STOCK TITAN

Silvaco (NASDAQ: SVCO) grows Q1 2026 revenue 26% and narrows loss

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Silvaco Group, Inc. reported strong first quarter 2026 results, with revenue of $17.8 million, up 26% year-over-year, and gross bookings of $17.2 million, also up 26%. Growth was led by SIP revenue of $4.0 million, up 270% year-over-year, and TCAD revenue of $9.6 million, up 22%, while EDA revenue declined to $4.1 million, down 20%.

GAAP gross margin improved to 86%, and the GAAP net loss narrowed to $5.9 million from $19.3 million a year earlier. On a non-GAAP basis, net loss was reduced to $0.6 million, or $0.02 per share, versus a $2.4 million loss, or $0.08 per share, in the prior-year quarter. Cash and cash equivalents were $10.9 million at quarter-end.

The company highlighted growing traction for its AI FTCO™ offering and a broader AI-focused product strategy. For the second quarter of 2026, Silvaco expects bookings of about $19.0 million, revenue of about $18.0 million, and non-GAAP gross margin around 88%, with non-GAAP operating expenses of roughly $15.5 million.

Positive

  • Rapid top-line growth and mix shift: Q1 2026 revenue rose 26% year-over-year to $17.8 million, with SIP revenue up 270% and TCAD up 22%, indicating strong demand in higher-growth product lines.
  • Sharp improvement toward profitability: GAAP net loss narrowed to $5.9 million from $19.3 million, and non-GAAP net loss fell to $0.6 million, with guidance pointing to potential profitability in Q2 2026.

Negative

  • Continuing losses and cash burn: Despite improving results, Silvaco still posted a GAAP net loss of $5.9 million in Q1 2026 and used $11.0 million of cash in operating activities for the quarter.

Insights

Silvaco is growing quickly, improving margins, and guiding toward near-term profitability.

Silvaco delivered Q1 2026 revenue of $17.8M, up 26% year-over-year, with bookings also up 26% to $17.2M. Growth was driven by SIP revenue rising 270% to $4.0M and TCAD up 22% to $9.6M, while EDA declined 20% to $4.1M.

Profitability metrics improved meaningfully. GAAP gross margin expanded to 86%, and GAAP net loss shrank to $5.9M from $19.3M. On a non-GAAP basis, net loss was nearly breakeven at $0.6M. Management also noted the first sequential increase in unrestricted cash since the IPO and a non-binding term sheet for a $10M revolving credit line.

Guidance for Q2 2026 targets bookings of $19.0M (+/-10%), revenue of $18.0M (+/-10%), non-GAAP gross margin around 88%, and non-GAAP operating expenses near $15.5M (+/-5%). Management stated they are guiding to profitability in Q2 and see a path to positive operating cash flow later in the year, supported by AI FTCO™ traction and an AI-centric product strategy.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q1 2026 revenue $17.8M Up 26% year-over-year
Q1 2026 GAAP net loss $5.9M Improved from $19.3M in Q1 2025
Q1 2026 non-GAAP net loss $0.6M Non-GAAP net loss reduced from $2.4M in Q1 2025
Q1 2026 bookings $17.2M Gross bookings, up 26% year-over-year
Q1 2026 GAAP gross margin 86% Up 779 basis points year-over-year
Q1 2026 non-GAAP gross margin 88% Up 788 basis points year-over-year
Cash and cash equivalents $10.9M Balance at March 31, 2026
Q2 2026 revenue guidance $18.0M Company outlook, +/-10%
TCAD technical
"a provider of TCAD, EDA software, and SIP solutions that enable"
EDA technical
"a provider of TCAD, EDA software, and SIP solutions that enable"
SIP technical
"TCAD, EDA software, and SIP solutions that enable innovative"
A Securities Information Processor (SIP) is the centralized system that collects and publishes the official best bid and offer prices and recent trades across multiple stock exchanges, acting like a single public scoreboard that shows the prevailing market price. Investors rely on it to see a consolidated, trustworthy view of price and volume so they can make timely buy or sell decisions; differences between the SIP and faster exchange feeds can affect execution quality and perceived market fairness.
Non-GAAP gross margin financial
"Non-GAAP gross margin of 88%, up 788 basis points year-over-year."
Non-GAAP gross margin is a measure of a company's profitability that shows how much money it makes from sales after subtracting the direct costs of producing its products or services, but without applying certain accounting adjustments required by standard rules. It helps investors understand the company's core earning ability by excluding items like one-time expenses or accounting changes. This metric provides a clearer picture of ongoing business performance beyond official financial reports.
bookings financial
"Gross bookings were $17.2 million, up 26% year-over-year."
"Bookings" refer to the total value of new sales or agreements a company secures during a specific period. It shows how much business the company has signed up for, even if the products or services haven't been delivered yet. This figure helps investors understand the company's future growth potential.
emerging growth company regulatory
"Emerging growth company Item 2.02 Results of Operations and Financial Condition."
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Revenue $17.8M +26% YoY
GAAP net loss $5.9M vs. $19.3M in Q1 2025
Non-GAAP net loss $0.6M vs. $2.4M in Q1 2025
Bookings $17.2M +26% YoY
GAAP gross margin 86% up 779 bps YoY
Guidance

