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Silicom LTD. (SILC) stock

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NASDAQ: SILC Nasdaq Communications Equipment Next results ~January 28, 2027

C+ Fundamentals grade

Silicom LTD. is a US-listed company in the communications equipment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$29

Cash-flow model

Base case. Range ~$24–$37 across our lower- and higher-growth cases (-1%–9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 6% above our base value.

Price used: $31.02, November 2, 2026

Silicom LTD. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 15 sales by directors and officers, last 12 monthsInsider trades
  • Funds31 adding, 14 cuttingOf 9 active managers that changed their stake, 7 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Silicom files

Where Silicom LTD. stands after its latest Filing

Revenue for the twelve months was $62m, up 6.6% on a year earlier, against a decline of 53.2% a quarter earlier. Free-cash-flow margin fell to -5.4% from -1.2% a year earlier. Operating margin narrowed to -19.8% from 10.2%. The diluted share count is down 5.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $29.30 a share, against a share price of $33.54.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 28, 2027 (estimated)

Silicom LTD.'s trailing-twelve-month revenue grew 6.6% year on year, with a free-cash-flow margin of -5.4%. Where it stands out: change in growth rate of +59.7pp ranks 2 of 40 communications equipment companies we cover. Where it lags: operating margin of -19.8% ranks 35 of 40 communications equipment companies we cover.

Our discounted-cash-flow model values the business at ~$29 per share in the base case (~$24–$37 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 200% in the quarter to 2026-09-30, the 4th beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 59.7 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 3.0 points on a year ago.
  • Shrinking share count. Diluted shares fell 5.2% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Loss-making. Operating margin is -19.8%: costs exceed revenue.
  • Burning cash. Free cash flow was -5.4% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 94% and a beta of 3.0 against the S&P 500.
  • Below peers: gross margin. Gross margin of 30.6% ranks 30 of 36 communications equipment companies we cover (median 44.1%).

Latest results

Earnings per share
$0.04 against an average estimate of -$0.04: beat by 200.0%
Next report
January 28, 2027; average EPS estimate $0.00

Silicom's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.5%
  • 1 week-22.6%
  • 1 month-48.3%
  • This year+111.0%
  • 1 year+88.8%
  • 5 years-32.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$61.9M
Operating margin
-19.8%
Net margin
-18.5%
EPS (TTM, diluted)
$-2.01

Growth

Revenue growth
+6.6%
Change in growth rate
+59.7 pts
Share count change
−5.2%

Cash

Free cash flow (TTM)
-$3.3M
FCF margin
-5.4%
Stock pay % of revenue
4.5%

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Silicom LTD. valuation models and calculator

What the price is pricing in

The share price implies about 6.0% a year of cash-flow growth for five years.That is faster than the -10.4% a year revenue growth Silicom has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in6.0%
  • Last 12 months6.6%
  • 3 years a year-25.6%
  • 5 years a year-10.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($32.01, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$29
Price used
$32.01close November 3, 2026
Implied change
▼ 8%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Silicom LTD.'s free cash flow after stock-based pay with after-tax interest added back ($6.7M, FY2025 Q4 TTM), growing 4% a year for five years and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$24–~$36 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Silicom LTD.'s free cash flow after stock-based pay ( $6.7M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Silicom LTD. as an operating company, with every model that fits that kind of business. Cost of equity 10%: the 10-year Treasury yield (4.9%) plus a beta of 1.13 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$29 ~$24–$37 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$0.6 Left out: out of range vs price (0.02x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$29 ~$24–$37 1 model

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Silicom LTD. with Communications Equipment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $24$30$39$49$63$81
8.5% $20$25$31$38$48$61
10% $18$21$26$32$39$49

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025
Share price$28.80$40.23$70.11$34.94$33.26$41.85$51.60$42.15$18.10$16.31$14.70
Market value$212m$299m$533m$268m$252m$300m$360m$286m$121m$98m$84m
+ Net debt (− = net cash)−$18m−$12m−$17m−$27m−$16m−$21m−$29m−$31m−$47m−$51m−$35m
Enterprise value$194m$287m$516m$241m$235m$279m$330m$256m$74m$47m$49m
Multiples
Price / sales 2.6x3.0x4.2x2.0x2.4x2.8x2.8x1.9x1.0x1.7x1.4x
Price / earnings 12.8x22.8x24.5x18.3x24.6x52.3x34.1x15.6x———
Price / free cash flow 20.6x——6.0x10.0x91.8x——3.9x5.7x—
EV / EBITDA 9.3x14.6x17.7x12.1x19.3x32.3x21.3x11.4x———

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

25 /100

Weak moat

How hard Silicom's competitive advantage looks for rivals to wear away, judged from 5 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Pricing power 12 / 20

    Gross margin has been a median 36.5%, moving by 3.5 percentage points (standard deviation) across 5 years.

  • Durability 2 / 20

    Operating margin has been a median 10.8%; its worst year was -19.8%.

  • Cash conversion 4 / 20

    Free cash flow was positive in 2 of 5 years, at a median -0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (30 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 28, 2027, before the open. Analysts expect revenue of $26m and EPS of $0.00 (range $0.00 to $0.00) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.45 +68% $94m +52%
Next $0.24 +153% $113m +20%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −48.9% on 90 days ago. In the last 30 days, 0 analysts raised Silicom LTD.'s forecast and 1 cut it.

Consensus EPS forecast Silicom LTD., last 90 days
−$1.00 −$0.50 $0.00 $0.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$0.88 Current fiscal year, 60 days ago: −$0.88 Current fiscal year, 30 days ago: −$0.88 Current fiscal year, 7 days ago: −$0.88 Current fiscal year, Now: −$0.45 −$0.45 Next fiscal year, 90 days ago: −$0.46 Next fiscal year, 60 days ago: −$0.46 Next fiscal year, 30 days ago: −$0.46 Next fiscal year, 7 days ago: −$0.46 Next fiscal year, Now: $0.24 $0.24

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$0.88−$0.46
60 days ago −$0.88−$0.46
30 days ago −$0.88−$0.46
7 days ago −$0.88−$0.46
Now −$0.45$0.24

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 −$0.04 $0.04 +200.0%
Jun 2026 −$0.24 −$0.16 +33.3%
Mar 2026 −$0.36 −$0.25 +30.6%
Dec 2025 −$0.37 −$0.34 +8.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611

Counts of recommendations published by analysts covering Silicom LTD., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
1.6%
of tradable shares
Days to cover
0.51
at average volume
Short interest, 1 month
−22%
to October 15, 2026
Held by institutions
45%
of shares
Held by insiders
9.4%
of shares

