Silicom reports Q2 2019 financial results

Silicom Ltd. (NASDAQ: SILC), a provider of high-performance networking and data infrastructure solutions, has reported its financial results for the second quarter and first half ended June 30, 2019, the company said.

Second Quarter: Silicom´s revenues for the second quarter of 2019 totalled USD 25.4 million compared with USD 27.6 million for the second quarter of 2018.

On a GAAP basis, net income for the quarter totalled USD 2.3 million, or USD 0.30 per share (basic and diluted), compared with USD 2.4 million, or USD 0.32 per share (basic and diluted), for the second quarter of 2018.

On a non-GAAP basis (as described and reconciled below), net income for the quarter totalled USD 2.9 million, or USD 0.38 per share (basic and diluted), compared with USD 3.4 million, or USD 0.44 per diluted share (USD 0.45 per basic share), for the second quarter of 2018.

First Six Months: Silicom´s revenues for the first half of 2019 totalled USD 55.6 million compared with USD 57.1 million for the first half of 2018.

On a GAAP basis, net income for the period totalled USD 5.9 million, or USD 0.77 per diluted share (USD 0.78 per basic share), compared with USD 1.0 million, or USD 0.13 per share (basic and diluted), for the first half of 2018.

On a non-GAAP basis (as described and reconciled below), net income for the period totalled USD 6.9 million, or USD 0.91 per share (basic and diluted), compared with USD 7.7 million, or USD 1.00 per diluted share (USD 1.02 per basic share), for the first half of 2018.

Silicom Ltd. is an industry-leading provider of high-performance networking and data infrastructure solutions. For more information, visit: www.silicom.co.il