Silicom Ltd. (NASDAQ:SILC) Q4 2022 Earnings Conference Call January 30, 2023 9:00 AM ET Company Participants Liron Eizenman - Chief Executive Officer Eran Gilad - Chief Financial Officer Kenny Green - GK Global Investor Relations Conference Call Participants Alex Henderson - Needham & Co. Shawn Boyd - Next Mark Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom Fourth Quarter 2022 Results Conference Call. All participants are at present in listen-only mode. Following ma ...

Silicom Limited (NASDAQ:SILC) Q3 2022 Earnings Conference Call October 31, 2022 9:00 AM ET Company Participants Liron Eizenman - Chief Executive Officer Eran Gilad - Chief Financial Officer Ehud Helft - GK Global Investor Relations Conference Call Participants Alex Henderson - Needham & Co. Shawn Boyd - Next Mark Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom third quarter 2022 results conference call. All participants are at present in listen-only mode. Following m ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 13% year-over-year, reaching $34 million for Q2 2022, which is at the center of the expected guidance range [11] - Net income increased by 61% year-over-year to $4.7 million, resulting in earnings per share of $0.70, a significant 67% increase compared to the previous year [12][29] - Gross profit for Q2 2022 was $12.3 million, with a gross margin of 36%, slightly above the previous year's gross margin of 35.8% [27] Business Line Data and Key Metrics Changes - The company experienced strong demand across its full product range, particularly in the SD-WAN segment, which is contributing significantly to revenues [16][19] - The backlog at the end of Q2 2022 reached record levels, indicating robust future revenue potential [12][14] Market Data and Key Metrics Changes - Geographical revenue breakdown showed North America contributing 69%, Europe and Israel 25%, and the rest of the world 6% [25] - The company’s top three customers accounted for about 25% of total revenue over the last 12 months, indicating a reliance on a limited number of customers [25] Company Strategy and Development Direction - The company is focusing on the fast-growing edge market and the developing 5G/O-RAN market, where it has established strong capabilities and competitive advantages [16][18] - A strategic increase in inventory was made to support expected product sales and ensure component availability, viewed as a competitive advantage [15][87] Management's Comments on Operating Environment and Future Outlook - Management noted that the global component shortages have stabilized, with expectations for improvement in component availability during the first half of 2023 [14][58] - The company anticipates continued revenue growth in Q3 2022, with guidance set between $38 million and $40 million, reflecting an 18% increase year-over-year [21][22] Other Important Information - The company has no debt and reported cash, cash equivalents, and marketable securities totaling $48.1 million as of June 30, 2022 [29] - The management emphasized the importance of maintaining operational efficiency despite ongoing supply chain challenges [13] Q&A Session Summary Question: Comments on the cost side and operating expenses - Management acknowledged the impact of the strong dollar on international revenues and noted a decrease in operating expenses, which they expect to remain stable in the second half of the year [33][36] Question: Backlog and project stability - Management confirmed that there has been no immediate impact on projects due to macroeconomic conditions, with a strong backlog indicating continued demand [39][40] Question: Stock buyback plans - The previous buyback plan ended in April, and management is currently focusing on building inventory rather than renewing the buyback [49][50] Question: Component constraints and inventory - Management indicated that while the component situation has stabilized, they do not expect significant improvements until 2023, and they are currently managing inventory to support customer needs [58][87] Question: Competitive landscape and pricing - Management noted that while there is competition, their strong relationships and innovative products position them well in the market [78][80]

onnectivity Solutions Innovative Solutions Tailor Made Solutions 字 0 Off-the-shelf Products Investor Presentation July 28, 2022 2 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, expectat ...

Silicom Ltd. (NASDAQ:SILC) Q1 2022 Earnings Conference Call April 28, 2022 9:00 AM ET Company Participants Ehud Helft - GK Investor Relations Shaike Orbach - CEO Eran Gilad - CFO Conference Call Participants Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom First Quarter 2022 Results Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. You should have all received by now the company's press release. If you have not received it, please con ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of eve ...

