the customer relationship.”
Splitit’s growth over the last three years tracked a deliberate expansion of who it serves and how, fueled by $50 million in growth funding received from Motive Partners in December 2023. The company deployed the capital to fund product development, strengthen its balance sheet, and establish several new lines of business:
In April 2024, Splitit launched FI-PayLater, giving banks and credit unions a way to offer installment plans directly at checkout instead of ceding that moment to BNPL providers.In March 2025, Splitit rolled out a fully embedded, white-label installment app for Shopify merchants, removing the need for a redirect or a separate application.
Splitit’s partnership footprint widened at the same time. In July 2025, Samsung integrated installment payments into Samsung Wallet, letting eligible Galaxy smartphone users split in-store purchases using their existing credit cards. That was the first time that card-linked installments were available at scale in U.S. physical retail. In October 2025, Splitit partnered with DXC Technology to bring installment payments to banks running DXC’s Hogan core banking platform, which serves more than 300 million accounts across 40-plus banks. That same month, Splitit announced an Agentic Commerce Partner Program, opening its card-linked installment technology to merchants and platforms building AI shopping agents.
That momentum has carried into 2026. In March, Splitit launched Splitit Go, extending card-linked installments into face-to-face sales for merchants in home services, healthcare, automotive and other industries that sell in person or over the phone. The same month, Splitit announced its support for Google’s Universal Commerce Protocol, an open standard that lets AI shopping agents complete purchases on a customer’s behalf. Most recently, Splitit and 1stMILE launched flexible point-of-sale installment payments to automotive service providers nationwide.
This year’s Inc. 5000 recognizes a new class of companies redefining what growth looks like. From AI and advanced manufacturing to healthcare, consumer products, and professional services, these businesses are expanding their impact, creating jobs and proving that entrepreneurial ambition continues to fuel the U.S. economy. Among the 5,000 companies on the list, the median three-year revenue growth rate was 130%, and those companies have collectively added more than 627,208 jobs to the U.S. economy over the past three years.
For the full Inc. 5000 list, honoree company profiles, and a searchable database by industry and location, please visit: www.inc.com/inc5000.
“Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still,” says Mike Hofman, editor-in-chief of Inc. “Their growth reflects more than strong financial performance–it reflects creativity, resilience, and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement.”
Inc. will celebrate the honorees at the 2026 Inc. 5000 Conference & Gala, taking place October 14–16 in Dallas, Texas and the top 500 will be listed in the Fall issue of Inc. Magazine. Tickets are on sale now.
Inc. 5000 List Methodology
Companies on the 2026 Inc. 5000 are ranked according to percentage revenue growth from 2022 to 2025. To qualify, companies must have been founded and generating revenue by March 31, 2022. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2025. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2022 is $100,000; the minimum for 2025 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc.
Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.
About Splitit
Splitit is the only global installment payments platform that lets shoppers use the credit they already have. By turning card-linked purchases into flexible installments, Splitit gives consumers a simple, transparent way to pay over time, while merchants get paid upfront. Merchants boost conversion and order value, while issuers drive card engagement and strengthen cardholder loyalty — all without third-party brand redirects or added risk. Trusted by leading brands across luxury retail, digital marketplaces, and technology, Splitit is used in more than 100 countries and powers embedded installments inside Samsung Wallet for seamless in-store payments worldwide. Learn more at Splitit.com.
The Harris Agency for Splitit
David Resnic or Chrissy Carney
splitit@theharris.agency
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SOURCE Splitit USA, Inc.
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Technology
The Future of News Has a Name: Meet ‘Hamilton’ from New York Post Media Group
Published
20 minutes agoon
August 11, 2026By
New York Post Media Group collaborates with Google Cloud to launch Hamilton, a personalized news experience built with the Gemini Enterprise Agent Platform
New experience brings conversational search, custom news digests and smarter discovery to readers of The New York Post and The California Post
NEW YORK and LOS ANGELES, Aug. 11, 2026 /PRNewswire/ — New York Post Media Group (NYPMG), home of The New York Post, The California Post, Page Six, Page Six Hollywood and Decider, today announced the launch of Hamilton, a free, personalized news experience that transforms how readers discover, consume, and engage with journalism. Developed with Google Cloud’s full-stack AI, including Gemini Enterprise Agent Platform, Hamilton is rolling out across The New York Post and The California Post apps, combining conversational search, personalized news digests, tailored recommendations, and intelligent notifications into a single reader experience built for the next era of news consumption.
