Silicom Stock Earnings Reports

Silicom reported Q3 2025 revenue of $15.6M (up 6% YoY), with gross margin of 31.8%—at the high end of the company's 27–32% target range. Management highlighted strong design-win momentum: 8 major new design wins year-to-date (near the firm's 7–9 full-year target) spanning FPGA, SmartNICs and Edge systems, and set an ambitious new target of 7–9 additional design wins for 2026. Several recent wins include expected multi-million dollar annual run-rates (examples: a long‑term customer expected to ramp to ~$4M/yr, a SASE provider ~ $3M/yr at full run rate, and a PQC-enabled FPGA smart card deal expected to reach ~$2M/yr). Guidance for Q4 2025 is $15.0M–$16.0M, and management reiterates a long-term objective of EPS above $3 when revenues reach ~$150–$160M, expecting a return to double-digit revenue growth beginning in 2026. The balance sheet is strong: as of Sept 30, 2025 Silicom had $114M in working capital and marketable securities (including $76M in cash/deposits/securities) and no debt, giving flexibility to execute the growth strategy. Operating expenses rose due in part to currency effects; the company reported a non‑GAAP operating loss of $2.4M and net loss of $2.1M (loss per share $0.36). Management emphasized opportunities across AI, telco/service providers, and edge applications, and noted post‑quantum cryptography (PQC) capability as a differentiator.