Silicom (SILC) Q3 2026 earnings summary

Executive summary

• Q3 revenue reached $26.720M, up 71% YoY; non-GAAP profitability returned ahead of expectations.

• Eight 2026 Design Wins and a deep, diverse pipeline supported higher revenue guidance and growth opportunities in AI inference and post-quantum cryptography.

Financial highlights

• Q3 revenue was $26.720M versus $15.614M a year earlier; gross profit was $8.021M versus $4.897M.

• Q3 operating expenses rose 9% YoY to $8.1M, while revenue grew 71%; gross margin was 30.3%.

• Q3 GAAP net loss narrowed to $0.341M from $2.802M; GAAP loss per share improved to $0.06 from $0.49.

• Q3 non-GAAP net income was $0.257M versus a $2.075M loss; non-GAAP EPS was $0.04 versus a $0.36 loss.

• 9M revenue rose 55% YoY to $69.624M; 9M non-GAAP net loss narrowed 66% to $2.097M from $6.147M.

Outlook and guidance

• Q4 revenue guidance is $27M–$28M, with 66% YoY growth at the high end; recurring revenue from the Design Win platform supports the outlook.

• FY2026 revenue guidance rose to $96M–$98M, representing 57% YoY growth; this was the second increase in 2026, from $82M–$83M six months earlier.

• Management expects growth momentum to carry into 2027, citing ramping design wins and new wins, without providing a 2027 revenue estimate.

• Annual Design Win target is 7–9; eight wins were achieved in 2025 and eight by the Q3 2026 presentation date.