SILICOM LTD.

Silicom's Annual General Meeting approved the re-election of Mr. Yeshayahu Orbach to the Board and salary increases for CEO Liron Eizenman (to NIS 73,850/month) and Active Chairman Avi Eizenman (to NIS 108,175/month), both retroactive to January 1, 2026. Shareholders rejected RSU grants for both executives. However, the Compensation Committee and Board subsequently overrode the rejection for the CEO's 38,333 RSU grant, making it subject to a performance condition of US$83 million consolidated revenues for fiscal year 2026. Kesselman & Kesselman (PwC Israel) was also appointed as the independent public accountants.

Silicom Ltd. announced a significant design win with a Tier-1 global cyber security leader, which selected Silicom's white-label switches for its security platforms. This deal is projected to generate approximately $5 million in annual sales after full ramp-up, with initial production orders expected in 2026. The win marks the establishment of white-label switching as a new product line for Silicom and opens doors for further expansion with this customer and others.

Silicom Ltd. announced it has secured initial orders from a Tier-1 hyperscaler for its AI inference solutions, with deliveries scheduled for the first half of 2026. These orders support a Proof of Concept (PoC) planned for the second half of 2026. A successful PoC could lead to a full-scale deployment requiring tens of thousands of Silicom units, each with a multi-thousand-dollar Average Selling Price. This milestone highlights Silicom's rapid progress in the AI inference market, having now secured orders from two major AI compute contenders for two distinct products, alongside a new order for a third inference-specific product.

Silicom Ltd. announced its participation in the 21st Annual Needham Technology, Media, & Consumer Conference. A senior executive will deliver a formal presentation on Tuesday, May 12, 2026, at 8:00 a.m. ET. Following the presentation, the executive will host one-on-one meetings with institutional investors for the remainder of the day.

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.

Silicom Ltd. announced its Annual General Meeting (AGM) to be held on June 3, 2026, where shareholders will vote on several key proposals. These include the re-election of Mr. Yeshayahu Orbach as a director, approval of salary increases for CEO Liron Eizenman and Chairman Avi Eizenman, and the grant of Restricted Stock Units (RSUs) to both executives. Additionally, shareholders will consider authorizing annual bonuses for Mr. Orbach and appointing PwC Israel as the independent public accountants for 2026.