Silicom sees Q4 revenue $20M-$21M, one estimate $31.6M

As part of its Q3 earnings release yesterday, the company stated: “Given our customers’ continued draw-down of the high component inventories they built during Covid and persistent macro-economic headwinds, we project that Q4 revenues will range between $20 and $21 million, and that 2024 as a whole will be challenging. However, we expect to return to double digit growth in 2025.”