Silvaco Group, Inc. (SVCO)
NASDAQ:SVCO
Top Page
Silvaco Group, Inc.
(NASDAQ:SVCO)
Select Model
Select Model
Rating:53Neutral
Price Target:
$7.50
▲(4.46% Upside)
Action:ReiteratedDate:03/19/26
The score is held back primarily by heavy losses and significant cash burn despite strong revenue growth and high gross margins. Technicals are supportive but look overbought, and valuation is constrained by negative earnings. The latest earnings call improves the outlook with stronger guidance, cost cuts, and a timeline toward cash-flow breakeven, but liquidity and execution risks remain meaningful.
Positive Factors
Revenue Growth
A ~63% year-over-year revenue surge in 2025 indicates expanding market adoption of Silvaco’s EDA/TCAD/IP suites. Durable revenue growth in a software licensing model supports scalable margins and provides a larger base to absorb fixed costs as management executes cost reductions.
Negative Factors
Cash Burn
Sustained negative operating and free cash flow materially shortens runway despite recent cost cuts. With only ~ $10M unrestricted cash, execution toward Q2 breakeven is time-sensitive; any revenue slip or integration delays will likely require external financing or additional equity dilution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A ~63% year-over-year revenue surge in 2025 indicates expanding market adoption of Silvaco’s EDA/TCAD/IP suites. Durable revenue growth in a software licensing model supports scalable margins and provides a larger base to absorb fixed costs as management executes cost reductions.
Read all positive factors
Silvaco Group, Inc. (SVCO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$225.75M
Dividend YieldN/A
Average Volume (3M)130.19K
Price to Earnings (P/E)―
Beta (1Y)1.28
Revenue Growth15.40%
EPS Growth40.28%
CountryUS
Employees279
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-0.03
Shares Outstanding31,440,907
10 Day Avg. Volume111,493
30 Day Avg. Volume130,194
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)1.61
Price to Sales (P/S)1.91
P/FCF Ratio-3.49
Enterprise Value/Market Cap0.99
Enterprise Value/Revenue3.54
Enterprise Value/Gross Profit4.52
Enterprise Value/Ebitda-21.86
Forecast
1Y Price Target
$8.33Price Target Upside16.02% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)-0.03
Revenue Forecast (FY)$69.93M
Silvaco Group, Inc. Business Overview & Revenue Model
Company Description
Silvaco Group, Inc. provides technology computer aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions. The company's TCAD software are used in various applications, such...
How the Company Makes Money
Silvaco primarily makes money by licensing its EDA/TCAD software to customers in the semiconductor ecosystem (e.g., chipmakers, foundries, and related R&D organizations). Revenue is typically generated through (1) time-based or term software licen...
Silvaco Group, Inc. Earnings Call Summary
Earnings Call Date:Mar 12, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jun 18, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress: strong Q4 bookings and revenue, a pronounced surge in IP (driven by Mixel) and a rapid TCAD uplift led by FTCO AI adoption, plus material margin and expense improvements and an increased annualized cost-savings target. Counterpoints include a notable sequential decline in EDA, continued GAAP losses, modest unrestricted cash, partial deferral of FTCO revenue, and geographic concentration in APAC. Management provided confident guidance and a timeline to cash-flow breakeven (Q2) and positive operating cash flow (Q3), indicating momentum toward profitability.Positive Updates
Strong Q4 Bookings and Revenue
Q4 bookings were $18.3M (near the high end of guidance) and Q4 revenue was $18.3M (above the high end of guidance), driven by IP and TCAD strength.
Negative Updates
Sequential Decline in EDA
EDA bookings fell to just under $4M and EDA revenue was $4.4M in Q4 — a significant sequential decline after all-time records in Q3. Management expects EDA to be stable short term with growth later as focus narrows to core products.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Bookings and Revenue
Q4 bookings were $18.3M (near the high end of guidance) and Q4 revenue was $18.3M (above the high end of guidance), driven by IP and TCAD strength.
