• Silicon Laboratories average gross margin for 2023 was 60.47%, a 3.17% decline from 2022.
• Silicon Laboratories average gross margin for 2022 was 62.45%, a 8.74% decline from 2021.
• Silicon Laboratories average gross margin for 2021 was 57.43%, a 0.74% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.