As The New York Post approaches its 225th anniversary this fall, Hamilton represents the latest chapter in the brand’s long history of innovation, bringing cutting-edge technology to one of America’s most iconic media institutions, while maintaining the sharp reporting, distinctive voice, and editorial standards readers trust. Named for New York Post founder Alexander Hamilton, Hamilton reflects the organization’s continued commitment to serving readers as they discover and engage with journalism.
Hamilton serves as readers’ personal curator, creating a customized experience based on individual interests and reading habits. Through a dedicated Hamilton tab within The New York Post and The California Post apps, and also integrated throughout the entire app experience, readers can ask questions about stories and topics in a natural, conversational format; receive personalized news digests throughout the day; discover articles tailored to their interests; and engage more directly with The Post’s signature reporting and commentary.
Key features include:
Hamilton Search: An AI-powered, citation-backed conversational search experience that transforms years of Post reporting into an interactive dialogue. Readers can ask questions in natural language, explore developing stories through personalized follow-up prompts, and instantly access sourced answers and related coverage from across The Post’s newsroom. Built on Google Cloud’s secure-by-design infrastructure, and with Gemini and Agent Search on the Gemini Enterprise Agent Platform, Hamilton lets readers talk to The Post the same way they’d talk to a friend. This secure architecture ensures that conversational responses are grounded in The Post’s live newsroom database, delivering citation-backed, highly reliable interactions while ensuring The Post retains enterprise-grade protection over its high-value editorial assets.
Post Express: A dynamic, AI-powered news briefing that delivers personalized digests throughout the day based on each reader’s unique interests and habits. More than a traditional newsletter, Post Express intelligently surfaces the stories readers are most likely to care about, and sends them at the times each individual reader is most likely to engage, creating a truly personalized news experience.
Picked For You: A personalized discovery engine, powered by Google’s Recommendations AI, that continuously learns from reader interests and behavior to surface the stories, topics, and conversations most relevant to them. Unlike generic recommendation feeds, every experience is tailored to the individual reader, making no two Hamilton experiences exactly alike.
Post Voices: A customized destination showcasing commentary, analysis, and opinion from readers’ favorite New York Post and California Post columnists. By connecting audiences directly with the writers and viewpoints they engage with most, Post Voices creates a more personalized way to experience the ideas driving today’s biggest conversations. Unlike many AI-driven media experiences, all editorial content featured through Hamilton originates from Post journalism and remains subject to the newsroom’s editorial standards and oversight. Hamilton does not generate original news reporting or editorial perspectives.
Behind the Technology: Google Cloud’s Gemini Enterprise Agent Platform
Behind the scenes, Hamilton is built on Google Cloud’s secure-by-design infrastructure, Gemini Enterprise Agent Platform, and Google’s advanced Gemini models. Together, these tools allow the app to dynamically route, understand, and synthesize reader queries to deliver instant, citation-backed answers in The Post’s signature voice.
To keep pace with a non-stop, 24/7 newsroom, Google Cloud’s serverless data pipelines automatically power real-time metadata synchronization. This ensures newly published breaking news articles are ingested, indexed, and made searchable within seconds of publication.
“For nearly 225 years, The Post has evolved alongside the way people consume news, from print presses to smartphones and now to AI,” said Sean Giancola, Chief Executive Officer of New York Post Media Group. “Hamilton is the next evolution of that journey, creating a more personalized and conversational way for readers to discover, understand and engage with our journalism. It puts a personalized Post newsroom in your pocket, helping readers get to the stories they care about faster, go deeper on the topics they’re following and discover more of the journalism that keeps them coming back every day.”
