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What is Silicom's gross profit margin?

What is Silicom's latest dividend and current dividend yield?

What is the market's earnings forecast for Silicom next quarter?

What is the revenue and EPS growth rate for Silicom year over year?

What does Silicom do and what are its main business segments?

What were the key takeaways from Silicom’s earnings call?

- **Revenue Growth**: Q4 2025 revenue up 17% YoY to $16.9 million, driven by design win expansion.
- **Strategic Wins**: Customer revenue nearly triples to $8-10 million, highlighting recurring growth model.
- **New Markets**: Tackling $80+ billion AI inference, $3+ billion PQC, and $6+ billion white label switching markets.
- **Financial Strength**: $111 million in cash and marketable securities, no debt, with 30.2% gross margin.
- **2026 Outlook**: Q1 guidance of 18% YoY growth, targeting double-digit annual expansion.

**【CEO Summary Section】**
- **Q4 2025 Revenue Performance**: $16.9 million, up 17% YoY, exceeding guidance of $15-16 million.
- **Design Win Momentum**: 8 major new design wins in 2025, including a customer expanding annual revenue from $3-4 million to $8-10 million.
- **New Growth Engines**:
  - **AI Inference Networking**: Initial orders and POCs with hyperscalers, targeting a $80+ billion market by 2030.
  - **Post-Quantum Cryptography (PQC)**: Production-ready hardware solutions with two leading customers, addressing a $3+ billion market by 2030.
  - **White Label Switching**: Shipped initial platforms to a cybersecurity leader, targeting a $6+ billion market by 2030.
- **2026 Outlook**: Q1 guidance of $16.5-17.5 million (18% YoY growth), with double-digit annual growth expected.

**【CFO Financial Commentary】**
- **Q4 Financials**: Non-GAAP net loss of $1.9 million; gross margin 30.2% (vs. 29.1% YoY), operating expenses $7.5 million (6% YoY increase due to currency headwinds).
- **Balance Sheet Strength**: $111 million in working capital and marketable securities, including $74 million in cash, with no debt.

**【Q&A Highlights】**
- **Growth Engine Timing**: All three opportunities in early stages, but leveraging existing IP and customer relationships for faster scaling.
- **Sales and R&D Strategy**: Current team size and expertise sufficient; no significant new R&D investment required.
- **AI Inference Use Cases**: Solving networking bottlenecks for distributed inference at edge, telco, and enterprise data centers.

Silicom Ltd. (SILC) Q4 2025 Earnings Call Transcript

- **Design Win Momentum**: 8 design wins year-to-date, nearing 2025 target of 7-9, with 2026 target of 7-9 new wins.
- **Revenue Growth**: Q3 2025 revenue $15.6 million, Q4 guidance $15-16 million, supporting 2026 double-digit growth.
- **Financial Strength**: Gross margin improved to 31.8%, $76 million cash reserves, and no debt.
- **Strategic Opportunities**: AI applications in NICs and FPGAs, telecom spending on edge systems, and PQC leadership driving long-term growth.

**【CEO Summary Section】**
- Achieved 8 major design wins year-to-date, nearing the upper end of the 2025 target range of 7-9 design wins.
- 2026 target set at 7-9 new design wins across FPGA, Edge, and SmartNICs, driven by strong customer engagement.
- Q3 2025 revenue of $15.6 million, within guidance, with Q4 2025 revenue expected in the $15 million to $16 million range.
- Key design wins include a $4 million annual customer for Edge systems, a $1 million annual customer for edge devices, and a $3 million annual customer for 5G/WiFi connectivity solutions.
- Post-quantum cryptography (PQC) solution secured a $2 million annual run rate with a global application delivery leader.
- Strong balance sheet with $114 million in working capital and $76 million in cash, supporting long-term growth.
- Long-term goal of achieving EPS above $3 with revenue scaling to $150 million to $160 million.

**【CFO Financial Commentary】**
- Q3 2025 revenue of $15.6 million, up 6% year-over-year, with non-GAAP gross margin of 31.8% (vs. 28.8% in Q3 2024).
- Operating expenses of $7.4 million, higher due to currency weakness, resulting in a net loss of $2.1 million.
- Cash reserves of $76 million (no debt), representing $20 per share, providing financial flexibility.

