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 provider of high-performance networking and data infrastructure solutions, and its news flow reflects this focus on Cloud, Data Center and edge environments. Company press releases frequently highlight new Design Wins, quarterly financial results and participation in investor conferences, offering insight into how its technology is adopted by cloud providers, service providers, telcos and OEMs.
News updates often describe customers such as global networking and security-as-a-service leaders, SASE solution providers, network optimization vendors, application delivery market leaders and edge-based networking providers for multi-site businesses. These items detail how Silicom Edge systems, Edge Networking devices, Smart NICs and FPGA-based cards are selected as platforms or components in next-generation appliances and services.
Investors and analysts following SILC can use this news page to track announcements about quarterly and annual results, guidance updates, and management commentary on Design Win momentum and product pipelines. Releases also cover topics such as Post-Quantum Cryptography-related FPGA Smart Cards for SSL hardware acceleration, as well as customized Edge devices designed to enhance scalability, security and efficiency.
Because Silicom files Form 6-K reports that attach its press releases, many of these news items are also referenced in its SEC filings. For anyone researching Silicom stock, the news feed provides a centralized view of the company’s recent customer engagements, financial performance disclosures and strategic communications.
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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