For Q2 2026, Silvaco expects bookings of $19.0M +/-10%, revenue of $18.0M +/-10%, non-GAAP gross margin around 88%, and non-GAAP operating expenses of $15.5M +/-5%.

FALSE000194328900019432892026-05-072026-05-0700019432892025-03-052025-03-05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2026
Silvaco Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
001-42043
27-1503712
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification Number)
Silvaco Group Inc.
4701 Patrick Henry Drive, Building #23
Santa Clara, CA 95054
(Address of principal executive offices, including Zip Code)
Registrant’s telephone number, including area code: (408) 567-1000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol
Name of each exchange
on which registered
Common stock, $0.0001 par value per shareSVCOThe Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 2.02 Results of Operations and Financial Condition.

On May 7, 2026, Silvaco Group, Inc. issued a press release announcing its financial results for the first fiscal quarter ended March 31, 2026, and posted to its website supplemental financial information in connection therewith. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information furnished under this Item 2.02 and in the accompanying Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.
Exhibit No.Description
99.1
Press release issued by Silvaco Group, Inc. dated May 7, 2026
104Cover page interactive data file (embedded within the Inline XBRL document)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SILVACO GROUP, INC.
Date: May 7, 2026By:/s/ Christopher J. Zegarelli
Christopher J. Zegarelli
Chief Financial Officer

Exhibit 99.1
Silvaco Reports First Quarter 2026 Financial Results

-- Financial performance: bookings, revenue, gross margin and profitability exceeded consensus --

-- AI FTCOTM 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 7, 2026 -- 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:

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.

Second Quarter Financial Outlook

As of May 7, 2026, Silvaco is providing guidance for its second quarter of 2026, which represents Silvaco’s current estimates of its operations and financial results. The financial information below represents forward-looking financial information and in some instances forward-looking, non-GAAP financial information, including estimates of Bookings, non-GAAP gross margin and non-GAAP operating expenses. GAAP gross margin is the most comparable GAAP measure to non-GAAP gross margin and GAAP operating expenses are the most comparable GAAP measures to non-GAAP operating expenses. Non-GAAP gross margin differs from GAAP gross margin in that it excludes items such as stock-based compensation expense, acquisition related costs and restructuring, executive severance and other related costs. Non-GAAP operating expenses differ from GAAP operating expenses in that they exclude items such as acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, and restructuring, executive severance and other related costs. Silvaco is unable to predict with reasonable certainty the ultimate outcome of these exclusions without unreasonable effort. Therefore, Silvaco has not provided guidance for GAAP gross margin or GAAP operating expenses or a reconciliation of the forward-looking non-GAAP gross margin or non-GAAP operating expenses to GAAP gross margin or GAAP operating expenses, respectively. However, it is important to note that these excluded items could be material to our results computed in accordance with GAAP in future periods.






