• Reported GAAP EPS of -$0.24 down -271.43% YoY • Reported revenue of $18.25M up 2.20% YoY • Silvaco expects Q1 2026 bookings and revenue in the range of $15M to $19M, with non-GAAP gross margin around 85% and non-GAAP operating expenses between $14.5M and $16.5M.
Bullish
Silvaco secured a second AI/ML FTCO customer and achieved record SIP revenue growth. The company is also executing cost reductions ahead of expectations and acquiring new customers.
Bearish
Silvaco's GAAP operating and net losses increased significantly in Q4 and full year 2025, while TCAD revenue and gross bookings declined. Cash and cash equivalents also decreased.