Silicom Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw 33% revenue growth, strong core business momentum, and four major design wins, with guidance raised for both Q2 and the full year. Inventory was increased to mitigate supply risks, and significant AI inference revenue is expected in 2027.
Fiscal Year 2025
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Q4 2025 revenue rose 17% year-over-year to $16.9 million, with strong design win momentum and a robust pipeline supporting double-digit growth expectations for 2026. Three new growth engines—AI inference, post-quantum cryptography, and white label switching—are in early stages, while the balance sheet remains strong with $74 million in cash and no debt.
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Q3 2025 saw strong design win momentum, with eight major wins year-to-date and revenue up 6% year-over-year to $15.6M. Gross margin reached 31.8%, and guidance anticipates double-digit growth in 2026, supported by robust customer engagement and a solid balance sheet.
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Q2 2025 revenue grew 4% year-over-year to $15M, with strong design win momentum and a robust balance sheet. Guidance calls for Q3 revenue of $15–16M and double-digit growth from 2026, driven by new wins in cloud, networking, and AI markets.
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Q1 2025 revenue and margins met targets, with improved losses and strong design win momentum. The company maintains a robust balance sheet, continues share buybacks, and expects low single-digit growth in 2025, accelerating to double digits in 2026.
Fiscal Year 2024
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Q4 2024 revenue declined year-over-year, but gross margin improved and cash generation remained strong. Design Win momentum and a robust pipeline support expectations for stable 2025 revenue and double-digit growth from 2026, with a strong balance sheet and active share repurchases.
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Q3 2024 revenue declined year-over-year due to customer inventory overhang, resulting in a net loss, but a strong balance sheet and expanding pipeline support long-term growth. Guidance anticipates flat near-term revenue, with significant growth expected from 2026 as new design wins ramp.
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Q2 2024 saw revenue and margins decline year-over-year amid prolonged sales cycles and customer inventory digestion. The company maintains a strong balance sheet, continues share buybacks, and expects flat revenues through 2025, with growth and break-even projected for 2026.