Based on current business trends and conditions, the Company expects for second quarter 2026 the following:

Bookings of $19.0 million +/- 10%.
Revenue of $18.0 million +/- 10%.
Non-GAAP gross margin of around 88%.
Non-GAAP operating expenses of $15.5 million +/- 5%.


First Quarter 2026 Conference Call Details

A press release highlighting the Company's results along with supplemental financial results will be available at https://investors.silvaco.com/. An archived replay of the conference call will be available on this website for a limited time after the call. Participants who want to join the call and ask a question may register for the call here to receive the dial-in numbers and unique PIN.

Date: Thursday, May 7, 2026
Time: 5:00 p.m. Eastern time
Webcast: Here (live and replay)

About Silvaco

Silvaco is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco’s solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Egypt, Brazil, China, Japan, Korea, Singapore, Vietnam, and Taiwan.

Safe Harbor Statement

This press release contains forward-looking statements based on Silvaco's current expectations. The words “believe”, “estimate”, “expect”, “intend”, “anticipate”, “plan”, “project”, “will”, and similar phrases as they relate to Silvaco are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of Silvaco and are subject to various risks and uncertainties that could cause actual results to differ materially from expectations.

These forward-looking statements include but are not limited to, statements regarding our future operating results, financial position, and guidance, our business strategy and plans, our objectives for future operations, our development or delivery of new or enhanced products, and anticipated results of those products for our customers, our competitive positioning, projected costs, technological capabilities, and plans, and macroeconomic trends.

A variety of risks and factors that are beyond our control could cause actual results to differ materially from those in the forward-looking statements including, without limitation, the following: (a) market conditions; (b) anticipated trends, challenges and growth in our business and the markets in which we operate; (c) our ability to appropriately respond to changing technologies on a timely and cost-effective



basis; (d) the size and growth potential of the markets for our software solutions, and our ability to serve those markets; (e) our expectations regarding competition in our existing and new markets; (f) the level of demand in our customers’ end markets; (g) regulatory developments in the United States and foreign countries; (h) changes in trade policies, including the imposition of tariffs; (i) proposed new software solutions, services or developments; (j) our ability to attract and retain key management personnel; (k) our customer relationships and our ability to retain and expand our customer relationships; (l) our ability to diversify our customer base and develop relationships in new markets; (m) the strategies, prospects, plans, expectations, and objectives of management for future operations; (n) public health crises, pandemics, and epidemics and their effects on our business and our customers’ businesses; (o) the impact of the current conflicts between Ukraine and Russia, Israel and Hamas, and the United States and Israel on the one hand and Iran and other regional adversaries on the other, and the ongoing trade disputes among the United States and China on our business, financial condition or prospects, including extreme volatility in the global capital markets making debt or equity financing more difficult to obtain, more costly or more dilutive, delays and disruptions of the global supply chains and the business activities of our suppliers, distributors, customers and other business partners; (p) changes in general economic or business conditions or economic or demographic trends in the United States and foreign countries including changes in tariffs, interest rates and inflation; (q) our ability to raise additional capital; (r) our ability to accurately forecast demand for our software solutions; (s) our ability to successfully retain key personnel, integrate and realize the benefits of acquisitions; (t) our expectations regarding the period during which we qualify as an emerging growth company under the JOBS Act and as a smaller reporting company under the Exchange Act; (u) our expectations regarding our ability to obtain, maintain, protect and enforce intellectual property protection for our technology; and (v) our status as a controlled company.

