Silvaco Posts $6.8M Operating Loss, 70% TCAD Booking Surge and Record IP Revenue
Silvaco reported a Q4 GAAP operating loss of $6.8 million and net loss of $7.2 million, with a non-GAAP EPS loss narrowed to $0.03 versus a $0.07 consensus miss. TCAD bookings surged 70% sequentially and IP revenue peaked on Mixel acquisition gains, while EDA bookings and revenue fell.
1. Q4 Financial Results
Silvaco achieved bookings at the high end of its guided range and delivered revenue and gross margin above expectations, resulting in a GAAP operating loss of $6.8 million and net loss of $7.2 million. Non-GAAP loss per share narrowed to $0.03, outperforming the $0.07 consensus estimate.
2. Segment Performance
The TCAD business saw a 70% sequential increase in bookings and a 34% rise in revenue driven by AI-driven FTCO platform adoption. The semiconductor IP segment delivered record revenue and bookings fueled by the Mixel acquisition, while the EDA segment experienced declines in both bookings and revenue after Q3 highs.
3. Cash Position and Guidance
Silvaco holds $10 million in unrestricted cash, prompting ongoing cost reductions to achieve positive operating cash flow later in the year. For Q1 2026, the company forecasts bookings and revenue of $15 million to $19 million, non-GAAP gross margin around 85%, and operating expenses of $14.5 million to $16.5 million.