Silicom Sees Q2 Revenue $15M-$17M; FY24 Revenue ~$70M
Portfolio Pulse from Benzinga Newsdesk
Silicom projects Q2 2024 revenues to be between $15M-$17M, with an anticipation of easing customer inventories and global economic headwinds, leading to a stronger H2 and a total FY24 revenue of approximately $70M.
May 02, 2024 | 12:17 pm
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Silicom anticipates Q2 2024 revenues between $15M-$17M and expects a total FY24 revenue of ~$70M, indicating a positive outlook for H2 2024.
Silicom's guidance suggests a positive revenue trajectory for FY24, indicating management's confidence in overcoming current economic challenges and inventory issues. This outlook could positively influence investor sentiment and stock performance in the short term, as it reflects potential growth and stability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100