It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Accordingly, you should not rely on any of the forward-looking statements. Additional information relating to the uncertainty affecting Silvaco’s business is contained in Silvaco’s filings with the Securities and Exchange Commission. These documents are available on the SEC Filings section of the Investor Relations section of Silvaco’s website at http://investors.silvaco.com/. These forward-looking statements represent Silvaco’s expectations as of the date of this press release. Subsequent events may cause these expectations to change, and Silvaco disclaims any obligation to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise.

Discussion of Non-GAAP Financial Measures and Other Key Business Metrics

We use certain non-GAAP financial measures and key business metrics to supplement the performance measures in our consolidated financial statements, which are presented in accordance with GAAP. These non-GAAP financial measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP basic and diluted net income (loss) per share. Key business metrics include bookings. We use these non-GAAP financial measures and key business metrics for financial and operational decision-making and as a means to assist us in evaluating period-to-period comparisons.

We define non-GAAP gross profit as our GAAP gross profit adjusted to exclude certain costs, including stock-based compensation expense, acquisition related costs, and restructuring, executive severance and other related costs. We define non-GAAP gross margin as the ratio of non-GAAP gross profit to revenue. We define non-GAAP operating income (loss), as our GAAP operating income (loss) adjusted to exclude certain costs, including acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, and restructuring, executive severance and other related costs. We define non-GAAP net income (loss) as our GAAP net income (loss) adjusted to exclude certain costs, including



acquisition related costs, stock-based compensation expense, amortization of acquired intangible assets, restructuring, executive severance and other related costs, and the income tax effect on non-GAAP items. Our non-GAAP basic and diluted net income (loss) per share is calculated in the same way as our non-GAAP net income (loss), but on a per share basis. We monitor non-GAAP gross profit, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share as non-GAAP financial measures to supplement the financial information we present in accordance with GAAP to provide investors with additional information regarding our financial results.

Certain items are excluded from our non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share because these items are non-cash in nature or are not indicative of our core operating performance and render comparisons with prior periods and competitors less meaningful. We adjust GAAP gross profit, GAAP gross margin, GAAP operating income (loss), GAAP net income (loss), and GAAP basic and diluted net income (loss) per share for these items to arrive at non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss), and non-GAAP basic and diluted net income (loss) per share because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structure and the method by which the assets were acquired. By excluding certain items that may not be indicative of our recurring core operating results, we believe that non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating income (loss), non-GAAP net income (loss) and non-GAAP basic and diluted net income (loss) per share provide meaningful supplemental information regarding our performance.

We believe these non-GAAP financial measures are useful to investors and others because they allow for additional information with respect to financial measures used by management in its financial and operational decision-making and they may be used by our institutional investors and the analyst community to help them analyze our financial performance and the health of our business. However, there are a number of limitations related to the use of non-GAAP financial measures, and these non-GAAP measures should be considered in addition to, not as a substitute for or in isolation from, our financial results prepared in accordance with GAAP. Other companies, including companies in our industry, may calculate these non-GAAP financial measures differently or not at all, which reduces their usefulness as comparative measures.

We define a booking as a signed contract and related purchase commitment from a customer, based on the value set forth in a purchase order. We believe bookings are a useful metric to measure whether we are successful in our sales efforts with new and existing customers and provide an indication of trends in our operating results that are not necessarily reflected in our revenue. Reported bookings may be subject to adjustments and potential cancellations prior to the satisfaction of our customer obligations.



