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Sivers Semiconductors AB
STO:SIVE

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Sivers Semiconductors AB Logo
Sivers Semiconductors AB
STO:SIVE
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Price: 11.37 SEK -3.56%
Market Cap: kr3.4B

Sivers Semiconductors AB
Investor Relations

Sivers Semiconductors AB engages in the development and manufacture of products for the data and telecommunication market, as well as sensors to the industrial market. The company is headquartered in Kista, Stockholm. The company went IPO on 2011-05-30. Wireless develops RF chips and antennas for advanced 5G systems for data and telecommunications networks. Photonics develops and manufactures semiconductor-based optical products for optical fiber networks, sensors and optical fiber communications (Li-Fi).

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record results: Revenue hit SEK 304.1 million for 2025 with SEK 80.7 million in Q4 — the company's strongest quarter and year on record.

Profitability: Q4 adjusted EBITDA was SEK 10.8 million and full-year adjusted EBITDA improved 31% year‑over‑year, reflecting margin progress during the transformation.

Product shift: Product revenues were SEK 85.7 million for the year (SEK 21.3 million in Q4); management is deliberately moving the company from engineering services to a product-led model.

Pipeline momentum: The qualified opportunity pipeline grew 64% in 2025 to $453 million, with product-related opportunities up 90%, which management cites as the main lead indicator for future growth.

Key commercial wins: LIDAR photonics customer will begin production ramp in Q4 fiscal 2026; expected U.S. CHIPS Act year‑2 award of $6.6 million (20% above year 1); Tachyon Networks enters production this year.

Refinancing: Completed a $17 million refinancing (replacing ~ $11.5 million of loans), reducing trade debt to $5 million and securing a $12 million fixed convertible facility with conversion only at materially higher valuation.

Guidance & targets: Management expects cash‑flow breakeven at annual revenues of approximately $50–55 million with ~65% product mix in ~2 years; long‑term targets include 25–30% revenue CAGR, ~65% gross margin and ~30% EBITDA margin.

Operational/other risks: U.S. government shutdown caused timing delays but no cancellations; a contained security breach incurred one‑off costs with no ongoing operational impact.

Key Financials
Revenue
SEK 304.1 million (full year 2025); SEK 80.7 million (Q4 2025)
Adjusted EBITDA
SEK 10.8 million (Q4 2025)
Product revenue
SEK 85.7 million (full year 2025); SEK 21.3 million (Q4 2025)
Opportunity pipeline (qualified)
$453 million
Refinancing size
$17 million
Replaced loans
roughly $11.5 million
Trade debt
$5 million
Fixed convertible facility
$12 million
Expected CHIPS Act year‑2 award
$6.6 million
LIDAR customer revenue potential (2026–2030)
$23 million baseline to $58 million upside
LIDAR customer revenue potential (longer term)
$53 million to $138 million
Cash‑flow breakeven target
Annual revenues of approximately $50–55 million
Long‑term targets
25–30% revenue CAGR; ~65% gross margin; R&D ~20% of revenues; ~30% EBITDA margin
Earnings Call Recording
Other Earnings Calls

Management

Ms. Lottie Saks
Chief Financial Officer
No Bio Available
Mr. Erik Ojefors
Chief Technical Officer of Sivers Wireless
No Bio Available
Dr. Harish Krishnaswamy Ph.D.
Managing Director of Sivers Wireless
No Bio Available
Dr. Andrew McKee
MD of Sivers Photonics
No Bio Available

Contacts

Address
STOCKHOLM
Kista
Torshamnsgatan 48
Contacts
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