<p>Silicom 最近的财报电话会议描绘了成就与挑战并存的局面。公司庆祝了显著的设计胜利和强劲的财务状况，但也面临着运营费用上升和持续亏损的困难。尽管存在这些障碍，2026 年及以后的前景依然乐观，预计将实现两位数的收入增长，预示着一个光明的未来。</p>
<h2>强劲的设计胜利势头</h2>
<p>Silicom 在获得设计胜利方面展现了令人印象深刻的势头，仅在 2025 年就取得了八项重大新胜利。这一成就超出了他们全年目标范围的下限，展示了在 FPGA、边缘解决方案和智能网卡等多个产品线上的成功。</p>
<h2>财务稳定性与灵活性</h2>
<p>公司报告本季度收入为 1560 万美元，拥有强劲的财务状况，流动资金和可交易证券达到 1.14 亿美元，现金、存款和高评级债券为 7600 万美元。值得注意的是，Silicom 没有债务，突显了其财务灵活性。</p>
<h2>高毛利率成就</h2>
<p>Silicom 在 2025 年第三季度实现了 31.8% 的毛利率，处于预期范围的高端。这一表现超出了他们的战略计划模型，强调了有效的成本管理和定价策略。</p>
<h2>2026 年积极展望</h2>
<p>展望未来，Silicom 预计在 2026 年及以后将恢复两位数的收入增长。公司目标是每股收益（EPS）超过 3 美元，收入规模达到 1.5 亿至 1.6 亿美元。</p>
<h2>运营费用增加</h2>
<p>2025 年第三季度的运营费用报告为 740 万美元，高于预期。这一增长归因于美元对以色列新谢克尔和丹麦克朗的疲软，影响了成本结构。</p>
<h2>持续的运营亏损</h2>
<p>Silicom 报告 2025 年第三季度的运营亏损为 240 万美元，略高于 2024 年同季度报告的 230 万美元亏损。这反映了实现盈利的持续挑战。</p>
<h2>净亏损增加</h2>
<p>本季度的净亏损为 210 万美元，较 2024 年第三季度的 170 万美元净亏损有所增加。这一净亏损的上升突显了公司所面临的财务挑战。</p>
<h2>前瞻性指导</h2>
<p>Silicom 对 2025 年第四季度的指导预计收入在 1500 万至 1600 万美元之间。公司仍专注于在其产品线中获得设计胜利，并重申其目标是实现每股收益超过 3 美元，随着收入增长到 1.5 亿至 1.6 亿美元的范围。</p>
<p>总之，Silicom 的财报电话会议突显了成就与挑战的结合。尽管公司面临费用和亏损的增加，但其强劲的设计胜利势头和财务稳定性为未来增长提供了坚实的基础。对 2026 年及以后的积极展望，伴随预期的收入增长，为投资者和利益相关者提供了一个光明的前景。</p>

矽晶电信

<p>Silicom 的财报电话会议揭示了显著的设计胜利和强劲的财务状况，尽管运营费用上升和持续亏损。该公司在 2025 年实现了八项重大设计胜利，超出了其目标。Silicom 的收入为 1560 万美元，毛利率为 31.8%，财务状况依然稳定，且没有债务。然而，它在 2025 年第三季度报告了 240 万美元的运营亏损和 210 万美元的净亏损。展望未来，Silicom 预计 2026 年将实现两位数的收入增长，目标是每股收益超过 3 美元，收入达到 1.5 亿至 1.6 亿美元</p>

<p>Silicom’s recent earnings call painted a picture of both achievement and challenge. The company celebrated significant design wins and a strong financial position, yet faced hurdles with rising operating expenses and ongoing losses. Despite these obstacles, the outlook for 2026 and beyond remains optimistic, with expectations of double-digit revenue growth signaling a promising future.</p>
<div class="lb-trans"><p>Silicom 最近的财报电话会议描绘了成就与挑战并存的局面。公司庆祝了显著的设计胜利和强劲的财务状况，但也面临着运营费用上升和持续亏损的困难。尽管存在这些障碍，2026 年及以后的前景依然乐观，预计将实现两位数的收入增长，预示着一个光明的未来。</p>
</div><h2>Strong Design Win Momentum</h2>
<div class="lb-trans"><h2>强劲的设计胜利势头</h2>
</div><p>Silicom has demonstrated impressive momentum in securing design wins, achieving eight major new wins in 2025 alone. This accomplishment surpasses the lower end of their target range for the entire year, showcasing success across various product lines such as FPGAs, Edge solutions, and SmartNICs.</p>
<div class="lb-trans"><p>Silicom 在获得设计胜利方面展现了令人印象深刻的势头，仅在 2025 年就取得了八项重大新胜利。这一成就超出了他们全年目标范围的下限，展示了在 FPGA、边缘解决方案和智能网卡等多个产品线上的成功。</p>
</div><h2>Financial Stability and Flexibility</h2>
<div class="lb-trans"><h2>财务稳定性与灵活性</h2>
</div><p>The company reported revenues of $15.6 million for the quarter, backed by a robust financial position with $114 million in working capital and marketable securities, and $76 million in cash, deposits, and highly rated bonds. Notably, Silicom operates with no debt, highlighting its financial flexibility.</p>
<div class="lb-trans"><p>公司报告本季度收入为 1560 万美元，拥有强劲的财务状况，流动资金和可交易证券达到 1.14 亿美元，现金、存款和高评级债券为 7600 万美元。值得注意的是，Silicom 没有债务，突显了其财务灵活性。</p>
</div><h2>High Gross Margin Achievement</h2>
<div class="lb-trans"><h2>高毛利率成就</h2>
</div><p>Silicom achieved a gross margin of 31.8% for the third quarter of 2025, which is at the higher end of their expected range. This performance is ahead of their strategic plan model, underscoring effective cost management and pricing strategies.</p>
<div class="lb-trans"><p>Silicom 在 2025 年第三季度实现了 31.8% 的毛利率，处于预期范围的高端。这一表现超出了他们的战略计划模型，强调了有效的成本管理和定价策略。</p>
</div><h2>Positive Outlook for 2026</h2>
<div class="lb-trans"><h2>2026 年积极展望</h2>
</div><p>Looking ahead, Silicom anticipates a return to double-digit revenue growth in 2026 and beyond. The company aims for earnings per share (EPS) above $3 as revenues scale to between $150 million and $160 million.</p>
<div class="lb-trans"><p>展望未来，Silicom 预计在 2026 年及以后将恢复两位数的收入增长。公司目标是每股收益（EPS）超过 3 美元，收入规模达到 1.5 亿至 1.6 亿美元。</p>
</div><h2>Increased Operating Expenses</h2>
<div class="lb-trans"><h2>运营费用增加</h2>
</div><p>Operating expenses for the third quarter of 2025 were reported at $7.4 million, higher than anticipated. This increase was attributed to the weakness of the U.S. dollar against the Israeli shekel and Danish krone, impacting cost structures.</p>
<div class="lb-trans"><p>2025 年第三季度的运营费用报告为 740 万美元，高于预期。这一增长归因于美元对以色列新谢克尔和丹麦克朗的疲软，影响了成本结构。</p>
</div><h2>Continued Operating Loss</h2>
<div class="lb-trans"><h2>持续的运营亏损</h2>
</div><p>Silicom reported an operating loss of $2.4 million for the third quarter of 2025, slightly higher than the $2.3 million loss reported in the same quarter of 2024. This reflects ongoing challenges in achieving profitability.</p>
<div class="lb-trans"><p>Silicom 报告 2025 年第三季度的运营亏损为 240 万美元，略高于 2024 年同季度报告的 230 万美元亏损。这反映了实现盈利的持续挑战。</p>
</div><h2>Net Loss Increase</h2>
<div class="lb-trans"><h2>净亏损增加</h2>
</div><p>The net loss for the quarter was $2.1 million, an increase from the $1.7 million net loss in the third quarter of 2024. This rise in net loss underscores the financial challenges the company is navigating.</p>
<div class="lb-trans"><p>本季度的净亏损为 210 万美元，较 2024 年第三季度的 170 万美元净亏损有所增加。这一净亏损的上升突显了公司所面临的财务挑战。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Silicom’s guidance for the fourth quarter of 2025 projects revenues between $15 million and $16 million. The company remains focused on securing design wins across its product lines and reiterated its goal of achieving an EPS above $3 as revenues grow to the $150 million to $160 million range.</p>
<div class="lb-trans"><p>Silicom 对 2025 年第四季度的指导预计收入在 1500 万至 1600 万美元之间。公司仍专注于在其产品线中获得设计胜利，并重申其目标是实现每股收益超过 3 美元，随着收入增长到 1.5 亿至 1.6 亿美元的范围。</p>
</div><p>In summary, Silicom’s earnings call highlighted a blend of achievements and challenges. While the company faces increased expenses and losses, its strong design win momentum and financial stability provide a solid foundation for future growth. The positive outlook for 2026 and beyond, with anticipated revenue growth, offers a promising horizon for investors and stakeholders.</p>
<div class="lb-trans"><p>总之，Silicom 的财报电话会议突显了成就与挑战的结合。尽管公司面临费用和亏损的增加，但其强劲的设计胜利势头和财务稳定性为未来增长提供了坚实的基础。对 2026 年及以后的积极展望，伴随预期的收入增长，为投资者和利益相关者提供了一个光明的前景。</p>
</div>

矽晶电信的财报电话会议：设计获胜与未来增长