SILVACO GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands except share and par value amounts)
March 31, 2026December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents$10,925 $9,008 
Accounts receivable, net9,192 9,710 
Short-term marketable securities— 1,018 
Contract assets, net13,781 13,362 
Prepaid expenses and other current assets
4,269 4,728 
Restricted cash— 8,250 
Total current assets38,167 46,076 
Non-current assets:
Property and equipment, net1,372 1,525 
Operating lease right-of-use assets, net2,017 3,114 
Intangible assets, net24,910 26,027 
Goodwill30,070 30,070 
Non-current portion of contract assets, net13,324 14,272 
Other assets1,590 1,558 
Total non-current assets73,283 76,566 
Total assets$111,450 $122,642 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable$3,558 $3,483 
Accrued expenses and other current liabilities10,284 19,397 
Accrued income taxes2,071 2,486 
Operating lease liabilities, current1,032 1,121 
Deferred revenue, current8,824 10,751 
Vendor financing obligation, current1,191 1,165 
Total current liabilities26,960 38,403 
Non-current liabilities:
Deferred revenue, non-current4,728 5,157 
Operating lease liabilities, non-current965 1,961 
Vendor financing obligation, non-current2,084 2,038 
Other non-current liabilities— 94 
Total liabilities34,737 47,653 
Stockholders' equity:
Common stock
Additional paid-in capital154,007 146,136 
Accumulated deficit(75,078)(69,218)
Accumulated other comprehensive loss(2,219)(1,932)
Total stockholders' equity76,713 74,989 
Total liabilities and stockholders' equity$111,450 $122,642 





SILVACO GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited, in thousands except share and per share amounts)
 Three Months Ended March 31,
20262025
Revenue:
Software license revenue$11,609 $10,009 
Maintenance and service6,146 4,083 
Total revenue17,755 14,092 
Cost of revenue2,417 3,016 
Gross profit15,338 11,076 
Operating expenses:
Research and development9,159 4,800 
Selling and marketing4,822 4,719 
General and administrative7,014 8,120 
Litigation settlement— 13,069 
Total operating expenses20,995 30,708 
Operating loss(5,657)(19,632)
Interest income47 863 
Interest and other expense, net(114)(291)
Loss before income tax provision(5,724)(19,060)
Income tax provision136 213 
Net loss$(5,860)$(19,273)
Net loss per share attributable to common stockholders:
Basic$(0.19)$(0.67)
Diluted$(0.19)$(0.67)
Weighted average shares used in computing per share amounts:
Basic31,365,903 28,694,295 
Diluted31,365,903 28,694,295 



SILVACO GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited, in thousands)

Three Months Ended March 31,
20262025
Cash flows from operating activities:
Net loss$(5,860)$(19,273)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization1,273 438 
Stock-based compensation expense2,954 2,277 
Provision for estimated credit losses132 10 
Accretion of discount on marketable securities, net15 (261)
Litigation settlement— 13,069 
Change in fair value of contingent consideration76 35 
Changes in operating assets and liabilities:
Accounts receivable490 3,520 
Contract assets120 440 
Prepaid expenses and other current assets244 (1,026)
Other assets(41)119 
Accounts payable69 (1,183)
Accrued expenses and other current liabilities(7,889)55 
Accrued income taxes(415)58 
Deferred revenue(2,142)567 
Other non-current liabilities(48)20 
Net cash used in operating activities(11,022)(1,135)
Cash flows from investing activities:
Maturities of marketable securities1,000 23,000 
Acquisition of businesses— (11,500)
Purchases of property and equipment— (96)
Net cash provided by investing activities1,000 11,404 
Cash flows from financing activities:
Net proceeds from issuance of common stock3,992 — 
Payment of payroll taxes related to shares withheld from employees(261)(252)
Payments of contingent consideration(43)(46)
Payments of vendor financing obligation— (205)
Net cash provided by (used in) financing activities3,688 (503)
Effect of exchange rate fluctuations on cash and cash equivalents1 117 
Net (decrease) increase in cash and cash equivalents(6,333)9,883 
Cash, cash equivalents, and restricted cash, beginning of period17,258 19,606 
Cash and cash equivalents, end of period$10,925 $29,489 





SILVACO GROUP, INC.
REVENUE
(Unaudited)
20252026
Q1Q2Q3Q4YearQ1
Revenue by Region:
Americas20%36%55%35%38%44%
APAC66%57%40%57%54%48%
EMEA14%7%5%8%8%8%
Total revenue100%100%100%100%100%100%
Revenue by Product Line:
TCAD56%56%35%48%48%54%
EDA36%29%56%24%37%23%
SIP8%15%9%28%15%23%
Total revenue100%100%100%100%100%100%
Revenue Item Category:
Software license revenue71%60%74%65%68%65%
Maintenance and service29%40%26%35%32%35%
Total revenue100%100%100%100%100%100%
Revenue by Country:
United States20%30%55%34%37%44%
China14%28%16%22%20%15%
Other66%42%29%44%43%41%
Total revenue100%100%100%100%100%100%



SILVACO GROUP, INC.
GAAP to Non-GAAP Reconciliation
(Unaudited, in thousands except per share amounts)
Three Months Ended
3/31/20263/31/2025
GAAP Gross profit$15,338 $11,076 
Add: Stock-based compensation expense214 199 
Add: Acquisition related costs— 
Add: Restructuring, executive severance and other related costs63 — 
Non-GAAP Gross profit$15,615 $11,283 
GAAP Gross Margin86 %79 %
Non-GAAP Gross Margin88 %80 %
GAAP Operating loss$(5,657)$(19,632)
Add: Stock-based compensation expense2,374 2,269 
Add: Acquisition related costs241 14,498 
Add: Restructuring, executive severance and other related costs1,703 — 
Add: Amortization of acquired intangible assets868 113 
Non-GAAP Operating loss$(471)$(2,752)
GAAP Net loss$(5,860)$(19,273)
Add: Stock-based compensation expense2,374 2,269 
Add: Acquisition related costs341 14,533 
Add: Restructuring, executive severance and other related costs1,703 — 
Add: Amortization of acquired intangible assets868 113 
Add (Less): Income tax effect of non-GAAP adjustment— (5)
Non-GAAP Net loss$(574)$(2,363)
GAAP Net loss per share:
Basic$(0.19)$(0.67)
Diluted(0.19)(0.67)
Non-GAAP Net loss per share:
Basic(0.02)(0.08)
Diluted(0.02)(0.08)
Weighted average shares used in GAAP and non-GAAP net loss per share:
Basic31,365,903 28,694,295 
Diluted31,365,903 28,694,295 






Investor Contact:
Greg McNiff
investors@silvaco.com

Media Contact:
press@silvaco.com



FAQ

How did Silvaco (SVCO) perform financially in Q1 2026?

Silvaco reported Q1 2026 revenue of $17.8 million, up 26% year-over-year, with gross bookings of $17.2 million, also up 26%. GAAP net loss narrowed to $5.9 million, while non-GAAP net loss improved to $0.6 million, or $0.02 per share.

What were Silvaco’s key segment results in Q1 2026?

In Q1 2026, TCAD revenue was $9.6 million (up 22% year-over-year), EDA revenue was $4.1 million (down 20%), and SIP revenue reached $4.0 million (up 270%). This shows strong growth in SIP and TCAD, partially offset by weaker EDA performance.

What Q2 2026 guidance did Silvaco (SVCO) provide?

For Q2 2026, Silvaco expects bookings of about $19.0 million (+/-10%), revenue of about $18.0 million (+/-10%), non-GAAP gross margin around 88%, and non-GAAP operating expenses near $15.5 million (+/-5%). Management indicated they are guiding to profitability in Q2.

What is driving Silvaco’s growth in AI FTCO and SIP?

Silvaco highlighted new AI FTCO™ customer wins, expanded AI FTCO functionality, and growing interest from governments and power and semiconductor equipment markets. SIP revenue surged 270% year-over-year to $4.0 million, reflecting stronger demand for IP content and AI-related solutions.

What is Silvaco’s cash position and balance sheet outlook?

At March 31, 2026, Silvaco held $10.9 million in cash and cash equivalents and total assets of $111.5 million. The company used $11.0 million of cash in operating activities in Q1 2026 and signed a non-binding term sheet for a $10 million revolving credit line.

Filing Exhibits & Attachments

4 documents