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 (SILC) delivers mission-critical networking solutions for cloud environments and edge infrastructure. This news hub provides investors and technology professionals with direct access to official announcements and market-moving developments.
Track earnings disclosures, product innovation timelines, and strategic partnerships through verified press releases. Our curated collection features updates on server adapter deployments, FPGA technology advancements, and enterprise cybersecurity solutions - all essential for evaluating SILC's position in data infrastructure markets.
Key content includes quarterly financial results, OEM design wins, and R&D milestones impacting next-gen networking architectures. Bookmark this page to monitor how Silicom's high-speed adapters and edge systems support evolving 5G, IoT, and cloud security requirements across global markets.
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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