(Adds Outlook)
Silicom Ltd. (SILC) reported Monday second-quarter loss of $1.516 million, compared to last year's profit of $3.806 million.
Loss per share was $0.25, compared to profit of $0.56 per share in the same period last year. Excluding items, Silicom's adjusted loss was $0.861 million or $0.14 loss per share for the period.
Revenue fell to $14.502 million from last year's $38.130 million. Outlook
Silicom further said that it projects its third-quarter revenue to be in the range of $14 million to $15 million, which reflects longer-than expected sales cycles, the prolonged excess inventory digestion periods of several large customers, and the global economic slowdown.
For the second half, the company expects revenues as a whole to be similar to those of the first-half.
SILC was trading down by 12.61 percent at $14.07 in the pre-market trade on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.