May 7, 2026
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“Silvaco got off to a great start in 2026,” said Walden Rhines, Silvaco’s Chief Executive Officer. “Financially, we delivered results ahead of expectations, delivered solid 26% year-over-year growth in revenue and are guiding to profitability in Q2. We saw continued momentum with AI FTCO™, with a new customer, new functionality, and strong interest from multiple potential new customers. We also accelerated our strategic pivot with a focus on AI across products and the company. The newly energized Silvaco is excited to accelerate AI adoption and deployments and to partner with customers.”
Chris Zegarelli, Silvaco’s Chief Financial Officer, added, “Silvaco delivered solid results in Q1, with bookings, revenue, gross margin and profitability all ahead of expectations. We saw unrestricted cash grow sequentially for the first time since the IPO and signed a non-binding term sheet with our banking partner for a $10 million revolving line of credit. Looking forward, we see a path to profitability in Q2 and positive operating cash flow later in the year. We are excited about our momentum and look forward to continuing to deliver on our commitment to profitable growth.”
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– Financial performance: bookings, revenue, gross margin and profitability exceeded consensus –
– AI FTCO™ traction: New customer win, new functionality, and broadening customer interest –
– Strategic pivot: AI increasingly embedded into products to accelerate customers’ time to market –
– AI FTCO™ traction: New customer win, new functionality, and broadening customer interest –
– Strategic pivot: AI increasingly embedded into products to accelerate customers’ time to market –
SANTA CLARA, Calif., May 07, 2026 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (Nasdaq: SVCO) (“Silvaco” or the “Company”), a provider of TCAD, EDA software, and SIP solutions that enable innovative semiconductor design and digital twin modeling through AI software and innovation, today announced its first quarter 2026 results.
“Silvaco got off to a great start in 2026,” said Walden Rhines, Silvaco’s Chief Executive Officer. “Financially, we delivered results ahead of expectations, delivered solid 26% year-over-year growth in revenue and are guiding to profitability in Q2. We saw continued momentum with AI FTCO™, with a new customer, new functionality, and strong interest from multiple potential new customers. We also accelerated our strategic pivot with a focus on AI across products and the company. The newly energized Silvaco is excited to accelerate AI adoption and deployments and to partner with customers.”
Chris Zegarelli, Silvaco’s Chief Financial Officer, added, “Silvaco delivered solid results in Q1, with bookings, revenue, gross margin and profitability all ahead of expectations. We saw unrestricted cash grow sequentially for the first time since the IPO and signed a non-binding term sheet with our banking partner for a $10 million revolving line of credit. Looking forward, we see a path to profitability in Q2 and positive operating cash flow later in the year. We are excited about our momentum and look forward to continuing to deliver on our commitment to profitable growth.”
First Quarter 2026 and Recent Business Highlights
- - Secured new AI FTCO customer in Q1’26 and expect another new AI FTCO customer win in Q2’26.
- - Broadened AI FTCO product offering to include new functionality and received order from an existing AI FTCO customer for that new offering.
- - Broadening interest in fully adopting AI FTCO from governments, power applications and semiconductor equipment companies.
- - TCAD bookings up 13% sequentially and almost 50% year-on-year to $10.5 million, driven by AI FTCO and Power Semiconductor end applications.
- - Released more than 160 PRO IP parts including 80 Mixel MIPI PHYs and multiple PRO Memory Compilers and Soft IP.
- - Launched AI-driven version of Utmost, which now delivers up to 10x performance improvements, a machine learning optimizer, and other runtime enhancements.
- - Announced partnership with ITRI to support MCU development and startup innovation.
First Quarter 2026 Financial Results
GAAP Financial Results:
GAAP Financial Results:
- - Revenue of $17.8 million, up 26% year-over-year.
- - TCAD revenue of $9.6 million, up 22% year-over-year.
- - EDA revenue of $4.1 million, down 20% year-over-year.
- - SIP revenue of $4.0 million, up 270% year-over-year.
- - GAAP gross margin of 86%, up 779 basis points year-over-year.
- - GAAP operating loss of $5.7 million, compared to $19.6 million operating loss in Q1 2025.
- - GAAP net loss of $5.9 million, compared to $19.3 million net loss in Q1 2025.
- - GAAP basic and diluted net loss per share of $0.19, compared to basic and diluted net loss per share of $0.67 in Q1 2025.
- - As of quarter-end, cash and cash equivalents totaled $10.9 million.
Key Operating Indicators and Non-GAAP Financial Results:
- - Gross bookings were $17.2 million, up 26% year-over-year.
- - Non-GAAP gross margin of 88%, up 788 basis points year-over-year.
- - Non-GAAP operating loss of $0.5 million, compared to $2.8 million operating loss in Q1 2025.
- - Non-GAAP net loss of $0.6 million, compared to $2.4 million net loss in Q1 2025.
- - Non-GAAP basic and diluted net loss per share of $0.02, compared to basic and diluted net loss per share of $0.08 in Q1 2025.
For a discussion of the non-GAAP metrics presented in this press release, as well as a reconciliation of non-GAAP metrics to the nearest comparable GAAP metric, see “Discussion of Non-GAAP Financial Measures” and “GAAP to Non-GAAP Reconciliation” in the accompanying tables below.
Supplementary materials to this press release, including first quarter 2026 financial results, can be found at https://investors.silvaco.com/financial-information/quarterly-results.
Read Full Press Release Here
Supplementary materials to this press release, including first quarter 2026 financial results, can be found at https://investors.silvaco.com/financial-information/quarterly-results.
Read Full Press Release Here