Welcome to our dedicated page for Silicom news (Ticker: SILC), a resource for investors and traders seeking the latest updates and insights on Silicom stock.
Silicom Ltd (NASDAQ: SILC) is a leading provider of high-performance networking and data infrastructure solutions, specializing in enhancing the performance and efficiency of server-based systems and cloud environments. The company’s extensive product portfolio includes server adapters, edge networking solutions, FPGA-based cards, x86 open appliances, bypass switches, and TAPs.
Silicom's products are designed to increase throughput, decrease latency, and boost the performance of network appliances used in cybersecurity, network monitoring and analytics, traffic management, application delivery, WAN optimization, and high-frequency trading solutions. Their solutions are vital for data centers and cloud implementations deploying advanced technologies like virtualization, SDN, NFV, SD-WAN, and SDI.
In addition to its core offerings, Silicom provides complete appliance solutions for cloud CPE and edge applications, catering to the emerging IoT market. Their server adapter product family includes a variety of high-speed multi-port network interface cards and intelligent server adapters based on switches, FPGAs, and network processors.
Financially, Silicom has demonstrated robust performance. For the first half of 2023, the company reported revenues of $75.3 million, marking a 14% increase year-over-year. However, they faced challenges in Q3 2023, with revenues dropping to $30.1 million compared to $39.2 million in Q3 2022 due to inventory drawdowns by customers and macroeconomic headwinds.
Despite these short-term hurdles, Silicom remains optimistic about its long-term prospects. They have a solid cash position with $63 million in cash and no debt as of Q2 2023. The company has also announced a $15 million share repurchase plan, reflecting confidence in its future growth potential.
Recent achievements include significant design wins and initial orders for their advanced edge platforms, partnerships with leading AI and cybersecurity companies, and continuous expansion into new market segments. Silicom's management is committed to a strategic plan aimed at increasing EPS gradually to above $3 by 2028, focusing on core businesses, reducing expenses, and aggressive share buybacks.
Silicom’s innovative solutions are trusted by major cloud players, service providers, telcos, and OEMs globally, reinforcing its position as a key player in the industry. For more information, visit www.silicom.co.il.
Silicom (NASDAQ: SILC) reported Q4 2024 financial results with revenues of $14.5 million, down from $18.8 million in Q4 2023. The company posted a GAAP net loss of $4.4 million ($0.76 per share) compared to a $35.0 million loss in Q4 2023.
For full-year 2024, revenues declined to $58.1 million from $124.1 million in 2023, with a GAAP net loss of $12.0 million ($1.99 per share). The company generated $17.3 million in cash during 2024 and invested approximately $10 million to repurchase ~650,000 shares.
Looking ahead, management projects Q1 2025 revenues between $14-15 million, with low single-digit growth expected in 2025. The company anticipates strong double-digit growth starting from 2026, targeting EPS above $3 based on annual revenues of $150-160 million.
Silicom (NASDAQ: SILC) has secured a design win from a major US-based cyber security customer for an advanced Edge system. The customer projects reaching a full run-rate of approximately $2 million per year by the second half of 2025. The deal involves a customized version of Silicom's wireless connectivity-enabled Edge system with an integrated Network Interface Card.
The customer, which initially purchased network adapters from Silicom, has expanded its relationship to include complex Edge devices. The system will be implemented as the next generation of one of the customer's leading product lines. Discussions are ongoing regarding additional Silicom products for other product lines.
Silicom (NASDAQ: SILC), a provider of high-performance server/appliances networking solutions, has announced the scheduled release of its fourth quarter and full year 2024 financial results on Thursday, January 30, 2025. The company will host a conference call at 9:00 AM Eastern Time on the same day, where management will review and discuss the results and address investor questions.
Investors can participate either through a webcast link on Silicom's website (https://www.silicom-usa.com/webcasts/) or via telephone dial-in. The call will be accessible from the US (1 866 860 9642), Israel (03 918 0609), and internationally (+972 3 918 0609). A replay of the call will be available for three months following the live event on Silicom's website.
Silicom (NASDAQ: SILC) has secured a significant Design Win from a global networking and security-as-a-service leader, becoming their exclusive Edge Networking hardware provider. The deal, which emerged from discussions initiated a year ago, is expected to generate $3-4 million in annual revenue by 2026. The agreement includes several products, notably Silicom's newest Edge Networking solutions pre-integrated with Network Interface Cards.
Initial deliveries are scheduled to begin in the second half of 2025. The standardization of Silicom's Edge devices across all Edge deployment scenarios positions the company for additional Design Wins that could significantly boost annual sales. This development validates Silicom's renewed sales strategy and broad product portfolio.
Silicom (NASDAQ: SILC) reported Q3 2024 financial results with revenues of $14.8 million, down from $30.1 million in Q3 2023. The company posted a GAAP net loss of $2.6 million ($0.44 per share) compared to net income of $1.2 million in Q3 2023. For the first nine months of 2024, revenues were $43.6 million versus $105.4 million in 2023. The company generated $14 million in cash and spent $8.6 million on share repurchases. Management projects Q4 2024 revenues between $14-15 million, with low single-digit growth expected in 2025 and 20-30% compound annual growth rate from 2026.
Silicom (NASDAQ: SILC), a provider of high-performance server/appliances networking solutions, has announced the release of its third quarter 2024 results on Thursday, October 31, 2024. The company will host a conference call on the same day at 9:00am Eastern Time to review and discuss the results, as well as answer investor questions.
Investors can participate via a webcast link on Silicom's website or through a dial-in option. The webcast will be available under the investor relations' webcast section at https://www.silicom-usa.com/webcasts/. For those dialing in, the following numbers are provided: US: 1 866 860 9642, ISRAEL: 03 918 0609, INTERNATIONAL: +972 3 918 0609.
A replay of the call will be available for three months after the live call on Silicom's website.
Silicom (NASDAQ: SILC) reported Q2 2024 financial results and provided an update on its Strategic Plan. Key points:
- Q2 2024 revenues: $14.5 million (vs $38.1 million in Q2 2023)
- Q2 2024 GAAP net loss: $(1.5) million, or $(0.25) per share
- Q2 2024 non-GAAP net loss: $(0.9) million, or $(0.14) per share
- H1 2024 revenues: $28.9 million (vs $75.3 million in H1 2023)
- Generated $13 million cash in H1 2024, invested $6.6 million in share repurchases
- Q3 2024 revenue guidance: $14-15 million
- Extended Strategic Plan by one year, expecting 20-30% annual growth from 2026
- Targeting over $3 EPS on annual revenues of $150-160 million
Silicom (NASDAQ: SILC) will release its second quarter 2024 results on July 29, 2024. A conference call is scheduled for the same day at 9:00am ET, where management will discuss the results and address investors' questions. Investors can join via webcast on Silicom's website or dial in using provided teleconferencing numbers. A replay will be available for three months post-event.
Silicom reported a total revenue of $14.4 million for Q1 2024, with a net loss of $(3.4) million on a GAAP basis. The company projects Q2 2024 revenues to range from $15 million to $17 million and anticipates full-year revenues of approximately $70 million. Additionally, Silicom announced a new one-year $15 million share buyback program. Management notes an impressive $13 million positive operating cash flow for the quarter and aims for 20% compound annual growth, with EPS increasing to above $3 by 2028.
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