**【Q&A Highlights】**
- AI opportunities in high-speed NICs (400-gig), FPGAs for proprietary protocols, and edge inference systems.
- Telecom service providers and OEMs are investing in Silicom's products for next-generation infrastructure, with design win potential in the pipeline.

Silicom Ltd. (SILC) Q3 2025 Earnings Call Transcript

- **Design Win momentum**: 3 major Q2 wins drive 2026+ pipeline, with 5 total so far vs. 7-9 2025 target
- **Financial strength**: $80M cash, 31.9% gross margin, $116M working capital
- **Growth outlook**: 2026+ targeting $150-160M revenue, EPS >$3
- **Strategic areas**: AI acceleration, hardware-based ADC, cybersecurity hardware solutions

**【CEO Summary Section】**
- Q2 2025 revenue of $15 million (midpoint of guidance), up 4% YoY, driven by 3 major Design Wins:
  - FPGA Smart NIC with a Fortune 500 cloud provider ($4M+ annual potential)
  - 100G NIC with a global network test equipment leader ($2.5M+ ramp-up)
  - Customized Edge system with a U.S. edge networking provider (multi-million $ run rate)
- Cash and equivalents increased by $3M to $80M, with total working capital of $116M
- 2026+ outlook: Double-digit revenue growth targeting $150-160M in 2026, with EPS >$3
- 2025 pipeline: 5 Design Wins to date (vs. 7-9 target), with 15%+ customer concentration

**【CFO Financial Commentary】**
- Q2 2025 non-GAAP results:
  - Revenue: $15M (4% YoY growth)
  - Gross margin: 31.9% (vs. 29.7% YoY), at high end of 27-32% target range
  - Operating expenses: $7.2M (3.8% YoY increase due to currency headwinds)
  - Net loss: $2M (vs. $0.9M YoY)
- Balance sheet: $116M in working capital, including $41M inventory and $80M cash
- 2025 guidance: Low single-digit revenue growth, transitioning to double-digit in 2026+

**【Q&A Key Highlights】**
- **Cybersecurity market**: Growing despite consolidation, with Silicom well-positioned in hardware acceleration
- **ADC market shift**: Increasing preference for hardware-based solutions (e.g., F5's results) aligns with Silicom's FPGA and Smart NIC portfolio
- **AI infrastructure**: New FPGA-based products targeting AI training/inference clusters, with discussions underway
- **Competitive environment**: No material impact on gross margins; focus on differentiation through custom solutions

Silicom (SILC)-31 Jul 25-2025 Q2 Earnings call transcript

- **Design Win Momentum**: 3 new wins in Q1 2025, with $7.5M annualized revenue potential at full ramp.
- **Growth Pathway**: 2026 double-digit growth expected, targeting $150-160M revenue by 2026+.
- **Financial Resilience**: $119M cash & marketable securities, operating expenses down 2% YoY.
- **FPGA Innovation**: Strategic partnership with Eideticom to deliver post-quantum encryption solutions.
- **Shareholder Value**: $8M remaining in buyback program, ~700,000 shares repurchased since Q1 2024.

**【CEO Strategic Overview】**
- Q1 2025 Revenue: $14.4 million, in line with targets.
- 3 New Design Wins Secured: 
  1. Network Testing Equipment Provider ($2.5M/year at full ramp)
  2. Cybersecurity Leader (Altera-based FPGA Smart NIC, $3M/year)
  3. Custom Edge System for Major Cybersecurity Customer ($2M/year)
- 2026 Growth Outlook: Double-digit revenue growth expected.
- Long-Term Goals: EPS > $3 on $150-160M annual revenue.
- Pipeline Strength: 7-9 design wins targeted for 2025, with 3 already achieved.
- Gross Margin Target: 27-32% in short-to-medium term, expanding with scale.

