Financial Results - Silicom's revenues for Q2 2025 were $15.0 million, a 3.4% increase from $14.5 million in Q2 2024 [2] - On a GAAP basis, the net loss for Q2 2025 was $3.3 million, or $0.59 per share, compared to a net loss of $1.5 million, or $0.25 per share, in Q2 2024 [2] - On a non-GAAP basis, the net loss for Q2 2025 was $2.0 million, or $0.35 per share, compared to a net loss of $0.9 million, or $0.14 per share, in Q2 2024 [3] - For the first half of 2025, revenues were $29.4 million, up from $28.9 million in the first half of 2024 [3] - The GAAP net loss for the first half of 2025 was $6.1 million, or $1.08 per share, compared to a loss of $4.9 million, or $0.80 per share, in the first half of 2024 [4] - On a non-GAAP basis, the net loss for the first half of 2025 was $4.1 million, or $0.71 per share, compared to a loss of $3.2 million, or $0.52 per share, in the first half of 2024 [4] Guidance - Management projects Q3 2025 revenues to range from $15 million to $16 million [5] - Growth for 2025 is expected to be in the low single digits, with a double-digit annual growth rate anticipated to begin gradually in 2026 [5] Management Comments - The President and CEO highlighted strong Design Win momentum and success across all product lines, achieving 5 major new Design Wins since the beginning of the year [6] - The company has a strong balance sheet, with working capital and marketable securities representing approximately $20 per share [6] - The Design Win funnel is broad, with opportunities for Edge systems, Smart NICs, and FPGA-based solutions [6] - The company expects to achieve double-digit revenue growth in 2026 and aims for an EPS above $3 on revenues of $150 to $160 million [6]

Financial Results - Silicom's revenues for Q1 2025 were $14.4 million, unchanged from Q1 2024 [2] - The GAAP net loss for Q1 2025 was $2.8 million, or $0.49 per share, compared to a net loss of $3.4 million, or $0.55 per share in Q1 2024 [2] - On a non-GAAP basis, the net loss for Q1 2025 was $2.1 million, or $0.37 per share, compared to a net loss of $2.4 million, or $0.38 per share in Q1 2024 [3] Guidance - Management projects Q2 2026 revenues to range from $14.5 million to $15.5 million [4] - Growth for 2025 is expected to be in the low single digits, with double-digit growth anticipated starting in 2026 [4] Management Comments - The CEO highlighted strong execution in Q1 2025, with significant Design Win momentum and a growing pipeline expected to accelerate revenue growth in 2026 and beyond [5] - The company secured three important new Design Wins from cybersecurity leaders and a global network test equipment company, indicating strong customer relationships and potential for recurring revenues [5] - The CEO expressed expectations to secure at least 4-6 additional Design Wins in 2025, contributing to future growth [5] Company Overview - Silicom Ltd. is a provider of high-performance networking and data infrastructure solutions, primarily aimed at improving performance in Cloud and Data Center environments [8] - The company's products are utilized by major Cloud players, service providers, telcos, and OEMs, enhancing their infrastructure offerings [9] - Silicom maintains long-term relationships with over 200 customers globally and has more than 400 active Design Wins [10]