Core Insights - Silvaco Group, Inc. reported second quarter 2025 results with gross bookings of $12.91 million and revenue of $12.05 million, reflecting a year-over-year decline of 19% and a quarter-over-quarter decline of 15% [6][9] - The company achieved a trailing twelve-month Annual Contract Value (ACV) growth of 26% and landed 10 new logos across various sectors including photonics, automotive, military, foundry, and power [1][3] - The acquisition of Mixel Group, Inc. is expected to expand Silvaco's Serviceable Addressable Market (SAM) by an estimated $110 million, in addition to $600 million from previous acquisitions this year [3][6] Financial Performance - Revenue breakdown for Q2 2025: TCAD revenue was $6.8 million (down 34% year-over-year), EDA revenue was $3.4 million (up 15% year-over-year), and SIP revenue was $1.8 million (up 11% year-over-year) [6][9] - GAAP gross profit was $8.5 million with a gross margin of 71%, compared to $10.1 million and a gross margin of 68% in Q2 2024 [6][9] - Non-GAAP gross profit was $9.2 million with a non-GAAP gross margin of 76%, down from $12.8 million and 86% in Q2 2024 [9][19] Business Highlights - 14% of Q2 revenue came from 10 new customers, while 6% was from new customers acquired in the previous two quarters [6] - 40% of Q2 revenue was generated from expansion in existing customers, and another 40% from renewals [6] - The company has made leadership updates with three new additions to the executive team, enhancing its strategic capabilities [6] Future Outlook - For Q3 2025, Silvaco expects gross bookings in the range of $14.0 million to $18.2 million, representing a 42% to 84% increase year-over-year [10] - Revenue guidance for Q3 2025 is projected between $14.0 million and $18.0 million, indicating a 28% to 64% increase from Q3 2024 [10] - The company anticipates a GAAP net loss of $9.4 million for Q3 2025, an improvement compared to a net loss of $38.4 million in Q2 2024 [9][10]