KFAR SAVA, Israel, May 28, 2025 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of networking and data infrastructure solutions, today announced that it has secured a major FPGA Smart NIC win from a new customer, a Fortune 500 cloud-based service provider located in North America. The customer selected the Silicom card after a year-long process which included a thorough technical evaluation. Silicom is currently in the process of customizing the card's off-the-shelf version to match the cust ...

WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report.................... ☐ SHELL COMPANY REPORT PURSUANT TO ...

Off-the-Shelf Products Investor Presentation April 28, 2025 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, po ...

Silicom (SILC) Q1 2025 Earnings Call April 28, 2025 09:00 AM ET Company Participants Kenny Green - Investor RelationLiron Eizenman - President & CEOEran Gilad - Chief Financial OfficerDonald McKiernan - CEO, Co-CCO & Owner Conference Call Participants Ryan Koontz - Senior AnalystChristoffer Bjørnsen - Equity Research Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom First Quarter twenty twenty five Results Conference Call. All participants are present in listen only mo ...

Silicom (SILC) Q1 2025 Earnings Call April 28, 2025 09:00 AM ET Company Participants Kenny Green - Investor RelationLiron Eizenman - President & CEOEran Gilad - Chief Financial OfficerDonald McKiernan - CEO, Co-CCO & Owner Conference Call Participants Ryan Koontz - Senior AnalystChristoffer Bjørnsen - Equity Research Analyst Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom First Quarter twenty twenty five Results Conference Call. All participants are present in listen only mo ...

KFAR SAVA, Israel, April 28, 2025 /PRNewswire/ -- Silicom Ltd. (NASDAQ: SILC), a leading provider of high-performance networking and data infrastructure solutions, today reported its financial results for the first quarter ended March 31, 2025. Financial Results Silicom's revenues for the first quarter of 2025 were $14.4 million, unchanged compared with the revenues for the first quarter of 2024. On a GAAP basis, the company's net loss for the quarter totalled $2.8 million, or $0.49 per ordinary share (basi ...

Core Viewpoint - Silicom Ltd. has secured a significant contract with a global provider of advanced network testing equipment, which will enhance its revenue and market presence in the networking solutions sector [1][2][3]. Company Overview - Silicom Ltd. is a leading provider of high-performance networking and data infrastructure solutions, focusing on improving performance and efficiency in Cloud and Data Center environments [4]. - The company's solutions are designed to increase throughput, decrease latency, and enhance the performance of servers and networking appliances, supporting advanced Cloud architectures and technologies like NFV, SD-WAN, and Cyber Security [4]. Recent Developments - An existing customer has placed an initial purchase order for Silicom's 100 gigabit NICs, with mass deployment expected to begin in early 2026, potentially increasing annual business with this customer to $2.5 million [2][3]. - The CEO of Silicom emphasized the importance of innovation and reliability in their NICs, which has led to this renewed partnership [3]. Strategic Focus - The company aims to build long-term relationships with customers, contributing to a diversified revenue stream and increasing shareholder value [3]. - Silicom has established trusted relationships with over 200 customers globally and has more than 400 active Design Wins, positioning itself as a preferred partner for technology leaders [6].

Company Overview - Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions, primarily designed to enhance performance and efficiency in Cloud and Data Center environments [4][5] - The company's solutions aim to increase throughput, decrease latency, and boost the performance of servers and networking appliances, which are essential for advanced Cloud architectures and technologies like NFV, SD-WAN, and Cyber Security [4] Upcoming Financial Results - Silicom Ltd. will release its first quarter 2025 results on April 28, 2025, at 9:00am Eastern Time [1][2] - A conference call will be held on the same day to review and discuss the results, with management available to answer investors' questions [2] Participation Details - Investors can participate in the conference call via a webcast link on Silicom's website or by dialing in using provided teleconferencing numbers [2] - A replay of the call will be available for three months following the event on the company's website [3] Customer Relationships - Silicom has established long-term relationships with over 200 customers globally, with more than 400 active Design Wins and over 300 product SKUs, making it a preferred connectivity and performance partner for technology leaders [6]

Core Insights - Silicom Ltd. has secured a significant design win with a US-based cyber security leader, resulting in an initial order for its Altera-based 400G FPGA Smart Card, with full ramp-up expected to generate $3 million annually [1][3]. Group 1: Design Win and Collaboration - The design win is the result of extensive collaboration between Silicom and the customer, focusing on fine-tuning the product's features and performance [2]. - Silicom's engineering team is viewed as an extension of the customer's R&D, highlighting the value of hands-on collaboration [2]. Group 2: Product and Market Position - The next-generation FPGA smart card is recognized as being at the forefront of networking technology innovation, affirming Silicom's competitive edge [3]. - Silicom positions itself as a full-service supplier, providing a comprehensive solution that includes advanced technology and rapid development capabilities [3]. Group 3: Long-term Strategy and Customer Relationships - The design win contributes to Silicom's momentum in securing multi-year deals, aligning with its strategic plan to enhance long-term revenue visibility [3]. - Silicom maintains trusted relationships with over 200 customers globally and has achieved more than 400 active design wins, establishing itself as a preferred partner in connectivity and performance [6].

Core Viewpoint - Silicom Ltd. reported a significant decline in revenues for both the fourth quarter and full year of 2024, while also showing improvements in net loss compared to the previous year, indicating ongoing challenges but potential for future growth driven by strategic initiatives and customer engagements [2][4][7]. Financial Results - Fourth quarter revenues for 2024 were $14.5 million, down from $18.8 million in Q4 2023 [2]. - The GAAP net loss for Q4 2024 was $4.4 million, or $0.76 per share, compared to a net loss of $35.0 million, or $5.35 per share, in Q4 2023 [2]. - On a non-GAAP basis, the net loss for Q4 2024 was $3.4 million, or $0.58 per share, compared to a net loss of $0.5 million, or $0.07 per share, in Q4 2023 [3]. - For the full year 2024, revenues were $58.1 million, down from $124.1 million in 2023 [3]. - The GAAP net loss for 2024 was $12.0 million, or $1.99 per share, compared to a net loss of $26.4 million, or $3.94 per share, in 2023 [4]. - On a non-GAAP basis, the net loss for 2024 was $8.3 million, or $1.37 per share, compared to net income of $10.2 million, or $1.52 per share, in 2023 [4]. Cash Generation and Share Repurchase - In 2024, the company generated approximately $17.3 million in cash and invested over half of that, around $10 million, in repurchasing approximately 650,000 shares [5]. Guidance - Management projects first quarter 2025 revenues to range from $14 million to $15 million, with low single-digit growth expected in 2025 and strong double-digit growth anticipated from 2026 [6]. Management Comments - The President and CEO highlighted progress in strategic plans and design win momentum, indicating potential for mid-to-long-term revenue growth despite short-term challenges [7]. - Recent customer engagements are expected to lead to recurring revenues, providing a solid foundation for future growth [7]. - The company aims for an EPS above $3 based on annual revenues of $150 - $160 million, supported by a strong financial platform and ongoing share repurchase initiatives [7].