Sivers Semiconductors AB (publ) (SIVE) Earnings Call Transcripts

Sivers Semiconductors AB (publ)'s Latest Earnings Call - Q1 FY2026

In Q1 2026, Sivers Semiconductors reported revenues of SEK 61.9 million, reflecting a 22% year-over-year decline, primarily due to revenue timing effects and adverse foreign exchange impacts. Despite these challenges, management maintained their annual revenue growth plans for 2026, emphasizing a significantly expanded opportunity pipeline now nearing $800 million, a 77% increase from the end of 2025. Adjusted EBITDA was reported at a negative SEK 13.8 million, indicating ongoing investments to support future growth and product readiness, particularly for 2027, which management anticipates will be a transformational year for the company.

Reported metrics

Guidance from management

Management has maintained its revenue growth plans for 2026 despite Q1 challenges and expects a transformational year in 2027 with multiple product ramps and increased revenue visibility.

What management said

Sure. So we, as mentioned, we've been through substantial work preparing for a potential dual listing. Any timing and structure is dependent on market conditions. So we've been doing all the preparatory work, exactly if and when things would happen, we will have to see and we are making sure that we have the road blocks moved in front of us, so we can move fast if and when we take any decisions on that.

Yes. So between the quarters, with the current state the company is in, we'll see some fluctuations on movements in net working capital. So cash burn, cash generation through the quarters will vary. It's not just any linear thing in that. We've, this year, strengthened the balance sheet, and we are managing liquidity proactively. And this combination of the recent financing actions and our disciplined cash planning g...

What analysts pressed on

Analysts expressed concerns regarding the impact of the U.S. government shutdown on revenue timing and the potential for continued delays in defense-related revenue. There were also questions about the sustainability of cash burn and the company's ability to manage working capital effectively.

Main topics on the call

• Opportunity Pipeline Expansion — Sivers' opportunity pipeline has expanded to just shy of $800 million, marking a 77% increase in just five months. CEO Vickram Vathulya stated, "This is a lead indicator for future revenue growth potential with stages cl...
• Impact of U.S. Government Shutdown — Management noted that delays in defense spending approvals due to the U.S. government shutdown have impacted Q1 revenues. CFO Heine Thorsgaard clarified, "This is a timing effect rather than a change in underlying demand...
• Investment in Sales Organization — To support the growing opportunity pipeline, Sivers is proactively investing in its sales organization. Vathulya mentioned, "We are investing in higher standards of financial control for the intended U.S. listing," indic...
• Product Readiness for 2027 — Management is preparing for multiple product ramps in 2027, including automotive LiDAR and AI data center lasers. Vathulya emphasized, "2027 will be a year of multiple product associated revenues," indicating strong futu...

Read the full Sivers Semiconductors AB (publ) transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 Sivers Semiconductors AB (publ) earnings call transcripts on record, spanning February 14, 2020 to May 29, 2026. Based on this history, Sivers Semiconductors AB (publ) reports quarterly. The most recent call on file is dated May 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SIVE

Exchange

OM

Country

SE

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

30

First call

February 14, 2020

Most recent

May 29, 2026

Reporting cadence

quarterly