“Readers don’t want more noise. They want more relevance, and The Post has always been at its best when it meets readers where they are,” said Keith Poole, editor-in-chief of New York Post Media Group. “Today, that means building experiences that help audiences discover, understand and engage with our journalism in entirely new ways. Hamilton allows readers to explore stories through conversation, creating a smarter and more intuitive way to navigate the news while maintaining the rigorous reporting, editorial judgment and unmistakable Post voice that set our journalism apart.”
“Hamilton is the result of rethinking how a modern news experience should work,” said Ariscielle Novicio, chief technology officer of New York Post Media Group. “Working with Google Cloud and leveraging Gemini Enterprise Agent Platform, we built a platform that can understand reader interests, personalize experiences in real time and create more intuitive ways to discover journalism. Our goal wasn’t simply to add AI features. It was to make The Post smarter, more engaging and more relevant for every individual reader.”
“New York Post Media Group is setting a new blueprint for global publishing by proving how news brands can use AI to deliver deeply personalized experiences that keep reader privacy and control at the center,” said Michael Clark, President of North America, Google Cloud. “Underpinned by Gemini Enterprise Agent Platform, Hamilton delivers a real-time, citation-backed conversational experience that respects the rigorous editorial standards of journalism while meeting the speed and scale of today’s newsrooms.”
To get started with Hamilton, download The New York Post or The California Post app from the App Store or Google Play, create a free account, and tap the Hamilton icon within the app.
About New York Post Media Group
New York Post Media Group is home to the oldest continuously-published daily newspaper in the United States, The New York Post, founded by Alexander Hamilton in 1801. The California Post is the company’s new West Coast news platform. In digital and in print, the California Post delivers sharp, engaging, straight-talking journalism for and about California. The New York Post Media Group portfolio also houses some of the nation’s premier digital destinations for news, sports, and entertainment, including the fabled Page Six gossip column, a world leader in breaking celebrity news that has evolved into its own iconic and powerful brand. The Post Digital Network is composed of the flagship NYPost.com, CaliforniaPost.com, PageSix.com, including Page Six Style, and Decider.com, covering streaming television and movies. The New York Post Media Group is owned by News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).
View original content to download multimedia:https://www.prnewswire.com/news-releases/the-future-of-news-has-a-name-meet-hamilton-from-new-york-post-media-group-302848852.html
SOURCE New York Post Media Group (NYPMG)
Technology
Prometheus Capital Management Corp. Promotes Nick Wetzel, CFP® to Vice President
Published
20 minutes agoon
August 11, 2026By
YARDLEY, Pa., Aug. 11, 2026 /PRNewswire/ — Prometheus Capital Management Corp. (“Prometheus Capital”), a SEC-registered investment advisor with $442 million in assets under management, today announced the promotion of Nick Wetzel, CFP®, to Vice President.
In his new role, Mr. Wetzel will lead the firm’s investment analysis, financial planning, and corporate development functions, working closely with the firm’s leadership team to deepen client relationships and guide Prometheus Capital’s continued growth.
“We are pleased to welcome Nick into a leadership capacity at the firm,” said Stephen Wetzel, President & CEO of Prometheus Capital. “His promotion reflects the depth of his contributions to our clients and to the firm, and his leadership of our investment analysis, planning, and corporate development functions will position Prometheus Capital to serve families with even greater capability in the years ahead.”
Mr. Wetzel’s promotion coincides with his completion of the Master of Business Administration program at Columbia Business School. Having balanced his graduate studies with his responsibilities at the firm on a part-time basis, Mr. Wetzel now returns to Prometheus Capital full time.
Prior to joining Prometheus Capital, Mr. Wetzel was an Investment Banking Analyst & Associate at Goldman Sachs & Co., where he advised on greater than $8 billion of announced deals, including over $6 billion of mergers & acquisitions, $500 million of equity, and $1 billion of debt transactions. He is a CERTIFIED FINANCIAL PLANNER™ professional and earned a B.S. in Finance, Summa Cum Laude, from Fordham University with a concentration in Value Investing.
“Prometheus Capital was built on the belief that families deserve independent, fiduciary advice delivered with genuine care,” said Nick Wetzel. “I’m honored to step into this role and to help carry that standard forward for the next generation of our clients.”
About Prometheus Capital Management Corp.
