Disclaimer Q3'25 Business Update November 2025 This presentation and the accompanying oral presentation also contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in ...

Core Insights - Silvaco Group, Inc. achieved record gross bookings of $22.8 million and record revenue of $18.7 million in Q3 2025, marking a 131% increase in bookings and a 70% increase in revenue year-over-year [1][6][4] - Despite the record revenue, the company reported an operating loss of $9.3 million due to high operating expenses, prompting the initiation of a cost-reduction program expected to lower annualized non-GAAP operating expenses by at least $15 million [2][6] - The company is focusing on core growth drivers and enhancing financial discipline to improve future results [2] Financial Performance - Revenue for Q3 2025 was $18.7 million, up 70% from $10.97 million in Q3 2024 [6][26] - TCAD revenue was $6.5 million (up 1%), EDA revenue was $10.4 million (up 294%), and SIP revenue was $1.7 million (down 6%) [6] - GAAP gross margin improved to 77.9%, up 326 basis points year-over-year, while non-GAAP gross margin reached 81.5%, up 179 basis points [6] - The company reported a GAAP net loss of $5.3 million, compared to a net loss of $6.6 million in Q3 2024, with a basic and diluted net loss per share of $0.18 [6][26] Business Developments - The acquisition of Mixel Group, Inc. was completed early in Q3 2025, contributing to the company's growth strategy [6] - The Jivaro parasitics reduction tool is gaining traction among leading semiconductor companies, and Analog Power Conversion LLC has adopted Silvaco's Design Technology Co-Optimization Flow for next-generation power devices [6] - Vicor has also adopted Silvaco's Victory TCAD™ 3D Simulation Solution for accurate power device modeling and simulation [6] Future Outlook - For Q4 2025, Silvaco expects bookings in the range of $15 million to $19 million and revenue between $14 million and $18 million [12] - Non-GAAP gross margin is anticipated to be between 78% and 82%, with non-GAAP operating expenses projected at $16 million to $18 million [12]