Sivers Semiconductors AB (SE:SIVE)
:SIVE
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Sivers Semiconductors AB
(SIVE)
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Rating:52Neutral
Price Target:
kr13.50
▲(36.36% Upside)
Action:ReiteratedDate:04/11/26
The score is held back primarily by weak financial performance—ongoing net losses and negative operating/free cash flow—despite strong revenue growth and a relatively supportive balance sheet. Technical indicators are constructive and provide the main offset, while valuation remains pressured due to negative earnings and no stated dividend yield.
Positive Factors
Revenue Growth
A ~133% increase in reported 2025 revenue versus 2024 indicates durable commercial traction in target markets (5G, mmWave, photonics). Sustained top-line expansion supports scaling production, strengthens bargaining with suppliers/foundries, and increases the probability that design-wins convert into multi-year production contracts.
Negative Factors
Persistent Cash Burn
Consistently negative operating and free cash flow reflect that core operations do not self-fund and the company requires ongoing external financing. This structural cash burn increases dilution and refinancing risk, limits strategic optionality, and pressures margins if higher-cost funding or accelerated revenue conversion cannot be secured.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~133% increase in reported 2025 revenue versus 2024 indicates durable commercial traction in target markets (5G, mmWave, photonics). Sustained top-line expansion supports scaling production, strengthens bargaining with suppliers/foundries, and increases the probability that design-wins convert into multi-year production contracts.
Read all positive factors
Sivers Semiconductors AB (SIVE) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr3.96B
Dividend YieldN/A
Average Volume (3M)1.71M
Price to Earnings (P/E)―
Beta (1Y)-0.35
Revenue Growth24.53%
EPS Growth35.12%
CountrySE
Employees128
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.18
Shares Outstanding296,534,760
10 Day Avg. Volume1,870,959
30 Day Avg. Volume1,712,888
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)1.04
Price to Sales (P/S)3.67
P/FCF Ratio-8.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.31
Revenue Forecast (FY)kr360.23M
Sivers Semiconductors AB Business Overview & Revenue Model
Company Description
Sivers Semiconductors AB (publ), through its subsidiaries, develops, manufactures, and sells chips, components, modules, and subsystems in North America, Europe, and Asia. The company operates in two business areas, Wireless and Photonics. It prov...
How the Company Makes Money
Sivers Semiconductors primarily makes money by selling semiconductor products and related engineering/services into communications markets. Key revenue streams include: (1) Product sales of RF/microwave and millimeter-wave components, front-end mo...
Sivers Semiconductors AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
68
Positive
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 304.10M | 243.80M | 236.33M | 132.61M | 90.65M |
| Gross Profit | 265.30M | 208.66M | 218.87M | 142.96M | 116.46M |
| EBITDA | -45.30M | -14.22M | -32.66M | 14.11M | -124.02M |
| Net Income | -186.50M | -116.30M | -157.38M | -86.38M | -133.70M |
Balance Sheet | |||||
| Total Assets | 1.45B | 1.57B | 1.51B | 1.57B | 951.38M |
| Cash, Cash Equivalents and Short-Term Investments | 43.50M | 17.80M | 25.52M | 55.69M | 456.24M |
| Total Debt | 122.20M | 167.46M | 47.04M | 83.88M | 48.28M |
| Total Liabilities | 374.60M | 392.00M | 308.18M | 331.02M | 152.48M |
| Stockholders Equity | 1.08B | 1.18B | 1.20B | 1.24B | 798.90M |
Cash Flow | |||||
| Free Cash Flow | -124.40M | -80.58M | -159.70M | -222.47M | -175.23M |
| Operating Cash Flow | -57.20M | -72.01M | -105.86M | -137.46M | -82.97M |
| Investing Cash Flow | -54.90M | -27.45M | -60.04M | -165.99M | -245.01M |
| Financing Cash Flow | 129.70M | 91.17M | 144.99M | 35.20M | 376.41M |
Sivers Semiconductors AB Technical Analysis
Positive
9.90
Price Trends
5.91
Positive
4.85
Positive
4.34
Positive
Market Momentum
1.80
Negative
66.27
Neutral
66.70
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SIVE, the sentiment is Positive. The current price of 9.9 is above the 20-day moving average (MA) of 9.90, above the 50-day MA of 5.91, and above the 200-day MA of 4.34, indicating a bullish trend. The MACD of 1.80 indicates Negative momentum. The RSI at 66.27 is Neutral, neither overbought nor oversold. The STOCH value of 66.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:SIVE.
Sivers Semiconductors AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | kr716.09M | 52.29 | 22.29% | 0.48% | 27.82% | 305.33% | |
52 Neutral | kr3.96B | -5.98 | -16.62% | ― | 24.53% | 35.12% | |
51 Neutral | kr306.45M | -22.37 | 8.68% | ― | 9.30% | ― | |
47 Neutral | kr248.54M | -18.80 | -5.81% | ― | -9.79% | -144.24% | |
44 Neutral | kr63.66M | -2.29 | -24.59% | ― | -48.24% | -48.99% | |
43 Neutral | kr427.33M | -8.02 | -52.89% | ― | 53.78% | 19.38% |
* Technology Sector Average
SE:SIVE
Sivers Semiconductors AB
13.40
10.12
308.54%
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Sivers Semiconductors AB Corporate Events
Sivers Semiconductors Grows Revenue in 2025 but Losses Deepen Amid Strategic Expansion
Feb 26, 2026
Sivers Semiconductors AB, a specialist in semiconductor solutions for high-speed and energy-efficient data communications, serves customers in wireless access, advanced electronics distribution, and space applications. Its technology portfolio pos...
Sivers Semiconductors Delivers Record 2025 Revenues and Expands Strategic Contracts
Feb 26, 2026
Sivers Semiconductors reported record full-year 2025 revenues of SEK 304.1 million, up 25% year-on-year, and a solid Q4 revenue increase despite currency headwinds, while improving adjusted EBITDA though remaining loss-making at the EBIT and net l...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.