Silvaco Group Reports Strong 2024 Financial Performance

Silvaco Group, Inc. ( (SVCO) ) has released its Q4 earnings. Here is a breakdown of the information Silvaco Group, Inc. presented to its investors.

Silvaco Group, Inc., headquartered in Santa Clara, California, is a provider of TCAD, EDA software, and SIP solutions that facilitate semiconductor design and digital twin modeling through AI software and automation, serving a variety of markets including automotive, memory, and display.

In its latest earnings report, Silvaco announced record gross bookings of $65.8 million and revenue of $59.7 million for the full year 2024. The company also expanded its customer base by signing 46 new clients and made significant strides in its product portfolio with the acquisition of Cadence’s Process Proximity Compensation Product Line.

Key financial highlights for the fourth quarter of 2024 include a 43% year-over-year increase in revenue to $17.9 million, with TCAD revenue seeing a notable 65% rise. Silvaco achieved a GAAP net income of $4.2 million, a significant turnaround from a net loss in the previous year. The company also reported a strong non-GAAP net income of $4.3 million, up from a loss in the same quarter of the previous year.

Strategically, Silvaco has expanded its reach in the EMEA market through a partnership with Micon Global and reinforced its leadership in innovation by joining the SMART USA Institute. The acquisition of Cadence’s product line is expected to complement Silvaco’s existing EDA and TCAD tool suites, positioning the company for further growth.

Looking ahead, Silvaco’s management remains optimistic about 2025, with expectations of increased gross bookings and revenue. The company plans to continue its focus on innovation and execution to drive growth in its EDA and TCAD product lines.