Earnings ·
Silicom reports Q3 revenue of $26.7M, up 71%, and returns to non-GAAP profitability
SILCSilicom Ltd.
Silicom reported third-quarter revenues of $26.7 million, a 71% increase from the prior-year period, driven by strong Design Win momentum. The company returned to non-GAAP profitability with net income of $0.3 million, or $0.04 per share, compared to a net loss in the same quarter last year. On a GAAP basis, Silicom recorded a net loss of $0.3 million, an 88% improvement over the previous year's loss. Full-year revenue projections were raised to $96–$98 million, reflecting expected 57% year-over-year growth. Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions.