Silvaco Group Reports Q3 2026 Results with Record TCAD Bookings and Improved Margins
Silvaco Group (SVCO) reported third-quarter revenue of $16.3 million, a 13% year-over-year decrease attributed to the timing of intellectual property milestones. Despite the revenue dip, the company saw significant growth in specific segments, including a 141% surge in SIP revenue and a record 89% increase in TCAD bookings driven by new Tier 1 customer wins. The company is undergoing a strategic transformation toward AI-driven design and manufacturing solutions, which helped reduce GAAP operating expenses by nearly 25%. While reporting a GAAP net loss of $4.6 million, Silvaco improved its non-GAAP gross margin to 85% and significantly narrowed its non-GAAP operating loss compared to the previous year. Looking ahead, management provided optimistic guidance with Q4 revenue expected at approximately $22 million, representing a 35% sequential increase. The company projects mid-to-high teens revenue growth for 2027, supported by an expanding IP pipeline and new Agentic AI offerings.
Tickers: $SPCX
Topics: bookings gross margin guidance revenue growth