Recent News
June 30, 2026 — Company announced its first AI inference-related production order, described as a multi‑million dollar milestone for its AI inference solution. May 5, 2026 — An AI infrastructure challenger selected Silicom’s high‑performance, inference‑specific solution for a proof‑of‑concept deployment aimed at Tier‑1 hyperscalers.
Technical Analysis
ADX / DI+ / DI-: ADX at 15.87 signals no established trend; DI+ shows a dip‑and‑reversal and DI- a peak‑and‑reversal, which together indicate bullish directional pressure emerging despite the weak trend strength.
MACD: MACD shows a dip‑and‑reversal, with MACD at 0.38 and the signal line at 0.26; the MACD crossing above its signal line confirms bullish momentum in the near term.
MRO: MRO at 15.0 with a dip‑and‑reversal indicates the price sits above the regression target and therefore carries a probability of downward adjustment toward fair‑value levels.
RSI: RSI at 53.07 with a dip‑and‑reversal reads as neutral to mildly bullish momentum without overbought stress.
Price vs. Moving Averages and Bands: Closing price $46.80 sits above the 20‑day average ($43.01), 50‑day average ($43.75) and far above the 200‑day average ($25.35), showing structural strength; price trades between the 1× and 2× upper Bollinger bands, indicating proximity to recent high‑band resistance.
Fundamental Analysis
Revenue and growth: Total revenue $19,098,000 with revenue growth of 12.95%. Quarter‑over‑quarter revenue growth equals 56.29%; the YoY figure supplied reads -1,871.82% as reported. QoQ acceleration aligns with the new AI production order and recent PoC wins.
Profitability: Operating margin and EBIT margin both at -14.70%, a QoQ decline of -11.53% and a YoY decline of -34.22%. Gross margin 29.55% sits below the industry peer mean of 56.89% and the industry peer median of 61.90%, indicating lower gross profitability relative to typical peers. Net loss totaled -$2,367,000 and operating cash flow was negative at -$8,584,000; cash‑flow margin equals -44.95%.
EPS and earnings quality: GAAP EPS came in at -$0.25 versus an estimate of -$0.36; the EPS beat equals $0.11, an EPS surprise of 30.56%, which reduces short‑term downside risk to sentiment.
Liquidity and working capital: Cash $30,032,000 and cash plus short‑term investments $35,014,000 provide liquidity support. Current ratio 3.30 exceeds the industry peer mean of 1.80; quick ratio 1.50 roughly aligns with the industry peer mean of 1.45. Cash conversion cycle stands at 380.35 days versus an industry peer mean of 106.41 days, driven by inventory at $63,485,000 and days inventory outstanding of 446 days—working capital ties represent a material operational friction.
Leverage and capital structure: Total debt $6,601,000; debt‑to‑assets 4.16% and debt‑to‑equity 5.69% remain low versus industry peer means, preserving financial optionality for execution on AI orders.
Other operating metrics: Research & development $5,266,000 supports product development for inference and edge platforms. Asset turnover at 0.1228 suggests low capital efficiency versus an industry peer mean of 0.1620.
