SILC News & Events

Silicom sees Q2 revenue $20M-$21M vs. $15.02M last year

Reports Q1 revenue $19.1M vs. last year. CEO Liron Eizenman commented, "Q1 was exceptionally strong in both sales and pipeline development, confirming the beyond-projection performance of our strategic plan and execution. After achieving 33% revenue growth on a year-over-year basis for Q1, and given the increased visibility provided by resilient demand for our core business products, we expect to deliver even stronger performance in the future, including sales that reach $82M-$83M in 2026 and continue building throughout 2027...The expansion of our global networking and security-as-a-service customer to an $8M-to-$10M annual run-rate, the Tier-1 cyber security leader's selection of a higher-end Edge system for its next-generation product line, and our streaming infrastructure win with a path to $25M-to-$30M in revenues over five years, collectively demonstrate the upsell power of our long-term relationships and the additive, non-cannibalizing nature of our portfolio...While our core business accelerates through this key inflection point, we are also building deep momentum with two of the world's most promising contenders in the high-stakes race to architect the future infrastructure of AI inference...As we move forward through 2026, we are ideally positioned to benefit from a stronger-than-ever pipeline and from the extraordinary momentum of our target markets, both for our core products and for our AI inference infrastructure offerings. We are excited about the opportunities that lie ahead, and moving aggressively to actualize our full growth potential."

Silicom Ltd. has secured a design win with a European provider of advanced encryption and secure communication solutions for organizations requiring the highest level of protection for sensitive information. The customer selected a Silicom FPGA SmartNIC following a successful evaluation of one of Silicom's off-the-shelf products, which demonstrated the performance and reliability required for its advanced encryption solutions including Post Quantum Cryptography. Silicom expects to deliver the products per the customer's initial $1M commitment during the second half of 2026, as it scales toward an anticipated annual deployment of approximately $3M. As a first step, the customer has already placed commitments totalling approximately $1M. Silicom and the customer are already engaged in discussions about a next-generation, higher-speed FPGA Smart NIC that the customer plans to launch in 2028, as well as a potential full system solution that combines a server with an FPGA Smart NIC.