Street Calls of the Week
SANTA CLARA, Calif. - Silvaco Group, Inc. (NASDAQ:SVCO) reported fourth quarter earnings that beat analyst estimates, but shares fell 3.6% in after-hours trading as revenue slightly missed expectations.
The provider of semiconductor design software posted adjusted earnings per share of $0.15, surpassing the analyst consensus of $0.08. Revenue for the quarter came in at $17.9 million, just shy of the $17.85 million analysts were expecting.
For the first quarter of 2025, Silvaco forecasts revenue between $14.5 million and $17.0 million, compared to analyst expectations of $16.2 million.
"We are proud to close out the year with strong momentum and growing customer traction, including 46 new customer wins in 2024 and multiple bookings on our AI based, flagship FTCO platform," said Dr. Babak Taheri, Silvaco’s Chief Executive Officer.
The company reported full-year 2024 revenue of $59.7 million, up 10% YoY. Gross bookings for the year reached a record $65.8 million, representing 13% growth from 2023.
Silvaco expanded its product portfolio through the acquisition of Cadence’s Process Proximity Compensation product line, which closed on March 4, 2025.
For the full year 2025, the company expects revenue between $66.0 million and $72.0 million, representing 11% to 21% growth from 2024.
Despite the positive outlook, investors appeared to focus on the slight revenue miss for Q4, sending shares lower in initial after-hours trading. The stock’s movement suggests the market was looking for stronger top-line results to close out the year.
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