Sivers Semiconductors cuts Q1 revenue 22% as Sive Stock slides
Sive stock faces a 22% revenue drop in Q1 2026 as Sivers Semiconductors reported 61.9 MSEK, with defense project delays and currency effects driving the weakness. For shareholders, the quarter shows near-term pressure in the core business even as the company points to a larger pipeline for later growth.
61.9 MSEK in Q1 2026
61.9 MSEK was the top line Sivers Semiconductors posted in Q1 2026, down 22% from the prior period. The company tied the decline mainly to defense project delays and currency effects, a combination that hit both timing and reported sales. That left the quarter softer than the business had planned.
-13.8 MSEK adjusted EBITDA followed in the same quarter, adding another layer of weakness to the report. That figure shows the company was still spending more than it brought in from operations after stripping out certain non-cash and one-off items. For investors, the gap means the revenue slide was not isolated to sales; it reached operating performance too.
77% pipeline growth
77% pipeline growth was the counterweight in the interim report released on May. 29 2026. Sivers Semiconductors also cited significant partnerships and financing actions, which it said position the business for growth in 2027. The move from a weak quarter to a larger pipeline suggests the company is leaning on future demand rather than this quarter’s results.
2027 is now the year management is pointing to as the payoff period, but that outcome depends on whether the pipeline turns into booked revenue and the delayed defense work moves forward. If those pieces do not convert, the 22% decline in Q1 2026 will look less like a temporary dip and more like a slower start to the year. Investors need to watch execution, not just the pipeline headline.
