Silvaco Q1 Revenue Up 26% to $17.8M; Exceeds Expectations
Silvaco Group, Inc. announced strong first quarter 2026 financial results, with revenue increasing 26% year-over-year to $17.8 million, exceeding consensus expectations. The company significantly reduced its GAAP net loss to $5.9 million from $19.3 million in the prior year and reported a non-GAAP operating loss of $0.5 million. Silvaco also highlighted continued momentum with its AI FTCO offerings, securing a new customer and expanding functionality, alongside a strategic pivot to embed AI across its products. The company provided a positive outlook for Q2 2026, guiding to profitability and expecting positive operating cash flow later in the year, and secured a non-binding term sheet for a $10 million revolving line of credit.
Key Highlights
- Revenue of $17.8 million, up 26% year-over-year, exceeding expectations.
- GAAP Net Loss of $5.9 million, significantly improved from $19.3 million loss in Q1 2025.
- GAAP Basic and Diluted Net Loss Per Share of $0.19, compared to $0.67 in Q1 2025.
- Non-GAAP Operating Loss of $0.5 million, improved from $2.8 million loss in Q1 2025.
- Gross bookings were $17.2 million, up 26% year-over-year.
- TCAD revenue grew 22% year-over-year to $9.6 million.
- SIP revenue surged 270% year-over-year to $4.0 million.
- Secured a new AI FTCO customer and broadened product offerings.
- Signed a non-binding term sheet for a $10 million revolving line of credit.
- Q2 2026 revenue guidance is $18.0 million +/- 10%, with expected profitability.