**【CFO Financial Highlights】**
- Q1 2025 Financials (Non-GAAP): 
  - Revenue: $14.4M (flat YoY)
  - Gross Margin: 30.3% (vs 28.5% Q1 2024)
  - Operating Expenses: $6.7M (down 2% YoY)
  - Net Loss: $2.1M (narrowed 12% YoY)
- Balance Sheet: $119M in working capital & marketable securities, $77M cash.
- Customer Concentration: Top 2 customers account for ~24% of revenue.

**【Q&A Key Takeaways】**
1. Design Win Milestones: 
   - Development & customization phase
   - Customer greenlight for mass production
   - Post-deployment customer satisfaction validation
2. FPGA Demand: Strong interest in Altera-based solutions, evidenced by recent design win & Eideticom partnership for post-quantum encryption.
3. Tariff Impact: Current products exempt, monitoring fluid trade policy environment.
4. Inventory Dynamics: Some customers still working through excess inventory, but early signs of normalization in 2025.
5. Share Buyback: $8M remaining in program, ~100,000 shares purchased in Q1 2025.

Silicom (SILC)-28 Apr 25-2025 Q1 Earnings call transcript

- **Q4 2024 Results**: Revenue $14.5M, cash generation $17.3M (65% used for $10M share buyback). 2025 revenue growth expected in low-single-digits, with 2026+ double-digit growth.
- **Major Design Wins**: $5M+ annual run rate from 2026 via new cybersecurity and networking partnerships.
- **Balance Sheet Strength**: $121M working capital, no debt, $21M per share in cash/assets.
- **Gross Margin Outlook**: 27-32% range to stabilize as new design wins ramp up.
- **Strategic Momentum**: 7-9 new design wins targeted for 2025, with 4-5 year product lifecycles.
- **AI & FPGA Growth**: Edge AI in PoC phase; FPGA expanding into streaming/security with higher-margin opportunities.

**【CEO Summary Section】**
- **Q4 2024 Financial Highlights**: Revenue of $14.5 million (mid-range of guidance), 2024 cash generation of $17.3 million (65% used for $10M share buyback). 2025 revenue expected to grow in low-single-digits, with strong double-digit growth from 2026.
- **Strategic Progress**: 2 major design wins announced:
  1. Cybersecurity Company: $2M annual run rate from 2026, leveraging edge systems + NIC integration.
  2. Global Networking Leader: $3M+ annual run rate from 2026, sole edge hardware provider.
- **Pipeline Ambition**: Targeting 7-9 new design wins in 2025, with 4-5 year product lifecycles. Long-term goal: EPS >$3 at $150-160M revenue.
- **Balance Sheet Strength**: $121M working capital + marketable securities (including $79M cash), no debt.

**【CFO Financial Commentary】**
- **Q4 2024 Financials**: 
  - Revenue: $14.5M (down 23% YoY)
  - Gross Margin: 29.1% (up 110bps YoY)
  - Operating Loss: $2.7M (wider than $1.5M YoY)
  - Net Loss: $3.4M (vs $0.5M YoY)
- **Cash Flow & Share Buyback**: $10M spent on 650K shares in 2024. Free cash flow generation continues despite near-term revenue challenges.
- **Gross Margin Outlook**: 27-32% range expected to stabilize as new design wins ramp up from 2026.

**【Q&A Key Takeaways】**
1. **Design Win Contract Length**: Typically 4-5 years, with discussions for next-gen products starting near end of lifecycle.
2. **Competitive Advantage**: Early access to new silicon, full-stack solutions (hardware + software), and unique ability to integrate NICs/FPGAs into edge systems.
3. **AI & Edge Computing**: Currently in PoC phase at edge; more traction in data centers through existing customer relationships.
4. **FPGA Growth**: High-frequency trading remains core, but expanding into streaming, security, and network equipment. FPGA products expected to maintain higher-than-average gross margins.

