Silicom reports Q1 non-GAAP EPS (37c) vs. (38c) last year

Reports Q1 revenue $14.4M vs. $14.4M last year. CEO Liron Eizenman commented, “Q1 was another period of strong execution in line with our strategic plan, with significant Design Win momentum and a growing pipeline that we expect to begin accelerating our revenue growth in 2026 and beyond…Since the beginning of the year, we have been awarded three important new Wins – two from cyber security leaders and one from a global network test equipment company… All three are repeat customers who already relied on our products to give their systems a performance edge, and who expanded their business with Silicom (SILC) as they embarked on strategic new projects…This, combined with the growing number of potential new customers who are currently evaluating and testing our products, is the basis for our expectation to secure at least 4-6 additional Design Wins this year. Looking forward, we continue to project low single-digit growth for 2025 and double-digit growth beginning in 2026, leading to an EPS above $3 on revenues of $150M-$160M. A faster-than-projected ramp up of deals currently in the pipeline could accelerate this timeline significantly, and we are fully focused on making this happen.”