Abstract
SIVERS SEMICONDUCTORS AB will post second-quarter fiscal results on August 27, 2026 after market close; this preview outlines consensus expectations for revenue, profitability, and EPS alongside segment trends and institutional sentiment.
Market Forecast
For the current quarter, the company is projected to deliver revenue of 60.00 million SEK, reflecting a 10.45% year-over-year decline, an estimated EPS of -0.10 SEK, and EBIT of -42.00 million SEK; year-over-year EBIT is forecast to improve by 31.25% while EPS is expected to improve by 20.00%. Based on the last reported quarter’s structure, gross margin recently stood at 6.79%, net profit margin at -68.98%, and the consensus anticipates stabilization in losses rather than a return to profitability in the near term. The main business is expected to be driven by the wireless unit and supported by Photonics, with the pipeline indicating opportunities tied to recent wins and prototype conversions into volume programs. The Photonics segment appears the most promising given design-in momentum, with last quarter revenue of 17.80 million SEK and potential acceleration on new program ramps.
Last Quarter Review
In the previous quarter, revenue was 61.90 million SEK, gross margin was 6.79%, GAAP net profit attributable to the parent company was -42.70 million SEK, net profit margin was -68.98%, and adjusted EPS was -0.14 SEK; year-over-year, revenue declined 21.15% and adjusted EPS improved by 26.32%. The quarter underscored tighter cost control as EPS trends improved despite lower volumes and a revenue shortfall versus internal and external expectations. The main business breakdown showed Wireless at 44.10 million SEK and Photonics at 17.80 million SEK, with Wireless representing around 71% of revenue and Photonics 29%; management focus is on converting late-stage customer engagements into production revenue.
Current Quarter Outlook
Wireless Platforms and Modules
Wireless remains the core revenue engine by scale, contributing approximately 44.10 million SEK in the last quarter. For the current quarter, the forecast revenue contraction implies continued softness in order timing and cautious customer inventory behavior. The key swing factor is the pace of design wins translating to production shipments; if scheduled ramps materialize late in the quarter, reported revenue could track at or marginally above projections, but a push-out would keep revenue near the low end of expectations. Pricing discipline and mix management are essential to protecting contribution margin given the low recent gross margin base. Any incremental opex efficiency can provide operating leverage even on flat to slightly lower volumes.
Photonics Programs
Photonics, at 17.80 million SEK last quarter, is smaller but carries higher growth optionality through design-in conversions across datacom, sensing, and advanced packaging programs. This quarter’s expected revenue decline at the group level masks a potentially healthier Photonics run-rate if certain customer programs move from engineering to early production. The margin profile in Photonics can be accretive to group averages as utilization rises, but short-run gross margin may fluctuate with NRE and prototype mix. Management’s ability to secure volume commitments and align manufacturing slots will influence both revenue velocity and EBIT trajectory through the second half.
Stock Price Drivers This Quarter
The stock will likely react to visibility on order backlog, timing of production ramps, and qualitative guidance on the second half. Investors may focus on cash burn implied by the -42.00 million SEK EBIT forecast and whether working capital unwinds offset operating losses. Commentary on segment-level pipelines, especially multi-quarter delivery schedules in Photonics and large wireless modules, can recalibrate sentiment faster than small headline revenue beats or misses. Clarity on gross margin levers—mix, pricing, yield improvements, and utilization—will be central to reassessing the path toward break-even.
Analyst Opinions
The prevailing institutional stance is cautious, with a majority skew toward neutral-to-bearish commentary given the forecast revenue decline of 10.45%, the guided EBIT loss of 42.00 million SEK, and limited evidence of immediate margin recovery. Analysts emphasize the need for stronger order conversion and improved utilization to lift gross margin from the last reported 6.79% level, while acknowledging that EPS is set to improve to -0.10 SEK year over year. The consensus leans to the view that execution on late-stage design wins and the cadence of Photonics program ramps will determine upside potential into the back half of the year; absent tangible updates on these fronts at the print on August 27, 2026, sentiment is likely to remain restrained.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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