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 Ltd. (NASDAQ: SILC) reported strong financial results for Q4 and full year 2020. Q4 revenues increased by 33% to $33.9 million year-over-year, with non-GAAP net income at $4.0 million or $0.56 per diluted share. For the full year, revenues totaled $107.4 million, up from $105.2 million in 2019, but GAAP net income declined to $5.7 million or $0.80 per share. Management projects Q1 2021 revenues between $28 to $29 million, expecting 30% growth year-over-year, driven by demand for Smart Platforms and Cards.
Silicom Ltd. (NASDAQ: SILC) announced a significant design win from a leading telco for its vRAN FEC Accelerator card, aimed at enhancing 5G networks. Initial purchase orders exceeding $1.5 million have been placed, with expected revenues around $3 million for 2021. This collaboration will involve two major server manufacturers, expanding sales opportunities. CEO Shaike Orbach highlighted this win as a key step in capitalizing on the growing mobile market, leveraging Silicom's 5G expertise and strong relationships with industry players.
Silicom Ltd. (NASDAQ: SILC) will release its fourth quarter and full year results on January 28, 2021. A conference call will take place at 9:00 am Eastern Time the same day, allowing management to discuss results and answer investors' questions. Investors can listen via a webcast or dial in using provided numbers. Silicom specializes in high-performance networking and data infrastructure solutions for Cloud and Data Center environments, serving over 170 customers worldwide.
Silicom Ltd. (NASDAQ: SILC) reported Q3 2020 revenues of $28.4 million, marking a 23% sequential increase and an 18% year-over-year rise. Net income reached $2.1 million or $0.29 per diluted share, a 60% increase sequentially. For the first nine months, revenues totaled $73.5 million, down from $79.7 million in the same period last year, with net income at $4.9 million. Guidance for Q4 projects revenues between $30 million and $31 million. The management highlights opportunities in the emerging Mobile market as a significant growth driver.
Silicom Ltd. (NASDAQ: SILC) has been selected by a Tier 1 Mobile Operator to provide next-generation Distribution Units for field trials supporting 4G and 5G deployments. This architecture, based on Silicom's Edge Units, will integrate their vRAN Dedicated Accelerator card and Time Synchronization card, developed in collaboration with Intel. The CEO stated that successful trials could generate tens of millions in revenue. Silicom aims to leverage its comprehensive solutions for large-scale infrastructure projects in the growing 4G/5G market.
Silicom Ltd. (NASDAQ: SILC) announced three new uCPE device wins with top-tier telcos, projected to generate approximately $10 million in annual revenue once deliveries stabilize. This achievement stems from a two-year collaboration with an SD-WAN software vendor that began with a major healthcare chain tender. The partnership has accelerated marketing efforts leading to these wins, with further growth potential from the telcos and associated system integrators. CEO Shaike Orbach noted the rising demand for their unique solutions in the SD-WAN sector.
Silicom Ltd. (NASDAQ: SILC) announced it will release its third quarter results on October 29, 2020, followed by a conference call at 9:00am Eastern Time. Investors can join via a webcast or by phone. The company's solutions cater to Cloud and Data Center environments, enhancing performance and efficiency. Silicom maintains strong partnerships with over 170 customers, having significant presence in NFV, SD-WAN, and Cyber Security sectors.
Silicom Ltd. (NASDAQ: SILC) reported Q2 2020 revenues of $23.0 million, down from $25.4 million in Q2 2019. GAAP net income was $1.3 million ($0.18 per share), a decrease from $2.3 million ($0.30 per share) a year prior. For the first six months, revenues totaled $45.1 million versus $55.6 million in H1 2019. GAAP net income was $2.8 million ($0.38 per diluted share), down from $5.9 million ($0.77 per diluted share). Management forecasts Q3 revenues of $26 to $27 million, reflecting cautious optimism amidst ongoing supply chain disruptions.
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.