Strong Design Win Momentum
Silicom achieved significant design win momentum, increasing the visibility of potential mid to long-term revenue growth. Potential revenues from recent wins are expected to ramp up from 2026.
Cash Generation and Share Buyback
Silicom generated $17.3 million in cash during 2024, with $10 million used to repurchase shares as part of its ongoing buyback plan, highlighting its strategy of shareholder value creation.
Strong Financial Position
Silicom's balance sheet strength is highlighted by working capital and marketable securities amounting to $121 million, including $79 million in cash deposits and highly rated bonds with no debt.
New Design Wins
Silicom announced two major design wins: one with a U.S.-based cybersecurity company and another with a global networking and security as a service leader, with expected revenues ramping up from 2025.
Future Growth Prospects
Silicom aims to achieve 7 to 9 additional design wins in 2025, with expectations of double-digit growth from 2026 onwards.