Silicom Ltd (NASDAQ:SILC) Q4 2021 Earnings Conference Call January 27, 2022 9:00 AM ET Company Participants Kenny Green - CCG Investor Relations Yeshayahu Orbach - CEO, President & Director Eran Gilad - CFO & Company Secretary Conference Call Participants Alexander Henderson - Needham & Company Operator Welcome to the Silicom Fourth Quarter 2021 Results Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. You should have all received by now the company's press release. ...

Financial Data and Key Metrics Changes - The company reported a 9% sequential growth and a year-over-year growth of 16% in revenues to $32.9 million for Q3 2021 [10] - Net income for the quarter was $3.6 million, an increase of 23% year-over-year, with earnings per share at $0.52, a 37% increase year-over-year [11][33] - Operating profit increased by 61% year-over-year, demonstrating strong operating leverage [11] - The company had over $66 million in net cash on the balance sheet at the end of the quarter [12][34] Business Line Data and Key Metrics Changes - The company experienced growing demand from both SD-WAN and 5G markets, with significant initial purchase orders from a major networking equipment provider [14][15] - The growth in the SD-WAN space has led to a steady stream of designs and new customer wins [16] - The company is optimistic about the O-RAN market, expecting significant growth contributions in the coming years [19] Market Data and Key Metrics Changes - Geographical revenue breakdown showed North America at 65%, Europe and Israel at 29%, and the Far East and rest of the world at 6% [29] - The top three customers accounted for about 35% of revenues over the last 12 months [29] Company Strategy and Development Direction - The company focuses on fast-growing networking market segments and continues to invest in R&D to provide timely products and solutions [13] - The strategy includes leveraging strong relationships with telcos and service providers to capitalize on the shift towards disaggregation and decoupling in network components [17][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the ongoing global shortage of electronic components, which is expected to intensify through 2022 [20][25] - Despite supply challenges, the company believes it can maintain high growth rates due to strong demand for its products [25] - For Q4 2021, the company expects revenues between $34 million and $36 million, representing approximately 18% growth over 2020 [26] Other Important Information - The company has executed a $15 million share buyback program, purchasing $3.2 million in shares during the quarter [12][34] - The gross profit for Q3 2021 was $11.3 million, with a gross margin of 34.3% [31] Q&A Session Summary Question: Impact of supply constraints on gross margins - Management indicated that the most serious impact of material shortages is on delivery ability rather than margins, as customers are generally willing to absorb cost increases [40] Question: Revenue impact from component availability - Management estimated that with 100% component availability, the revenue delta could be in the millions for the year [42] Question: Traditional business performance - Management confirmed an increase in orders from traditional customers, despite challenges in delivery due to material shortages [51] Question: Long-term revenue aspirations - Management acknowledged that the $250 million revenue goal could be conservative and may need to be updated based on current demand [66][70] Question: Status of the Intel partnership - The partnership with Intel remains strong, with ongoing collaboration in the 5G space [71] Question: FPGA design wins - Management noted that the FPGA sales cycle is longer, but there are ongoing proof of concept projects with major customers [72][75]

Silicom Ltd. (NASDAQ:SILC) Q2 2021 Earnings Conference Call July 29, 2021 9:00 AM ET Company Participants Ehud Helft - Investor Relations Shaike Orbach - Chief Executive Officer Eran Gilad - Chief Financial Officer Conference Call Participants Alex Henderson - Needham & Company Sergi Mascaró - Private Investor Robert Sussman - Bentley Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom Second Quarter 2021 Results Conference Call. [Operator Instructions] As a reminder, th ...

Silicom Ltd. (NASDAQ:SILC) Q1 2021 Results Conference Call April 29, 2021 9:00 AM ET Company Participants Ehud Helft - GK IR Shaike Orbach - CEO Eran Gilad - CFO Conference Call Participants Robert Sussman - Bentley Capital Alex Henderson - Needham & Company Operator Ladies and gentlemen, thank you for standing by. Welcome to the Silicom First Quarter 2021 Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. You should have all received by now the CompanyÂ's pre ...