Prometheus Capital Management Corp. is a family-owned, SEC-registered investment advisor headquartered in Yardley, Pennsylvania. The firm provides investment management and comprehensive financial planning to individuals and families, and manages $442 million in assets under management. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. For more information, visit www.procap.net.
Media Contact:
Nick Wetzel
Prometheus Capital Management Corp.
+1 (215) 321-9312 | nwetzel@prometheuscapital.net
View original content:https://www.prnewswire.com/news-releases/prometheus-capital-management-corp-promotes-nick-wetzel-cfp-to-vice-president-302848867.html
SOURCE Prometheus Capital Management Corp.
Technology
Silicon Labs Reports Second Quarter 2026 Results
Published
20 minutes agoon
August 11, 2026By
Wireless IoT leader delivers $228 million in revenue and strong earnings growth
AUSTIN, Texas, Aug. 11, 2026 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, reported financial results for the second quarter, which ended July 4, 2026.
“We delivered revenue of $228 million, continuing our strong sequential and year-over-year growth – a testament to the execution and dedication of the Silicon Labs team,” said Matt Johnson, President and Chief Executive Officer. “Overall profitability improved meaningfully in the quarter, demonstrating the operating leverage inherent in our model. Gross margin was nearly 62%, reflecting the value customers place on our industry-leading solutions.”
Second Quarter Financial Highlights
Revenue was $228 million, up 18% year-over-yearIndustrial & Commercial revenue was $135 million, up 23% year-over-yearHome & Life revenue was $93 million, up 12% year-over-yearBookings and new orders accelerated, while inventory at both our distributors and end customers declinedMedical achieved record revenue in the quarter, up 78% year-over-yearTotal opportunity funnel and design wins both materially accelerated, reinforcing our durable growth trajectoryGAAP diluted loss per share was $(0.32), improving by 52% over the comparable period last yearNon-GAAP diluted earnings per share was $0.71, up 545% over the comparable period last year
Results on a GAAP basis:
GAAP gross margin was 61.6%GAAP operating expenses were $151 millionGAAP operating loss was $11 millionGAAP diluted loss per share was $(0.32)
Results on a non-GAAP basis, excluding the impact of stock compensation, amortization of acquired intangible assets, merger-related costs, and certain other items as set forth in the below GAAP to Non-GAAP reconciliation tables were as follows:
Non-GAAP gross margin was 61.9%Non-GAAP operating expenses were $114 millionNon-GAAP operating income was $27 millionNon-GAAP diluted earnings per share was $0.71
Due to the announced pending acquisition of Silicon Labs by Texas Instruments, Silicon Labs has suspended providing forward-looking guidance.
For more information: Silicon Labs Investor Relations, investor.relations@silabs.com
About Silicon Labs
Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power wireless connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding Silicon Labs’ current expectations, which are based on its current views and assumptions. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silicon Labs are intended to identify such forward-looking statements, although the absence of such words does not necessarily mean a statement is not forward looking. These forward-looking statements include, but are not limited to, Silicon Labs’ expectations regarding its near- and long-term strength and durable growth trajectory and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations that are expressed or implied herein. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are the following: our ability to complete the merger with Texas Instruments within the time frame expected, or at all, as well as potential disruptions in our business and restrictions on our activities during the pendency of the merger; fluctuating changes in global trade policies, including the imposition of tariffs, duties, trade sanctions, or other barriers to international commerce; the impact of the current global memory chip shortage; the competitive and cyclical nature of the semiconductor industry; the challenging macroeconomic environment, including disruptions in the financial services industry; geographic concentration of manufacturers, assemblers, test service providers and customers in Asia that subjects Silicon Labs’ business and results of operations to risks of natural disasters, epidemics or pandemics, war and political unrest; risks that demand and the supply chain may be adversely affected by military conflict (including in the Middle East, and between Russia and Ukraine), terrorism, sanctions or other geopolitical events globally (including in the Middle East, and conflict between Taiwan and China); risks that Silicon Labs may not be able to maintain its historical growth; quarterly fluctuations in revenues and operating results; difficulties developing new products that achieve market acceptance; risks associated with international activities (including trade barriers, particularly with respect to China); intellectual property litigation risks; risks associated with acquisitions and divestitures; product liability risks; difficulties managing and/or obtaining sufficient supply from Silicon Labs’ distributors, manufacturers and subcontractors; dependence on a limited number of products; absence of long-term commitments from customers; inventory-related risks; difficulties managing international activities; risks that Silicon Labs may not be able to manage strains associated with its growth; credit risks associated with its accounts receivable; dependence on key personnel; stock price volatility; the impact of public health crises on the U.S. and global economy; debt-related risks; capital-raising risks; the timing and scope of share repurchases and/or dividends; average selling prices of products may decrease significantly and rapidly; information technology risks; cyber-attacks against Silicon Labs’ products and its networks; risks associated with any material weakness in our internal controls over financial reporting; risks relating to compliance with laws and regulations; and other factors that are detailed in the SEC filings of Silicon Laboratories Inc. Silicon Labs disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. References in this press release to Silicon Labs shall mean Silicon Laboratories Inc.
