Silicom reports Q1 non-GAAP EPS 25c vs. 37c 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.”