Silicom Ltd. (SILC) Q4 2024 Earnings Call Transcript

Silicom (SILC)-31 Oct 24-2024 Q3 Earnings call transcript

Silicom (SILC)-29 Jul 24-2024 Q2 Earnings call transcript

Silicom (SILC)-2 May 24-2024 Q1 Earnings call transcript

Silicom (SILC)-1 Feb 24-2023 Q4 Earnings call transcript

Silicom (SILC)-26 Oct 23-2023 Q3 Earnings call transcript

- **Q2 Growth**: 12% YoY revenue to $38.1 million, driven by edge networking and server adapter wins.
- **Cash Strength**: $63 million cash, accelerating $15 million share buyback plan.
- **Strategic Initiatives**: Edge AI product line with Hailo, white-label switches, and SASE partnerships.
- **Q3 Caution**: $30-31 million guidance reflects inventory correction and macro uncertainty.
- **Long-Term Optimism**: $8 billion edge AI market, early-stage design wins, and SASE growth potential.

**【CEO Summary Section】**
- **Q2 2023 Revenue**: $38.1 million, up 12% YoY, driven by edge networking and server adapter products.
- **Inventory Management**: Reduced inventory by $10 million QoQ, targeting normalized levels as supply chains stabilize.
- **Cash Position**: $63 million (up $10 million QoQ), with no debt, enabling accelerated share buybacks under the $15 million plan.
- **Strategic Wins**: 
  - Selected by a leading U.S. telecom provider for a $5 million edge networking product, with potential multi-year scaling.
  - Two server adapter design wins with a Tier 1 cybersecurity vendor, expected to ramp in 2024.
  - New Edge AI product line with Hailo, targeting the $8 billion edge AI market by 2032.
- **Q3 Guidance**: Revenue $30-31 million (down 18-24% YoY), reflecting customer inventory digestion and cautious macro outlook.
- **Long-Term Outlook**: Optimistic on edge AI, white-label switches, and SASE growth, with design wins in early ramp-up stages.

**【CFO Financial Commentary】**
- **Q2 Financials**: 
  - GAAP Net Income: $4.5 million (down 4% YoY), EPS $0.66.
  - Non-GAAP Gross Margin: 32% (down 400bps YoY due to product mix).
  - Operating Expenses: $7.5 million (flat YoY), with continued investment in R&D and sales.
- **Balance Sheet**: 
  - Cash: $63.3 million.
  - Share Buybacks: $0.9 million QoQ, total $44 million since 2020.
- **Customer Concentration**: 79% of revenue from North America, top 3 customers account for 30% of sales.

**【Q&A Key Highlights】**
- **Revenue Visibility**: CEO Liron Eizenman states "low visibility" for next 12-18 months, with inventory correction expected to last several quarters.
- **Seasonality**: Unlikely to see typical Q4 seasonality due to macro uncertainty.
- **Cost Management**: OpEx expected to remain stable (~$30 million/year), with focus on long-term growth investments.
- **Baseline Growth**: CEO estimates ~$35 million quarterly run rate post-inventory correction, but cautious on timing.
- **Risk Factors**: Economic uncertainty, customer inventory levels, and slower-than-expected design win ramps.


Actual									0.31	0.26	0.41	0.56	0.42	0.42	0.52	0.65	0.44	0.7	1.01	0.98	0.61	0.66	0.3	-0.07	-0.38	-0.14	-0.28	-0.58	-0.37	-0.35	-0.36	-0.34
Forecast									0.19	0.26	0.35	0.46	0.36	0.34	0.45	0.57	0.41	0.5	0.7	0.9615	0.6	0.6605	0.235	-0.0286	-0.2954	-0.3517	-0.32	-0.32	-0.37	-0.4	-0.3643	-0.3678	-0.36
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+63.16%	0.00%	+17.14%	+21.74%	+16.67%	+23.53%	+15.56%	+14.04%	+7.32%	+40.00%	+44.29%	+1.92%	+1.67%	-0.08%	+27.66%	-144.76%	-28.64%	+60.19%	+12.50%	-81.25%	0.00%	+12.50%	+1.18%	+7.56%	0.00%

SILC

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SILC Q1 2026 Earnings Preview

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SILC

SILC fundamentals

SILC Q1 2026 Earnings Preview

Earnings Call

SILC Earnings Call Summary for Q1/2026Upcoming9:00 AM on Apr 30, 2026

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SILC Earnings Call Summary for Q2/20259:00 AM on Jul 31, 2025

SILC Earnings Call Summary for Q1/20259:00 AM on Apr 28, 2025

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