Silicom (NASDAQ: SILC) outlines AI, PQC and white-label switching strategy

Rhea-AI Filing Summary

Silicom Ltd. filed a Form 6-K to furnish an investor presentation outlining its strategy and financial position. The company targets three structural growth areas: AI inference, post-quantum cryptography, and white-label switching, all built on more than 20 years of networking and hardware acceleration expertise.

Silicom reports a strong balance sheet as of December 31, 2025, with $74M in cash and cash equivalents, $111M in working capital and marketable securities (about $20 per share), no debt, and $117M in shareholders’ equity. Management highlights design wins and initial orders across all three focus markets, positioning these as incremental growth engines on top of a core business that exceeded 2025 expectations and is planning double-digit growth for 2026.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of January 2026

Commission File Number 000-23288

SILICOM LTD.

(Translation of Registrant’s name into English)

14 Atir Yeda St., Kfar-Sava 4464323, Israel

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___

Silicom Ltd. hereby furnishes its investor presentation under the cover of Form 6-K as Exhibit 99.1.

Attached hereto are the following exhibits:

Exhibit 99.1          Investor Presentation of Silicom Ltd.

This Form 6-K, including all exhibits hereto, is hereby incorporated by reference into all effective registration statements filed by the registrant under the Securities Act of 1933.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SILICOM LTD. (Registrant)
Date: January 29, 2026	By	/s/ Eran Gilad
	Eran Gilad
	Chief Financial Officer

 Silicom Connectivity Solutions  Venture Upside.  Public Access.  AI Inference  Post-Quantum Security  White-Label Switching  January 29, 2026  Investor Presentation 

 Safe Harbor Guidelines & Legal Notes  The information presented today contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements may include, but are not limited to, anticipated future financial and operating results and Silicom’s outlook and prospects. Those statements are based on management’s current beliefs, expectations and assumptions, which may be affected by subsequent business, political, environmental, regulatory, economic and other conditions, and are subject to known and unknown risks and uncertainties and other factors many of which are outside Silicom’s control, which might cause actual results to differ materially from expectations expressed or implied in the forward looking statements, and which include, but are not limited to, Silicom’s increasing dependence for substantial revenue growth on a limited number of customers, the speed and extent to which Silicom's solutions are adopted by the relevant markets, difficulty in commercializing and marketing of Silicom’s products and services, maintaining and protecting brand recognition, protection of intellectual property, competition, disruptions to its manufacturing, sales & marketing, development and customer support activities, the impact of the wars in Gaza and in the Ukraine, attacks on shipping by Huthis in the Red Sea, rising inflation, rising interest rates and volatile exchange rates, as well as any continuing or new effects resulting from the COVID-19 pandemic, and the global economic uncertainty, which may impact customer demand by encouraging them to exercise greater caution and selectivity with their short-term IT investment plans. The factors noted above are not exhaustive. Further information about the company’s businesses, including information about factors that could materially affect Silicom’s results of operations and financial condition, are discussed in our Annual Report on Form 20-F and other documents filed by the Company and that may be subsequently filed by the company from time to time with the Securities and Exchange Commission (the "SEC"). Therefore, there can be no assurance that actual future results will not differ significantly from anticipated results. Consequently, you are cautioned not to rely on these forward-looking statements. Silicom does not undertake to update any forward-looking statements as a result of new information or future events or developments except as may be required by law. Financial information as presented herein, may be considered "non-GAAP financial measures" under Regulation G and related reporting requirements promulgated by the SEC as they apply to Silicom. Please refer to Silicom’s disclosure documents filed or furnished with the SEC, including Silicom’s Annual Reports on Form 20-F and/or quarterly reports on Form 6-K, for a reconciliation of non-GAAP measures to the most directly comparable GAAP measures. Silicom provides such non-GAAP data to investors as supplemental data and not in substitution of or replacement for, GAAP measures. 

