Silicom sees Q3 revenue $30M-$31M, one estimate $44.06M

With supply chain issues and component lead times easing, some of the company’s major customers have begun drawing down the inventories they had stockpiled during the component shortages period. In addition, with broad expectations of a slowing macro economy, some of the company’s recent design wins have been ramping more slowly and cautiously than originally expected. As such, the company projects that Q3 will be a slower quarter, with revenues ranging between $30M-$31M.