Quarterly ResultApr 30, 2026, 08:09 AM
SILC Q1 Revenue +33% to $19.1M; Q2 Guidance +40% YoY
AI Summary
Silicom Ltd. reported strong financial results for Q1 2026, with revenues increasing 33% year-over-year to $19.1 million. The company also significantly reduced its GAAP net loss to $2.4 million and non-GAAP net loss by 31% to $1.5 million. Management provided optimistic guidance for Q2 2026, projecting revenues of $20-$21 million, representing up to 40% YoY growth, and anticipates 2026 sales to reach $82-$83 million, driven by accelerating core business momentum and new design wins.
Key Highlights
- Q1 2026 revenues increased 33% YoY to $19.1 million.
- GAAP net loss for Q1 2026 was $2.4 million, or $0.41 per share, compared to $2.8 million ($0.49 per share) in Q1 2025.
- Non-GAAP net loss for Q1 2026 was $1.5 million, or $0.25 per share, a 31% reduction YoY.
- Q2 2026 revenue guidance is $20-$21 million, projecting 40% YoY growth at the upper end.
- Company expects 2026 sales to reach $82-$83 million.
- Closed four new Design Wins in the past four months, targeting 7-9 for 2026.
- Streaming infrastructure win has a path to $25-$30 million in revenues over five years.
- FPGA Smart NIC design win with a European leader will scale toward $3 million per year.