Silicom Ltd. reported revenues of $15.6 million for the third quarter of 2025, compared to $14.8 million in the third quarter of 2024. The company recorded a GAAP net loss of $2.8 million, or $0.49 per ordinary share, versus a net loss of $2.6 million, or $0.44 per ordinary share, in the same quarter of the previous year. On a non-GAAP basis, the net loss for the quarter was $2.1 million, or $0.36 per share, compared to $1.7 million, or $0.28 per share, in the third quarter of 2024. For the first nine months of 2025, Silicom reported revenues of $45.0 million, up from $43.6 million in the same period of 2024. The GAAP net loss for the first nine months was $8.9 million, or $1.57 per share, versus $7.6 million, or $1.24 per share, for the corresponding period in 2024. On a non-GAAP basis, the net loss was $6.1 million, or $1.08 per share, compared to $4.9 million, or $0.80 per share, in the prior year period. Management projects fourth quarter 2025 revenues in the range of $15.0 million to $16.0 million. During the third quarter, Silicom achieved eight Design Wins in 2025 and expects double-digit growth in 2026 and beyond, targeting annual revenues of $150 to $160 million and an EPS above $3. For 2026, the company aims for 7 to 9 new Design Wins across all product lines, including FPGAs, Edge solutions, and Smart NICs.