Silicom (SILC) Q2 2025 earnings summary

Executive summary

• Achieved strong execution ahead of strategic plan, with robust design win momentum and excellent cash flow in Q2 2025.

• Q2 2025 revenues reached $15.0M, up from $14.5M in Q2 2024; net loss widened to $3.3M from $1.5M year-over-year.

• Management highlights strong design win momentum and a robust pipeline, expecting double-digit growth from 2026.

• Leading provider of data center and edge computing solutions with over 20 years of experience, serving global service providers, OEMs, and server manufacturers.

• Strategic plan targets EPS of $3+ and revenues of $150–160 million, with double-digit annual growth starting 2026.

Financial highlights

• Q2 2025 revenue was $15 million, up 4% year-over-year from $14.5 million in Q2 2024.

• Gross profit reached $4.8 million, with a gross margin of 31.9%, up from 29.7% a year ago.

• Operating expenses rose to $7.2 million, mainly due to currency effects.

• Net loss for Q2 2025 was $2.0M (non-GAAP), with GAAP net loss per share at $0.59.

• H1 2025 revenues totaled $29.4M, gross profit $9.1M (31.1% margin), and net loss $4.1M.

Outlook and guidance

• Q3 2025 revenue guidance is $15–16 million.

• Full-year 2025 growth expected in low single digits; double-digit annual growth anticipated from 2026.

• Long-term goal: EPS of about $3 on revenues of $150–160 million.

• Focus on expanding core product lines and winning 7–9 new design wins annually.