Valuation: WMDST values the stock as under‑valued. Market multiples show price‑to‑book at 1.09 and an enterprise value to revenue ratio near 5.16; those multiples, combined with low leverage and sizable cash, underpin the WMDST under‑valued determination despite negative margins and working capital drag.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-30 |
| NEXT REPORT DATE: | 2026-07-30 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | $ -8.58 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ 2.4 M | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 19.1 M | |
| Forward Revenue | $ 1.3 M | |
| COSTS | ||
| Cost Of Revenue | $ 13.5 M | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | $ 5.3 M | |
| Total Operating Expenses | $ 21.9 M | |
| PROFITABILITY | ||
| Gross Profit | $ 5.6 M | |
| EBITDA | $ -2.81 M | |
| EBIT | $ -2.81 M | |
| Operating Income | $ -2.81 M | |
| Interest Income | $ 452.0 K | |
| Interest Expense | — | |
| Net Interest Income | $ 452.0 K | |
| Income Before Tax | $ -2.36 M | |
| Tax Provision | $ 11.0 K | |
| Tax Rate | 40.0 % | |
| Net Income | $ -2.37 M | |
| Net Income From Continuing Operations | $ -2.37 M | |
| EARNINGS | ||
| EPS Estimate | $ -0.36 | |
| EPS Actual | $ -0.25 | |
| EPS Difference | $ 0.11 | |
| EPS Surprise | 30.556 % | |
| Forward EPS | $ -0.12 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 158.8 M | |
| Intangible Assets | $ 3.5 M | |
| Net Tangible Assets | $ 112.5 M | |
| Total Current Assets | $ 116.2 M | |
| Cash and Short-Term Investments | $ 35.0 M | |
| Cash | $ 30.0 M | |
| Net Receivables | $ 13.9 M | |
| Inventory | $ 63.5 M | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 20.4 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 35.2 M | |
| Net Debt | — | |
| Total Debt | $ 6.6 M | |
| Total Liabilities | $ 42.8 M | |
| EQUITY | ||
| Total Equity | $ 116.0 M | |
| Retained Earnings | $ 93.6 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 20.33 | |
| Shares Outstanding | 5.706 M | |
| Revenue Per-Share | $ 3.35 | |
| VALUATION | Market Capitalization | $ 126.9 M |
| Enterprise Value | $ 98.5 M | |
| Enterprise Multiple | -35.082 | |
| Enterprise Multiple QoQ | 116.64 % | |
| Enterprise Multiple YoY | 491.367 % | |
| Enterprise Multiple IPRWA | high: 338.716 mean: 84.574 median: 68.042 SILC: -35.082 low: -157.605 |
|
| EV/R | 5.158 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.369 | |
| Asset To Liability | 3.712 | |
| Debt To Capital | 0.054 | |
| Debt To Assets | 0.042 | |
| Debt To Assets QoQ | 0.874 % | |
| Debt To Assets YoY | -0.12 % | |
| Debt To Assets IPRWA | high: 0.642 median: 0.244 mean: 0.208 SILC: 0.042 low: 0.01 |
|
| Debt To Equity | 0.057 | |
| Debt To Equity QoQ | 6.575 % | |
| Debt To Equity YoY | 13.848 % | |
| Debt To Equity IPRWA | high: 1.77 median: 0.63 mean: 0.527 SILC: 0.057 low: 0.014 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.094 | |
| Price To Book QoQ | 47.144 % | |
| Price To Book YoY | 60.583 % | |
| Price To Book IPRWA | high: 29.004 mean: 7.835 median: 6.366 SILC: 1.094 low: -8.728 |
|
| Price To Earnings (P/E) | -88.973 | |
| Price To Earnings QoQ | 97.62 % | |
| Price To Earnings YoY | 123.503 % | |
| Price To Earnings IPRWA | high: 391.742 mean: 124.495 median: 92.924 SILC: -88.973 low: -227.806 |
|
| PE/G Ratio | 3.361 | |
| Price To Sales (P/S) | 6.646 | |
| Price To Sales QoQ | 28.646 % | |
| Price To Sales YoY | 12.561 % | |
| Price To Sales IPRWA | high: 26.443 median: 19.792 mean: 15.955 SILC: 6.646 low: 0.753 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | -161.689 | |
| Forward PE/G | 6.108 | |
| Forward P/S | 95.89 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -0.005 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.123 | |
| Asset Turnover Ratio QoQ | 10.191 % | |
| Asset Turnover Ratio YoY | 28.121 % | |
| Asset Turnover Ratio IPRWA | high: 0.474 mean: 0.162 median: 0.126 SILC: 0.123 low: 0.043 |
