Record Quarterly Revenue and Bookings
Silvaco achieved record quarterly revenue of $18.7 million, up 70% year-over-year, and bookings increased 131% year-over-year to $22.8 million.
Gross Margin Improvement
GAAP gross margin in Q3 was 77.9%, up 326 basis points year-over-year, and non-GAAP gross margin was 81.5%, up 179 basis points year-over-year.
Strategic Acquisition of Mixel
The acquisition of Mixel is expected to drive significant growth in the IP business, leveraging Silvaco's sales force to expand reach.
Key Growth in AI and Interconnect IP
Silvaco is focusing on core growth drivers like AI and Interconnect IP, with products such as FTCO and Jivaro gaining traction with major companies like NVIDIA and Samsung.