earnings
confidence high
sentiment negative
materiality 0.75
Silvaco reports preliminary Q3 revenue ~$11M, lowers FY2024 guidance on Asia weakness
Silvaco Group, Inc.
2024-Q3 EPS reported
-$1.77
revenue$41,821,000
- Q3 prelim unaudited revenue ~$11.0M; a ~$5.0M order slipped into Q4 first week.
- FY2024 revenue guidance lowered to $60-63M from $63-66M; gross bookings cut to $64-67M.
- Non-GAAP operating income guidance reduced to $5-8M from $8-11M; non-GAAP gross margin 85-87%.
- Weakness driven by Asia order decline from economic challenges and U.S.-China trade tensions.
- Full Q3 earnings report and conference call scheduled for November 12, 2024.