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. reports developments in high-performance networking and data infrastructure solutions for cloud, data center and edge environments. The company designs, manufactures, markets and supports products such as high-speed server adapters, hardware offloading and acceleration engines, AI NICs, FPGA-based smart cards, Post Quantum Cryptography hardware accelerators, white-label switches and Edge CPEs.
Recurring company updates include customer design wins, initial orders and product selections for AI inference infrastructure, secure communications, streaming infrastructure and cyber security platforms. Silicom also issues earnings releases, conference-call notices and investor-conference announcements that discuss revenue trends, its design-win pipeline and demand for Edge, Smart NIC and FPGA offerings.
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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