 Venture Upside. Public Access.  Positioned to deliver venture-style upside  across AI inference, post-quantum cybersecurity, and white-label switching markets  Trusted by industry leaders for complex, high-performance hardware solutions  Silicom: An Established Public Company with Startup-Like Upside  20+  Built on 20+ years of IP, engineering excellence, and execution at scale 

 The Investment Thesis  Market Scale  Large and expanding market opportunities: Al inference ($80-100B), PQC ($3-4B), and WLS ($6-7B) by 2030  $74M cash, $111M working capital and marketable securities (~$20 per share), no debt, and $117M in shareholders equity  Financial Strength  The Opportunity  Venture-style upside in public markets with exposure to three high-growth markets: Al inference, Post-Quantum Cryptography, and White-Label Switching  Proven execution platform with 20+ years of IP development, engineering, and delivery of high-performance networking and hardware acceleration solutions  The Foundation  Early Proof  Demonstrable execution traction across all three opportunities, including design wins, initial orders, and advanced customer engagements  Customer Leverage  A large, global, loyal Tier-1 customer base enabling scalable adoption and long-term growth 

 Three Tectonic Shifts in Technology lnfrastructure  Rapidly growing demand for efficient, scalable inference infrastructure as AI focus and investments shift from training to inference at scale  AI INFERENCE  An inevitable, mandatory transition as quantum threats force a global replacement of legacy cryptography  POST-QUANTUM   CYBERSECURITY  Network Disaggregation expanding well beyond hyperscalers, enabling new challengers to proprietary incumbents  WHITE-LABEL   SWITCHING  These are large TAMs undergoing structural-not cyclical-change, where early positioning is critical 

 Core Business Ahead of Plan -  Upsides Build on Strength, Not Repair a Weakness  Core Business Momentum  2025 exceeded expectations; resilient demand  Double-digit growth planned for 2026 is on track  Design-win momentum consistent with 6-year strategic plan  The Strategic Context  The three upside opportunities (AI, PQC, WLS) are incremental growth engines  Not a response to underperformance  Designed to enhance momentum, not distract from execution 

 AI lnference: The Next Phase of AI Monetization  The Shift  ~$80-100B by 2030  AI-Inference hardware/chip TAM ($B)  ~$50-60B by 2027  AI economics are rapidly shifting from training-centric to inference-driven  Recent multi-billion-dollar investments & acquisitions highlight the strategic value of inference infrastructure  Fragmented inference deployments (versus centralized training) create demand for specialized networking solutions  The Opportunity  Inference infrastructure is expected to represent the majority of long-term AI compute spend  Expands the opportunity well beyond hyperscalers to new specialized platforms and architectures 

 Solving the Critical AI lnference Networking Bottleneck  Execution Traction (Proof Points)  We solve the core problem: Ultra-low-latency networking between chipsets, cards, and servers  Deep IP, know-how, and experience delivering high-speed, low-latency solutions for Tier-1 customers  Our Right to Win (Proven Expertise & Credibility)  Inference-Optimized FPGA-based Solution: Already deployed at customer PoC level  Inference-Specific NIC (AI-NIC) Solution: ln design, based on a leading high-performance networking chip  Customer 1: First orders placed for utilizing our Inference-Optimized FPGA-based solution at a PoC with a hyperscaler end user  Customer 2: Finalizing commercial terms for a commitment to our custom AI-NIC solution   Pipeline: Advanced discussions with several additional AI chip companies  Our Solutions (Existing Market Proof) 

 Post-Quantum Cryptography (PQC):   A Forced Global Upgrade  The Shift  ~$1-1.5B  2030  2026  The Opportunity  ~$3-4B  Driven by security risk and regulatory pressure, not technology cycles  Long replacement cycles across government and finance create multi-year embedded revenue opportunities  Quantum computing threatens all existing public-key cryptography  Governments and enterprises must transition to quantum-resistant standards  This migration is mandatory, not discretionary 

 A Production-Ready Solution for an Inevitable Transition  Execution & Timing Advantage  Our Solution (Differentiated & Ready)  One of the only mature, end-to-end hardware-based PQC accelerator solutions currently available  Delivers clear economic advantages versus alternative approaches  Our Right to Win  (Strong Legacy in Crypto Acceleration)  We are an established supplier of hardware accelerators for current public-key cryptography  Backward compatibility and migration complexity favor our proven, experienced platform  The "Harvest now, decrypt later'' threat is driving immediate adoption  Our FPGA-based solution allows flexible remote updates as standards evolve  Traction: Selected by two leading customers for early deployments; robust and growing pipeline 