Note to editors: Silicon Laboratories, Silicon Labs, the “S” symbol, and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders.
Silicon Laboratories Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per share data)
(Unaudited)
Three Months Ended
Six Months Ended
July 4,
2026
July 5,
2025
July 4,
2026
July 5,
2025
Revenues
$ 228,189
$ 192,845
$ 441,689
$ 370,559
Cost of revenues
87,515
84,736
174,017
164,673
Gross profit
140,674
108,109
267,672
205,886
Operating expenses:
Research and development
95,016
87,821
183,610
176,040
Selling, general and administrative
56,324
43,155
111,810
84,793
Operating expenses
151,340
130,976
295,420
260,833
Operating loss
(10,666)
(22,867)
(27,748)
(54,947)
Other income (expense):
Interest income and other, net
2,489
3,833
6,115
7,626
Interest expense
(251)
(251)
(483)
(535)
Loss before income taxes
(8,428)
(19,285)
(22,116)
(47,856)
Provision for income taxes
2,164
2,532
4,373
4,431
Net loss
$ (10,592)
$ (21,817)
$ (26,489)
$ (52,287)
Loss per share:
Basic
$ (0.32)
$ (0.67)
$ (0.80)
$ (1.61)
Diluted
$ (0.32)
$ (0.67)
$ (0.80)
$ (1.61)
Weighted-average common shares outstanding:
Basic
33,206
32,682
33,084
32,570
Diluted
33,206
32,682
33,084
32,570
Non-GAAP Financial Measurements
In addition to the GAAP results provided throughout this document, Silicon Labs has provided non-GAAP financial measurements on a basis excluding non-cash and other charges and benefits. Details of these excluded items are presented in the tables below, which reconcile the GAAP results to non-GAAP financial measurements.
The non-GAAP financial measurements do not replace the presentation of Silicon Labs’ GAAP financial results. These measurements provide supplemental information to assist management and investors in analyzing Silicon Labs’ financial position and results of operations. Silicon Labs has chosen to provide this information to investors to enable them to perform meaningful comparisons of past, present and future operating results and as a means to emphasize the results of core on-going operations.
Unaudited Reconciliation of GAAP to Non-GAAP Financial Measures
(In thousands, except per share data)
Three Months Ended
July 4, 2026
Non-GAAP Income Statement Items
GAAP
Measure
GAAP
Percent of
Revenue
Stock
Compensation
Expense
Intangible
Asset
Amortization
Merger-
Related Costs
Non-GAAP
Measure
Non-GAAP
Percent of
Revenue
Revenues
$ 228,189
Gross profit
140,674
61.6 %
$ 463
$ —
$ —
$ 141,137
61.9 %
Research and development
95,016
41.6 %
12,902
2,295
3,289
76,530
33.5 %
Selling, general and administrative
56,324
24.7 %
12,284
—
6,258
37,782
16.6 %
Operating expenses
151,340
66.3 %
25,186
2,295
9,547
114,312
50.1 %
Operating income (loss)
(10,666)
(4.7 %)
25,649
2,295
9,547
26,825
11.8 %
Three Months Ended
July 4, 2026
Non-GAAP Earnings (Loss) Per Share
GAAP
Measure
Stock
Compensation
Expense*
Intangible
Asset
Amortization*
Merger-
Related Costs*
Income
Tax
Adjustments**
Non-
GAAP
Measure
Net income (loss)
$ (10,592)
$ 25,649
$ 2,295
$ 9,547
$ (3,067)
$ 23,832
Shares Excluded Due to Net Loss
Diluted shares outstanding
33,206
504
33,710
Diluted earnings (loss) per share
$ (0.32)
$ 0.71
*
Represents pre-tax amounts
**
Represents the application of an 18% non-GAAP tax rate
Silicon Laboratories Inc.