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
SILC+23%−18%−57%−10%−10%+111%
Industry peers (median)+17%−18%−12%+33%+3%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SILC50%33%42%33%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SILC−33%−38%−71%−38%−29%−50%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 85% from January 3, 2018 to August 5, 2024. Getting back needed a 556% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$13.50 – $61.65
From 52-week high
−49.7%
vs 50-day average
−32.4%
vs 200-day average
−14.0%
Volatility (1 year)
94%
Beta vs S&P 500
3.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Silicom LTD. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Silicom LTD.
$50M $100M $150M $200M FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue (TTM), FY14 Q4: $75.6M Revenue (TTM), FY15 Q4: $82.7M Revenue (TTM), FY16 Q4: $100.3M Revenue (TTM), FY17 Q4: $125.7M Revenue (TTM), FY18 Q4: $133.8M Revenue (TTM), FY19 Q4: $105.2M Revenue (TTM), FY20 Q4: $107.4M Revenue (TTM), FY21 Q4: $128.5M Revenue (TTM), FY22 Q4: $150.6M Revenue (TTM), FY23 Q4: $124.1M Revenue (TTM), FY24 Q4: $58.1M Revenue (TTM), FY25 Q4: $61.9M $61.9M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY14 Q4 $75.6M
FY15 Q4 $82.7M
FY16 Q4 $100.3M
FY17 Q4 $125.7M
FY18 Q4 $133.8M
FY19 Q4 $105.2M
FY20 Q4 $107.4M
FY21 Q4 $128.5M
FY22 Q4 $150.6M
FY23 Q4 $124.1M
FY24 Q4 $58.1M
FY25 Q4 $61.9M
Revenue growth, TTM YoY Silicom LTD.
-60% -40% -20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Revenue growth, TTM YoY, FY14 Q4: 3.2% Revenue growth, TTM YoY, FY15 Q4: 9.4% Revenue growth, TTM YoY, FY16 Q4: 21.3% Revenue growth, TTM YoY, FY17 Q4: 25.3% Revenue growth, TTM YoY, FY18 Q4: 6.4% Revenue growth, TTM YoY, FY19 Q4: -21.3% Revenue growth, TTM YoY, FY20 Q4: 2.1% Revenue growth, TTM YoY, FY21 Q4: 19.6% Revenue growth, TTM YoY, FY22 Q4: 17.2% Revenue growth, TTM YoY, FY23 Q4: -17.6% Revenue growth, TTM YoY, FY24 Q4: -53.2% Revenue growth, TTM YoY, FY25 Q4: 6.6% 6.6%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY14 Q4 3.2%
FY15 Q4 9.4%
FY16 Q4 21.3%
FY17 Q4 25.3%
FY18 Q4 6.4%
FY19 Q4 -21.3%
FY20 Q4 2.1%
FY21 Q4 19.6%
FY22 Q4 17.2%
FY23 Q4 -17.6%
FY24 Q4 -53.2%
FY25 Q4 6.6%
Operating margin (TTM) Silicom LTD.
-40% -20% 0% 20% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 Operating margin (TTM), FY14 Q4: 22.5% Operating margin (TTM), FY15 Q4: 22.0% Operating margin (TTM), FY16 Q4: 15.8% Operating margin (TTM), FY17 Q4: 20.2% Operating margin (TTM), FY18 Q4: 12.4% Operating margin (TTM), FY19 Q4: 9.7% Operating margin (TTM), FY20 Q4: 5.8% Operating margin (TTM), FY21 Q4: 10.2% Operating margin (TTM), FY22 Q4: 13.2% Operating margin (TTM), FY23 Q4: -23.1% Operating margin (TTM), FY24 Q4: -22.8% Operating margin (TTM), FY25 Q4: -19.8% -19.8%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY14 Q4 22.5%
FY15 Q4 22.0%
FY16 Q4 15.8%
FY17 Q4 20.2%
FY18 Q4 12.4%
FY19 Q4 9.7%
FY20 Q4 5.8%
FY21 Q4 10.2%
FY22 Q4 13.2%
FY23 Q4 -23.1%
FY24 Q4 -22.8%
FY25 Q4 -19.8%
FCF margin (TTM) Silicom LTD.
