Silicom shares rose after the company reported a narrower second-quarter loss, and raised revenue guidance for 2026.

The stock was 6% higher at $40.22, and is up 144% in the past 12 months.

The company reported a second-quarter loss of $2.1 million, or 37 cents a share, compared with a loss of $3.3 million, or 59 cents a share, in the same quarter last year.

Revenue for the quarter was $23.8 million, compared with last year's $15 million.

The company had an adjusted loss of 16 cents a share.

Silicom said it expects to see third-quarter revenue of $25 million to $26 million.

It also raised its full-year revenue guidance to $93 million to $95 million, from $82 million to $83 million.