SIVE · STOCK
Sivers IMA Holding AB (SIVE.ST)
Sivers Semiconductors at a Glance
Sivers Semiconductors is a niche player crafting specialized chips and modules for 5G wireless networks and photonics applications like AI datacenters. It generates SEK 0.4B in trailing twelve-month revenue, boasting sky-high 73.5% gross margins from premium III-V tech, but grapples with -45.4% operating margins due to heavy 22% capex spending on scaling. With ~130 employees in Sweden and a SEK 9.5B market cap, it rides 5G and AI tailwinds through partnerships, yet execution risks loom large amid persistent losses and customer concentration. This high-cyclicality semis specialist targets explosive growth intersections, but profitability hinges on turning high margins into bottom-line wins.
- Market cap
- SEK 9.5B
- Revenue (TTM)
- SEK 360.8M
- Gross margin
- 73.5%
- Operating margin
- -45.4%
- P/E (TTM)
- 0.00
- P/S
- 26.27
- EV/EBITDA
- -37.73
- Beta
- -2.08
- 52-week high
- SEK 34.20
- 52-week low
- SEK 2.85
- Employees
- 130
The Big Picture on Sivers Semiconductors
Sivers Semiconductors gives investors a window into a niche corner of the semiconductor world — designing and selling specialized chips, modules, and subsystems for wireless communications and photonics. This focus exists because the company targets high-performance applications where standard silicon chips fall short, like ultra-fast 5G signals and laser-based data transfer for AI. Understanding this sets the stage for why Sivers stands out in a massive industry dominated by giants. The company pulls in trailing twelve-month revenue of SEK 0.4B, split 65% from Wireless (5G mmWave, satellites, radar) and 35% from Photonics (optical comms, sensors, AI datacenters). Gross margins shine at 73.5% — far above typical semis peers — thanks to premium pricing for its III-V compound tech. Yet operating margins sit at -45.4%, hammered by capex eating 22.1% of revenue to fund expansion; market cap hovers around SEK 9.5B. With just 130 employees based in Kista, Sweden, Sivers operates lean in a highly cyclical industry prone to boom-bust cycles tied to 5G rollouts and tech upgrades. These numbers reveal a classic growth story: exceptional product margins but scaling pains holding back profits. The central tension here — elite tech differentiation versus execution hurdles in a volatile market — threads through everything, from segments to strategy. It means Sivers' path to profitability depends on converting high-end revenue into sustainable earnings amid fierce demand swings.…