-10% 0% 10% 20% 30% 40% FY14 Q4 FY17 Q4 FY20 Q4 FY25 Q4 FCF margin (TTM), FY14 Q4: 24.9% FCF margin (TTM), FY15 Q4: 12.5% FCF margin (TTM), FY16 Q4: -4.1% FCF margin (TTM), FY17 Q4: -0.2% FCF margin (TTM), FY18 Q4: 33.1% FCF margin (TTM), FY19 Q4: 24.0% FCF margin (TTM), FY20 Q4: 3.0% FCF margin (TTM), FY21 Q4: -1.2% FCF margin (TTM), FY22 Q4: -4.1% FCF margin (TTM), FY23 Q4: 24.8% FCF margin (TTM), FY24 Q4: 29.9% FCF margin (TTM), FY25 Q4: -5.4% -5.4%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY14 Q4 24.9%
FY15 Q4 12.5%
FY16 Q4 -4.1%
FY17 Q4 -0.2%
FY18 Q4 33.1%
FY19 Q4 24.0%
FY20 Q4 3.0%
FY21 Q4 -1.2%
FY22 Q4 -4.1%
FY23 Q4 24.8%
FY24 Q4 29.9%
FY25 Q4 -5.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 21 30 40 49 73 76 83 100 126 134 105 107 128 151 124 58 62
Gross profit 8 13 17 20 29 31 34 39 46 42 36 34 44 52 29 17 19
EBITDA 3 6 9 10 18 18 21 20 29 20 12 9 15 22 −26 −11 −11
Operating income 2 6 8 10 18 17 18 16 25 17 10 6 13 20 −29 −13 −12
Net income 3 6 8 10 17 15 17 13 22 15 10 6 11 18 −26 −14 −11
Diluted EPS $0.41 $0.82 $1.18 $1.42 $2.36 $2.00 $2.24 $1.77 $2.86 $1.91 $1.35 $0.80 $1.51 $2.69 −$3.94 −$2.28 −$2.01
Growth (year on year)
Revenue — +48.1% +30.4% +23.0% +50.4% +3.2% +9.4% +21.3% +25.3% +6.4% −21.3% +2.1% +19.6% +17.2% −17.6% −53.2% +6.6%
EBITDA — +138.1% +40.1% +18.5% +74.0% −1.1% +16.2% −6.1% +48.5% −31.8% −38.8% −29.3% +79.5% +44.2% −217.2% — —
Operating income — +166.3% +43.6% +18.4% +75.3% −3.0% +6.8% −13.0% +60.6% −34.5% −38.7% −38.8% +109.0% +52.6% −243.9% — —
Net income — +102.7% +44.2% +19.8% +73.0% −14.5% +13.1% −20.5% +65.3% −32.6% −30.1% −44.1% +84.1% +73.7% −244.3% — —
Diluted EPS — +100.0% +43.0% +20.3% +66.3% −15.3% +12.3% −21.2% +61.6% −33.1% −29.3% −40.8% +89.1% +78.1% −246.3% — —
Margins
Gross margin 39.3% 42.5% 43.4% 40.8% 40.2% 40.7% 41.2% 38.4% 36.5% 31.4% 34.3% 31.4% 34.6% 34.5% 23.1% 28.6% 30.6%
EBITDA margin 12.9% 20.8% 22.3% 21.5% 24.9% 23.9% 25.3% 19.6% 23.3% 14.9% 11.6% 8.0% 12.1% 14.8% −21.1% −19.0% −17.2%
Operating margin 10.8% 19.4% 21.4% 20.6% 24.0% 22.5% 22.0% 15.8% 20.2% 12.4% 9.7% 5.8% 10.2% 13.2% −23.1% −22.8% −19.8%
Net margin 13.7% 18.8% 20.8% 20.3% 23.3% 19.3% 20.0% 13.1% 17.3% 10.9% 9.7% 5.3% 8.2% 12.2% −21.3% −23.6% −18.5%
Free-cash-flow margin 17.3% 9.5% 10.6% 16.6% 1.5% 24.9% 12.5% −4.1% −0.2% 33.1% 24.0% 3.0% −1.2% −4.1% 24.8% 29.9% −5.4%
Cash flow
Cash from operations 4 3 5 9 2 21 13 −3 1 46 27 5 1 −4 32 18 −2
Capital spending 0 0 0 1 1 2 3 1 2 1 1 2 3 2 1 1 1
Free cash flow 4 3 4 8 1 19 10 −4 −0 44 25 3 −2 −6 31 17 −3
Stock-based pay 0 0 0 1 1 1 2 2 2 2 2 3 3 4 3 3 3
Free cash flow after stock pay 3 3 4 8 0 18 8 −6 −3 42 23 1 −4 −10 27 14 −6
Balance sheet
Cash 7 7 11 13 13 18 18 12 17 27 16 21 29 31 47 51 35
Total debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −7 −7 −11 −13 −13 −18 −18 −12 −17 −27 −16 −21 −29 −31 −47 −51 −35
Diluted shares 7m 7m 7m 7m 7m 7m 7m 7m 8m 8m 8m 7m 7m 7m 7m 6m 6m
Returned to shareholders
Dividends — — — — 4 7 7 7 7 — — — — — — — —
Buybacks — — — — — — — — — — 8 17 14 3 9 10 2
Total returned — — — — 4 7 7 7 7 — 8 17 14 3 9 10 2

