Silicom's Second Quarter 2020 Results Release Scheduled For July 29, 2020

Rhea-AI Summary

Silicom Ltd. (NASDAQ: SILC) will release its second quarter results on July 29, 2020, at 9:00 AM Eastern Time. A conference call will follow, where management will discuss the results and answer investor questions. Investors can participate via a webcast on Silicom's website or by dialing in using the provided numbers. Silicom, known for high-performance networking solutions, serves over 170 customers globally and has numerous active design wins. Forward-looking statements in the release note risks including reliance on a limited number of customers and market adoption speeds.

Positive

• Scheduled release of second quarter results on July 29, 2020.
• Management will provide insights and answer questions on the conference call.

Negative

• Increasing dependence on a limited number of customers for revenue growth.
• Risks associated with market adoption of solutions in evolving markets.

KFAR SAVA, Israel, July 1, 2020 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), an industry-leading provider of high-performance server/appliances networking solutions, announced today that it will be releasing its second quarter results on Wednesday, July 29, 2020.

 

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The Company will be hosting a conference call that same day at 9:00am Eastern Time. On the call, management will review and discuss the results, and will also be available to answer investors' questions.

To participate, investors may either listen via a webcast link hosted on Silicom's website or via the dial-in. The link is under the investor relations' webcast section of Silicom's website at https://www.silicom-usa.com/webcasts/   

For those that wish to dial in via telephone, one of the following teleconferencing numbers may be used:

US: 1 888 407 2553

ISRAEL: 03 918 0610

INTERNATIONAL:  +972 3 918 0610

At: 9:00am Eastern Time, 6:00am Pacific Time, 4:00pm Israel Time

It is advised to connect to the conference call a few minutes before the start.

For those unable to listen to the live call, a replay of the call will be available for three months from the day after the call under the above-mentioned webcast section of Silicom's website.

About Silicom

Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. Designed primarily to improve performance and efficiency in Cloud and Data Center environments, Silicom's solutions increase throughput, decrease latency and boost the performance of servers and networking appliances, the infrastructure backbone that enables advanced Cloud architectures and leading technologies like NFV, SD-WAN and Cyber Security. Our innovative solutions for high-density networking, high-speed fabric switching, offloading and acceleration, which utilize a range of cutting-edge silicon technologies as well as FPGA-based solutions, are ideal for scaling-up and scaling-out cloud infrastructures.

Silicom products are used by major Cloud players, service providers, telcos and OEMs as components of their infrastructure offerings, including both add-on adapters in the Data Center and stand-alone virtualized/universal CPE devices at the edge.

Silicom's long-term, trusted relationships with more than 170 customers throughout the world, its more than 400 active Design Wins and more than 300 product SKUs have made Silicom a "go-to" connectivity/performance partner of choice for technology leaders around the globe.

For more information, please visit: www.silicom.co.il

Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties, or other factors not under the company's control, which may cause actual results, performance, or achievements of the company to be materially different from the results, performance, or other expectations implied by these forward-looking statements. These factors include, but are not limited to, Silicom's increasing dependence for substantial revenue growth on a limited number of customers in the evolving cloud-based, SD-WAN, NFV and Edge markets, the speed and extent to which solutions are adopted by these markets, likelihood that Silicom will rely increasingly on customers which provide solutions in these evolving markets, resulting in an increasing dependence on a smaller number of larger customers, difficulty in commercializing and marketing of Silicom's products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to our manufacturing and development along with general disruptions to the entire world economy relating to the spread of the novel coronavirus (COVID-19) and other factors detailed in the company's periodic filings with the Securities and Exchange Commission. These forward-looking statements can generally be identified as such because the context of the statement will include words, such as "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe future plans, objectives or goals are also forward-looking statements. In light of significant risks and uncertainties inherent in forward-looking statements, the inclusion of such statements should not be regarded as a representation by the company that it will achieve such forward-looking statements. The company disclaims any duty to update such statements, whether as a result of new information, future events, or otherwise.

Company Contact:    Eran Gilad, CFO Silicom Ltd.         Tel: +972-9-764-4555       E-mail: erang@silicom.co.il

Investor Relations Contact: Ehud Helft GK Investor Relations Tel: +1-646-201-9246 E-mail : silicom@gkir.com

View original content:http://www.prnewswire.com/news-releases/silicoms-second-quarter-2020-results-release-scheduled-for-july-29-2020-301086661.html

SOURCE Silicom Ltd.

FAQ

When will Silicom Ltd. release its second quarter 2020 results?

Silicom Ltd. will release its second quarter 2020 results on July 29, 2020.

What time is the Silicom Ltd. conference call scheduled for?

The conference call is scheduled for 9:00 AM Eastern Time on July 29, 2020.

How can investors participate in the Silicom Ltd. conference call?

Investors can participate via a webcast on Silicom's website or by dialing in using the provided numbers.

What are the risks mentioned in Silicom Ltd.'s press release?

The risks include increasing dependence on a limited number of customers and uncertainties regarding market adoption.

Where can I find more information about Silicom Ltd.'s products?

More information about Silicom Ltd.'s products can be found on their official website: www.silicom.co.il.