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
(Unaudited)
July 4,
2026
January 3,
2026
Assets
Current assets:
Cash and cash equivalents
$ 362,191
$ 364,222
Short-term investments
35,051
79,400
Accounts receivable, net
79,801
64,513
Inventories
123,340
95,566
Prepaid expenses and other current assets
70,840
70,316
Total current assets
671,223
674,017
Property and equipment, net
130,902
128,643
Goodwill
376,389
376,389
Other intangible assets, net
18,541
23,130
Other assets, net
56,001
67,138
Total assets
$ 1,253,056
$ 1,269,317
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$ 52,407
$ 50,717
Deferred revenue and returns liability
5,176
5,359
Other current liabilities
66,563
87,711
Total current liabilities
124,146
143,787
Other non-current liabilities
34,108
31,112
Total liabilities
158,254
174,899
Commitments and contingencies
Stockholders’ equity:
Preferred stock – $0.0001 par value; 10,000 shares authorized; no shares issued
—
—
Common stock – $0.0001 par value; 250,000 shares authorized; 33,366 and 32,955
shares issued and outstanding at July 4, 2026 and January 3, 2026, respectively
3
3
Additional paid-in capital
184,456
157,402
Retained earnings
910,325
936,814
Accumulated other comprehensive income
18
199
Total stockholders’ equity
1,094,802
1,094,418
Total liabilities and stockholders’ equity
$ 1,253,056
$ 1,269,317
Silicon Laboratories Inc.
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
Six Months Ended
July 4,
2026
July 5,
2025
Operating Activities
Net loss
$ (26,489)
$ (52,287)
Adjustments to reconcile net loss to net cash provided by (used in) operating
activities:
Depreciation of property and equipment
12,171
12,701
Amortization of other intangible assets
4,589
8,780
Stock-based compensation expense
46,704
39,605
Deferred income taxes
1,663
1,504
Changes in operating assets and liabilities:
Accounts receivable
(15,289)
(2,017)
Inventories
(27,734)
24,631
Prepaid expenses and other assets
(803)
5,112
Accounts payable
2,051
12,812
Other current liabilities and income taxes
(7,925)
8,377
Deferred revenue and returns liability
(183)
783
Other non-current liabilities
1,667
(6,965)
Net cash provided by (used in) operating activities
(9,578)
53,036
Investing Activities
Purchases of marketable securities
—
(32,507)
Sales of marketable securities
—
14,986
Maturities of marketable securities
44,119
17,019
Purchases of property and equipment
(22,153)
(13,549)
Proceeds from capital-related government incentives
5,272
—
Net cash provided by (used in) investing activities
27,238
(14,051)
Financing Activities
Payment of taxes withheld for vested stock awards
(27,451)
(13,752)
Proceeds from the issuance of common stock
7,760
7,619
Net cash used in financing activities
(19,691)
(6,133)
Increase (decrease) in cash and cash equivalents
(2,031)
32,852
Cash and cash equivalents at beginning of period
364,222
281,607
Cash and cash equivalents at end of period
$ 362,191
$ 314,459
View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-labs-reports-second-quarter-2026-results-302848831.html
SOURCE Silicon Labs
The Future of News Has a Name: Meet ‘Hamilton’ from New York Post Media Group
Prometheus Capital Management Corp. Promotes Nick Wetzel, CFP® to Vice President
Silicon Labs Reports Second Quarter 2026 Results
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