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $152m
Short-term assets $113mLonger-term assets $39m
What it owes, and who funded it · $152m
Short-term liabilities $27mLonger-term liabilities $7mShareholders' equity $117m
  • Short-term assets cover short-term liabilities $113m of assets due within a year against $27m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $113m short-term assets against $7m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Silicom LTD.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$1.7M
Buybacks, last 3 fiscal years
$20.9M
Diluted share count
−5.2%
year over year
Total shareholder yield
0.9%
dividends 0.0% + buybacks 0.9% of market value
R&D spending
32.4%
of revenue
Days sales outstanding
54 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in communications equipment
Last 12 months unless stated SILC RDCM AIRG BOSC ALLT FKWL Median
Revenue, last 12 months $62m $71m $51m $51m $102m $37m $324m
Revenue growth, last 12 months 6.6% 17.2% −9.6% 26.6% 10.6% −20.8% 11.0%
Revenue growth, 3-year average −5.5% 51.7% −10.4% 25.0% 1.8% −7.4% 4.1%
Revenue growth, latest quarter — — 0.6% — — 21.2% 12.9%
Gross margin 30.6% 76.0% 43.4% 23.9% 71.1% 17.1% 43.7%
Operating margin −19.8% 11.6% −14.0% 5.8% 3.5% −7.3% 2.2%
Operating margin, 3-year average 3.5% 1.6% −17.7% 3.7% −9.0% −10.9% −1.4%
Net margin −18.5% 16.8% −13.6% 7.1% 3.6% −13.0% −0.0%
Cash from operations / revenue −3.5% 20.4% −5.4% 10.0% 17.4% −17.2% 9.9%
Free-cash-flow margin −5.4% 19.9% −5.8% 9.1% 15.2% −17.3% 7.7%
Free-cash-flow margin, 3-year average −2.3% −2.3% −5.7% 2.7% 0.2% −5.4% 2.2%
Stock pay / revenue 4.5% 8.6% 6.0% 0.3% 4.9% 0.0% 3.9%
Change in share count −5.2% 4.2% 6.3% 7.2% 18.6% 0.0% 1.5%

