Silicom (NASDAQ: SILC) reported Q2 EPS of $0.70, $0.20 better than the analyst estimate of $0.50. Revenue for the quarter came in at $34.2 million versus the consensus estimate of $33.91 million.

GUIDANCE:

Silicom sees Q3 2022 revenue of $38-40 million.

• While multiple large design wins have given us an all-time-record backlog, our ability to deliver continues to be impacted by the global components crisis, which we expect to continue into 2023. We therefore project revenues for the third quarter of 2022 to range between $38 million and $40 million. The midpoint of this range represents 18% year-over-year revenue growth over the third quarter of 2021.

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