Read all positive updates
Company Guidance
Management guided Q1 2026 bookings and revenue of $15–$19 million, non‑GAAP gross margin of around 85%, and non‑GAAP operating expenses of $14.5–$16.5 million (noting non‑GAAP operating profitability is near the high end of that range); they expect TCAD to drive sequential Q1 growth, IP to remain strong, and EDA to be flat. Management highlighted that total non‑GAAP spending fell from $21.3M in Q3 to $19.3M in Q4 (a >9% sequential decline), now projects $20M of gross annualized non‑GAAP spending reductions (up from a $15M target), and anticipates similar sequential spending reductions in Q1 with further cuts in Q2. On liquidity and cash flow, quarter‑end cash and marketable securities were $18.3M (including $8.3M restricted; roughly $10M unrestricted), and the company expects to approach operating cash‑flow breakeven in Q2 and generate positive operating cash flow in Q3.Silvaco Group, Inc. Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
72
Positive
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 63.06M | 59.68M | 54.25M | 46.47M | 41.96M |
| Gross Profit | 49.37M | 47.64M | 44.89M | 37.59M | 33.31M |
| EBITDA | -10.20M | -36.74M | 1.74M | -1.32M | -96.00K |
| Net Income | -41.21M | -39.40M | -316.00K | -3.93M | -1.84M |
Balance Sheet | |||||
| Total Assets | 122.64M | 142.34M | 40.88M | 38.72M | 35.73M |
| Cash, Cash Equivalents and Short-Term Investments | 10.03M | 82.68M | 4.42M | 5.48M | 6.70M |
| Total Debt | 3.08M | 1.69M | 3.93M | 8.47M | 501.00K |
| Total Liabilities | 47.65M | 42.26M | 31.48M | 28.70M | 21.36M |
| Stockholders Equity | 74.99M | 100.08M | 9.40M | 10.02M | 14.37M |
Cash Flow | |||||
| Free Cash Flow | -34.52M | -20.28M | 841.00K | -2.19M | -2.73M |
| Operating Cash Flow | -33.91M | -19.77M | 1.18M | -2.10M | -2.64M |
| Investing Cash Flow | 33.72M | -66.53M | -339.00K | -89.00K | 234.00K |
| Financing Cash Flow | -2.21M | 101.30M | -1.65M | 624.00K | 60.00K |
Silvaco Group, Inc. Technical Analysis
Positive
7.18
Price Trends
4.56
Positive
4.47
Positive
4.80
Positive
Market Momentum
0.91
Negative
75.43
Negative
81.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SVCO, the sentiment is Positive. The current price of 7.18 is above the 20-day moving average (MA) of 5.53, above the 50-day MA of 4.56, and above the 200-day MA of 4.80, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 75.43 is Negative, neither overbought nor oversold. The STOCH value of 81.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SVCO.
Silvaco Group, Inc. Risk Analysis
Silvaco Group, Inc. disclosed 1 risk factors in its most recent earnings report. Silvaco Group, Inc. reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Silvaco Group, Inc. 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% | |
53 Neutral | $225.75M | -2.92 | -33.56% | ― | 15.40% | 40.28% | |
50 Neutral | $107.94M | 44.82 | 3.65% | ― | 0.59% | ― | |
48 Neutral | $84.85M | -10.87 | -12.81% | ― | -1.83% | -642.89% | |
45 Neutral | $158.99M | -5.81 | 105.93% | ― | ― | ― | |
43 Neutral | $68.43M | -0.12 | -127.56% | ― | 30.91% | -1632.95% |
* Technology Sector Average
SVCO
Silvaco Group, Inc.
7.18
2.73
61.35%
SSTI
SoundThinking Inc
6.55
-9.69
-59.67%
XTKG
X3 Holdings
0.59
-201.01
-99.71%
MAPS
WM Technology
0.68
-0.41
-37.80%
TEAD
Teads Holding
0.71
-2.81
-79.74%
MRT
Marti Technologies
2.02
-0.89
-30.58%
Silvaco Group, Inc. Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Silvaco Group Adopts ATM Equity Offering Program
Neutral
Mar 13, 2026
On March 13, 2026, Silvaco Group, Inc. entered into an Open Market Sale Agreement with Jefferies LLC that allows the company, at its discretion, to sell up to $15 million of its common stock through at-the-market offerings on Nasdaq or other tradi...
Business Operations and StrategyRegulatory Filings and Compliance
Silvaco Aligns Bylaws With Charter On Director Removal
Positive
Feb 19, 2026
On February 13, 2026, Silvaco Group, Inc. implemented Amended and Restated Bylaws approved by its Board of Directors to align the stockholder approval threshold for removing directors with the standards set in its Amended and Restated Certificate ...
Business Operations and StrategyM&A TransactionsRegulatory Filings and Compliance
Silvaco Issues Shares to Settle Tech-X Acquisition Obligations
Neutral
Feb 10, 2026
On February 9, 2026, Silvaco Group, Inc. filed a prospectus supplement with the SEC covering the issuance of 167,281 shares of common stock to John Cary, a former equityholder of Tech-X Corporation. The shares form part of the consideration for Si...
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.