|
| Receivables Turnover | 1.656 | |
| Receivables Turnover Ratio QoQ | 2.431 % | |
| Receivables Turnover Ratio YoY | 44.507 % | |
| Receivables Turnover Ratio IPRWA | high: 3.425 mean: 2.084 median: 1.96 SILC: 1.656 low: 0.512 |
|
| Inventory Turnover | 0.232 | |
| Inventory Turnover Ratio QoQ | -4.193 % | |
| Inventory Turnover Ratio YoY | -7.223 % | |
| Inventory Turnover Ratio IPRWA | high: 1.771 median: 1.093 mean: 1.057 SILC: 0.232 low: 0.204 |
|
| Days Sales Outstanding (DSO) | 55.09 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 380.347 | |
| Cash Conversion Cycle Days QoQ | -0.728 % | |
| Cash Conversion Cycle Days YoY | 2.325 % | |
| Cash Conversion Cycle Days IPRWA | SILC: 380.347 high: 272.087 mean: 106.406 median: 55.19 low: -108.637 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.236 | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 116.0 M | |
| Net Invested Capital | $ 116.0 M | |
| Invested Capital | $ 116.0 M | |
| Net Tangible Assets | $ 112.5 M | |
| Net Working Capital | $ 81.0 M | |
| LIQUIDITY | ||
| Cash Ratio | 0.995 | |
| Current Ratio | 3.301 | |
| Current Ratio QoQ | -20.465 % | |
| Current Ratio YoY | -55.527 % | |
| Current Ratio IPRWA | high: 6.25 SILC: 3.301 mean: 1.798 median: 1.121 low: 0.73 |
|
| Quick Ratio | 1.497 | |
| Quick Ratio QoQ | -32.522 % | |
| Quick Ratio YoY | -71.035 % | |
| Quick Ratio IPRWA | high: 3.505 SILC: 1.497 mean: 1.448 median: 0.931 low: 0.548 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -2.351 | |
| Cost Of Debt | 2.787 % | |
| Interest Coverage Ratio | -9.391 | |
| Interest Coverage Ratio QoQ | -0.071 % | |
| Interest Coverage Ratio YoY | -12.659 % | |
| Interest Coverage Ratio IPRWA | high: 48.917 mean: 12.873 median: 10.854 SILC: -9.391 low: -29.31 |
|
| Operating Cash Flow Ratio | -0.244 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 121.172 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.37 % | |
| Revenue Growth | 12.952 % | |
| Revenue Growth QoQ | 56.293 % | |
| Revenue Growth YoY | -1871.819 % | |
| Revenue Growth IPRWA | high: 33.034 % SILC: 12.952 % median: 3.131 % mean: 0.649 % low: -71.127 % |
|
| Earnings Growth | -26.471 % | |
| Earnings Growth QoQ | 376.44 % | |
| Earnings Growth YoY | -26.89 % | |
| Earnings Growth IPRWA | high: 100.0 % median: 4.0 % mean: -3.197 % SILC: -26.471 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 29.548 % | |
| Gross Margin QoQ | -0.852 % | |
| Gross Margin YoY | -0.572 % | |
| Gross Margin IPRWA | high: 74.628 % median: 61.897 % mean: 56.89 % SILC: 29.548 % low: 16.069 % |
|
| EBIT Margin | -14.703 % | |
| EBIT Margin QoQ | -11.529 % | |
| EBIT Margin YoY | -34.215 % | |
| EBIT Margin IPRWA | high: 43.259 % mean: 26.285 % median: 26.165 % SILC: -14.703 % low: -43.884 % |
|
| Return On Sales (ROS) | -14.703 % | |
| Return On Sales QoQ | -11.529 % | |
| Return On Sales YoY | -34.215 % | |
| Return On Sales IPRWA | high: 42.739 % mean: 25.66 % median: 24.868 % SILC: -14.703 % low: -43.884 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | -44.947 % | |
| Cash Flow To Earnings | 3.627 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | -1.522 % | |
| Return On Assets QoQ | -8.917 % | |
| Return On Assets YoY | -18.61 % | |
| Return On Assets IPRWA | high: 4.977 % mean: 2.776 % median: 2.597 % SILC: -1.522 % low: -5.098 % |
|
| Return On Capital Employed (ROCE) | -2.271 % | |
| Return On Equity (ROE) | -0.02 | |
| Return On Equity QoQ | -5.424 % | |
| Return On Equity YoY | -9.374 % | |
| Return On Equity IPRWA | high: 0.239 median: 0.067 mean: 0.066 SILC: -0.02 low: -0.295 |
|
| DuPont ROE | -2.027 % | |
| Return On Invested Capital (ROIC) | -1.452 % | |
| Return On Invested Capital QoQ | -23.134 % | |
| Return On Invested Capital YoY | -6.141 % | |
| Return On Invested Capital IPRWA | high: 6.911 % median: 4.495 % mean: 4.322 % SILC: -1.452 % low: -8.258 % |
|