Sivers Semis achieves solid Q3
Sivers Semiconductors AB has announced another solid quarter, with Q3 2025 results demonstrating sustained performance, operational momentum and continued progress in its transformation toward becoming a products-focused company.
Q3 2025 revenue totalled €6.64m (SEK 72.5m), reflecting a 24 percent increase YoY and a 34 percent YTD increase over 2024. At constant foreign exchange (FX) rate, the Q3 growth was even stronger at 34 percent YoY, and 40 percent YTD increase over 2024
Adjusted EBITDA improved by 4 percent YoY and 30 percent YTD reflecting the company’s dedication to strengthening financial performance and advancing long-term strategic priorities
Product revenues for the quarter were €1.73m (18.9m SEK), a 15 percent YoY and 19 percent YTD increase over 2024 as the company continues its transformation journey toward becoming a product-driven business
Total available cash position at the end of Q3 was €8.02m (SEK 87.6m), including cash placed in short-term interest-bearing bank account commitments. During Q3, a $2.5m paydown of our US bank loan was executed and we were also able to retire 50 percent of our outstanding warrants on the loan
Strategic and operational highlights
During this period, Sivers appointed Heine Thorsgaard as CFO, and Neeraj Chopra as VP of Global Operations & Quality.
The company expanded market reach through partnership with POET Technologies on external light sources and engines for both the evolution in Pluggables and the Co-Packaged Optics (CPO) revolution in AI data centres. The company also increased technical engagements for the modernisation of European SATCOM infrastructure under the IRIS2 program
With its capital raise led by existing institutional Swedish investor, Sivers brought in new investors from Poland, Denmark and Norway. This capital has strengthened the company’s balance sheet to accelerate R&D and increase field coverage, while also reducing debt exposure and outstanding warrants
Vickram Vathulya, CEO of Sivers Semiconductors said: “Sivers results year to date reflect the tangible progress we’re making in transforming Sivers into a high-performance products company. With continued revenue growth and a 30 percent improvement in YTD AEBITDA, we are demonstrating that disciplined execution, strong operational focus and targeted strategic investment can drive both long-term value creation and profitability.”
He added: “Momentum across our Wireless and Photonics businesses, from expanding SATCOM engagements under IRIS2 to advancing new partnerships and readiness for next-generation AI data centres, underscores the strength and differentiation of Sivers technology portfolio. We remain committed to delivering sustainable growth, strengthening our market position and expanding our addressable opportunities as we work to close 2025 on a strong note and look ahead to 2026.”