Median of all 40 companies we cover in communications equipment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

40 communications equipment companies
Measure Company Peer median Rank
Revenue growth Growth 6.6% 11.3% 24 of 40
Change in growth rate Growth +59.7pp +2.0pp 2 of 40
Gross margin Profitability 30.6% 44.1% 30 of 36
Operating margin Profitability -19.8% 2.4% 35 of 40
Net margin Profitability -18.5% 0.6% 35 of 40
Free-cash-flow margin Cash generation -5.4% 8.2% 29 of 38
Stock pay as % of revenue Cash generation 4.5% 3.9% 20 of 37
Change in share count Balance sheet -5.2% 1.6% 3 of 36
Days sales outstanding Balance sheet 54 days 75 days 13 of 34

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$118M
Institutions reporting
51
Shares held vs prior quarter
▲ 42.3%
Positions opened / closed
22 / 2

Top buyers and sellers, Q2 2026: 31 institutions bought and 14 sold ; the biggest buyer was Portolan Capital Management, LLC (+162K shares) and the biggest seller Marshall Wace, LLP (−58K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Systematic Financial Management LP $24.3M 506K 20.6% ▼ 5.8%
First Wilshire Securities Management Inc $13.6M 284K 11.6% ▼ 9.9%
Nano Cap New Millennium Growth Fund L P $8.9M 187K 7.6% ▼ 2.1%
Portolan Capital Management, LLC $7.8M 162K 6.6% New
Hood River Capital Management LLC $7.5M 157K 6.4% New
Jane Street Group, LLC $5.9M 123K 5.0% ▲ 868.2%
Herald Investment Management Ltd $4.5M 96K 3.8% ▼ 22.3%
Palisades Investment Partners, LLC $4.3M 90K 3.7% New
Renaissance Technologies LLC $4.2M 87K 3.5% ▲ 241.2%
Connor, Clark & Lunn Investment Management Ltd. $3.3M 69K 2.8% ▲ 455.7%
Granahan Investment Management, LLC $3.3M 68K 2.8% New
Two Sigma Investments, LP $2.8M 59K 2.4% ▲ 135.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Silicom LTD.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.7M 15 trades by 8 insiders · 0% under pre-set plans
Net ▼ $3.7M net selling
Insider Date Trade Shares Price Value
Orbach Yeshayhu Director August 24, 2026 Sell 2,969 $45.00 $133,605
Eizenman Avinoam Director August 17, 2026 Sell 20,000 $50.50 $1M
Eizenman Liron President and CEO August 12, 2026 Sell 18,072 $48.53 $877,034
Gilad Eran CFO August 6, 2026 Sell 25 $46.56 $1,164
Gilad Eran CFO August 6, 2026 Sell 6,975 $44.44 $309,969
Karp Yuval EVP Project Management May 19, 2026 Sell 2,000 $50.00 $100,000
Cohen Daniel (Dc) EVP Operation May 14, 2026 Sell 15 $52.00 $780
Castiel David VP Engineering May 14, 2026 Sell 2,000 $48.00 $96,000
Hendel David VP R&D May 14, 2026 Sell 1,000 $49.00 $49,000
Hendel David VP R&D May 13, 2026 Sell 500 $44.50 $22,250
Hendel David VP R&D May 13, 2026 Sell 500 $44.24 $22,120
Gilad Eran CFO May 7, 2026 Sell 6,000 $44.18 $265,080

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Silicom LTD. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Silicom LTD. in brief

What does Silicom LTD. do?
Silicom LTD. is a US-listed company in the communications equipment industry. Its financial year ends in December.
What is Silicom LTD.'s stock ticker?
Silicom LTD. trades under the ticker SILC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Silicom LTD.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Silicom LTD. reported revenue of $61.9M, 6.6% higher than a year earlier, according to its SEC filings.
What is Silicom LTD.'s free cash flow?
Silicom LTD.'s free-cash-flow margin is -5.4% of revenue over the trailing twelve months, ranking 29 of the 38 communications equipment companies we cover.
What is Silicom LTD.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Silicom LTD.'s free cash flow after stock-based pay gives ~$29 per share in the base case, and ~$24–$37 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Silicom LTD.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Systematic Financial Management LP, First Wilshire Securities Management Inc and Nano Cap New Millennium Growth Fund L P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Silicom LTD. buying back stock, and does it pay a dividend?
Silicom LTD. spent $1.7M on share repurchases over the trailing twelve months, and its diluted share count fell 5.2% over the year.
What is Silicom LTD.'s market cap?
On December 31, 2025, Silicom LTD.'s market capitalisation was about $83.9M and net debt of -$35.2M. Market figures come from third-party market data and may be delayed.
Who are Silicom LTD.'s competitors?
In our Communications Equipment peer group, the companies closest to Silicom LTD. are Radcom LTD, Airgain Inc, BOS Better Online Solutions LTD, Allot Ltd. and Franklin Wireless Corp. The side-by-side comparison below sets their revenue, margins and growth against Silicom LTD.'s.
Are insiders buying or selling Silicom LTD. stock?
Over the last 12 months, Silicom LTD.'s directors and officers reported 0 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is Silicom LTD.'s next earnings date?
Around January 28, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Silicom LTD. announces its own schedule.