Silvaco Reports Q3 Revenue Decline, Record TCAD Bookings and Q4 Outlook
Silvaco reported Q3 2026 revenue of $16.3 million, down 13% year over year, and record TCAD bookings of $10.3 million, up 89%. Non-GAAP gross margin was 85%, and the operating loss narrowed. The company projects Q4 revenue of $22.0 million and expects 17% full-year 2026 revenue growth.
Silvaco Group, Inc. reported its financial results for the third quarter of 2026 on November 4, 2026. The company achieved record TCAD bookings of $10.3 million, an 89% increase year-over-year, driven by a major new tier-1 FTCO customer. Additionally, the company secured four tier-1 customer wins for its Jivaro Pro parasitic reduction solution.
While total revenue for the quarter was $16.3 million, representing a 13% year-over-year decline, the company reported improved non-GAAP gross margins of 85% and a narrowed operating loss. Silvaco provided guidance for the fourth quarter of 2026, projecting revenue of $22.0 million, which the company expects will lead to 17% revenue growth for the full year 2026.