 White-Label Switching (WLS): Infrastructure Disruption  The Opportunity  White-Label Switching vs. Proprietary lncumbents Market Share Transition  The Shift  Network operators are transitioning from proprietary hardware to disaggregated, white-label solutions  This trend mirrors prior industry transitions in servers and storage  Adoption is expanding well beyond hyperscalers into enterprises and service providers  Ongoing cost pressure and growing demand for flexibility are fueling the transition  Creates a clear opportunity to capture share from entrenched proprietary incumbents  White-Label Switching  Proprietary Incumbents  ~$7-9B  ~$12-15B 

 A Natural Extension of Our Core Expertise  Our Solution (Leveraging Core Expertise)  White-Label Switching  We are already a leading supplier of white-label networking solutions, including Edge servers, SD-WAN, and SASE platforms  IP, know-how, and customer relationships are directly transferable to switching  Our Right to Win (Market Credibility and Timing)  Leverages our established reputation as a trusted white-label networking provider  Switching costs support durable customer relationships once we are embedded  Silicom  White-Label Platform  (Edge, SD-WAN, SASE)  Execution Traction  Designed and shipped initial quantities of three WLS platform types to a leading security customer  Pipeline: Active discussions with additional customers on follow-on opportunities 

 A Foundation Built on 20+ Years of High-Performance Execution  20+ Years delivering high-performance networking, edge compute, hardware accelerators, and FPGA-based solutions  Global Presence:  USA (~75%), EMEA, APAC  Proven Engineering & IP coupled with strong, repeatable customer relationships forming a deep pipeline  Leading supplier of Edge/CPE units,  SD-WAN/SASE systems, Smart NICs, and FPGA-based cards  200+ Global Customers including Tier-1 Market Leaders 

 A Fortress Balance Sheet to Fund Growth and De-Risk lnvestment  Provides flexibility to invest in growth while maintaining a conservative financial profile  * As of December 31st, 2025  Cash & Cash Equivalents  Working Capital + Marketable Securities  Total Debt  Shareholders Equity  $74M  $111M (~$20/share)  $0  $117M 

 A Stable, Growing Core Business Powering New Opportunities  Three Structural Growth Markets    Uniquely positioned at the intersection of Al Inference, PQC, and White-Label Switching  Venture-Style Upside   Early execution and design wins demonstrate a clear path to capturing a share of massive TAMs  Public Market Access   Built on the de-risked foundation of a growing core business with a fortress balance sheet and 20+ years of Tier-1 customer trust  The Convergence: A Unique Investment Profile 

 Venture Upside. Public Access. 

FAQ

What is Silicom Ltd. (SILC) highlighting in its latest Form 6-K investor presentation?

Silicom Ltd. is highlighting its growth strategy focused on AI inference, post-quantum cryptography, and white-label switching. The presentation emphasizes its 20+ years of networking and hardware acceleration experience, strong Tier-1 customer base, and using its established core business as a platform for these three incremental growth engines.

How strong is Silicom Ltd.’s (SILC) balance sheet according to the investor presentation?

Silicom reports a very conservative balance sheet with $74M cash and cash equivalents, $111M in working capital and marketable securities (about $20 per share), no debt, and $117M in shareholders’ equity as of December 31, 2025, providing flexibility to fund growth while maintaining a cautious financial profile.

Which high-growth markets does Silicom Ltd. (SILC) target for venture-style upside?

Silicom targets three high-growth markets: AI inference, post-quantum cryptography, and white-label switching. The presentation cites large potential market sizes by 2030 and describes design wins, initial orders, and advanced customer discussions as early proof points supporting its ambition for venture-style upside in public markets.

What execution traction does Silicom Ltd. report in AI inference solutions?

Silicom reports early AI inference execution traction through an inference-optimized FPGA-based networking solution already deployed at customer proof-of-concept level and a custom AI-NIC solution in design. It notes first orders for a hyperscaler-related PoC and advanced discussions with several additional AI chip companies.

How is Silicom Ltd. (SILC) positioned in post-quantum cryptography (PQC)?

Silicom positions itself as an early PQC hardware accelerator provider, offering a mature end-to-end solution with economic advantages. It leverages its legacy in crypto acceleration, supports remote updates as standards evolve, and notes selection by two leading customers for early deployments plus a growing pipeline.

What role does white-label switching play in Silicom Ltd.’s growth strategy?

White-label switching is a key expansion area that extends Silicom’s existing white-label networking expertise. The company has designed and shipped initial quantities of three white-label switching platform types to a leading security customer and is in active discussions on follow-on opportunities as network operators move away from proprietary hardware.