Slide 1: Q2 2025 Earnings Presentation
Innovative Semiconductors / Photonics Design and Manufacturing Through AI Automation, Digital Twin Modeling, and Simulation Software From Atoms to Systems APRIL 2024 Q2 2025 Earnings Presentation August 6, 2025
Slide 2: Disclaimer
Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, debt or other financial instruments, of Silvaco Group, Inc. ("Silvaco" or the “Company”). The information contained
Slide 3: Silvaco At A Glance – Post IPO
Silvaco At A Glance – Post IPO AI-Enabled Simulation Software Platforms and Digital Twin Modeling for Semiconductors and Photonics → FY 2024: Became a public Company in May of 2024 800+(1) Customers o Bookings $65.8M (+13%); Revenue $59.7M (+10%) o Participated in $3.8B2 SAM including FTCO #2(2) Glo
Slide 4: Financial Update and Guidance
Financial Update and Guidance Q2 - 25 Q3– 25 Guidance FY25 Guidance GROSS BOOKINGS $12.91M $14M-$18.2M $67M to $74M 2% to 13% YoY REVENUE $12.05M $14M-$18M $64M to $70M 7% to 17% YoY NON-GAAP GROSS MARGIN1 76% 81%-85% 83% to 86% N O N - G A A P O P E R AT I N G INCOME (LOSS)1 ($5.7M) ($3.5M)-$0.5M (
Slide 5: Acquisitions Expand Solutions in Key AI Markets
Acquisitions Expand Solutions in Key AI Markets Numerous Design Challenges…. Diverse AI-Driven End Markets / Applications Smaller process nodes Increasingly Complex Increased integration Requirements AI AI AI AI Edge AI AI AI Multi-core architectures Memory HPC Photonics Compute Automotive 5G Indust
Slide 6: Executive Summary
Executive Summary Growth, Leadership, and Operational Excellence → Signed agreement to acquire Mixel on July 29th. Closed acquisition on August 1st . Expanding SAM by $110M → Leadership Update: SVP/GM of IP BU; SVP/GM of EDA BU, VP Business Development → Recent customer success announcements → Alps
Slide 7: Seasoned Management Team with Deep Industry Expertise
Seasoned Management Team with Deep Industry Expertise Three New Additions – SVP/GM IP, SVP/GM EDA, VP Business Development Candace Jackson Babak Taheri, Ph.D Ian Chen SVP, General Counsel and CEO and Board Member Chief Revenue Officer Corporate Secretary Eric Guichard, Ph.D Andrew Wright Jasvinder S
Slide 8: Expanding Market Opportunity Using AI-Based Digital Twin Modeling
Expanding Market Opportunity Using AI-Based Digital Twin Modeling AI Assisted Designs/Wafer Fabs and Photonics Circuits/Packaging Will be Our Main Growth Engines Electronic System Design Digital Twin. Fab Technology Co-Optimization (FTCOTM) Mixed-Signal IP Design Semi Fab Total SAM(1) $3.76B(2,4) $0
Slide 9: Expanding Market in Silicon Photonics Integrated Circuits (PIC)
Expanding Market in Silicon Photonics Integrated Circuits (PIC) AI Assisted Photonics Designs / Wafer Fabs and Packaging Photonics System Design Digital Twin. PIC Fab Technology Co-Optimization (FTCOTM) PIC Design Fab Total SAM(1) $0.115B(2) $0.145B(3) $0.26B Design Fabrication Packaging Testing Fin
Slide 10: Mixel Strategic Rationale
Mixel Strategic Rationale Driving Innovation, Customer Value, and Market Expansion Through Strategic Acquisitions → Silicon-proven mixed-signal IP in the world’s leading foundries 25+ year track record of proven silicon success Respected, trusted, and recognized brand name in low-power, high-per
Slide 11: Mixel Delivers MIPI Physical Layer (PHY) Cores
Mixel Delivers MIPI Physical Layer (PHY) Cores ©2025 Silvaco Group, Inc. 11
Slide 12: Strategic Focus for the Remainder of 2025 and 2026
Strategic Focus for the Remainder of 2025 and 2026 AI Assisted Design/Wafer Fabs and Photonics Circuits/Packaging Will be Our Main Growth Engines Accelerate Revenue Growth Thirty New customers from recent acquisitions helps us with renewal, land and expand Expand cross-selling for Automotive, Ph
Slide 13: Financial Overview
Financial Overview ©2025 Silvaco Group, Inc. 13
Slide 14: Financial Overview
Financial Overview • Maintaining path to long-term growth and profitability – Macro-economic: Silvaco remains well positioned and focused on growth markets, low macro impact anticipated in 2H 2025 – Acquisitions will help accelerate growth, and expectation is to return to full recovery of target gro
Slide 15: Q2'25 Non-GAAP Financials
Q2’25 Non-GAAP Financials ($ in millions, except per share amounts) New Bookings Revenue Non-GAAP Non-GAAP Net Income Operating Income (Loss)1 (Loss) Per Diluted Share1 $12.91 million $12.05 million ($5.7) million ($0.16) down 34% y/y down 19% y/y New Bookings Non-GAAP Operating Income (Loss)1 $19.5
Slide 16: Q2'25 Bookings Performance
Q2’25 Bookings Performance ($ in millions) Quarterly Bookings Trend Q2-25 Bookings by Product → Q2-25 Bookings down 34% YoY due to high value FTCO booking in 2024. → TCAD: Down $7.8 million and 55% from previous year. Long-term FTCO booking in Q2 → Remaining Performance Obligation(1) of $36.4 millio
Slide 17: Q2'25 Revenue Performance
Q2’25 Revenue Performance ($ in millions) Revenue Q2 Revenue by Category Q2 Revenue by Product Q2 Revenue by Region → Software License: Term- → TCAD: Down $3.5 million and → Americas: Down $3.3 million based licenses (averaging 34% from previous year due to and 44% from previous year 3 years) and se
Slide 18: Growth Unlocks High Margins
Growth Unlocks High Margins Gross Margins Scale Directly with Revenue (in $ millions) $17.9 $15.0 $14.1 $12.0 $11.0 86% 80% 89% 82% 76% 1) See the Appendix for definitions and reconciliations of non-GAAP cost of revenues, non-GAAP gross profit and non-GAAP gross margin to their nearest comparable GA
Slide 19: Annual Contract Value (ACV)
Annual Contract Value (ACV)1 A Key Metric for Predictable, Recurring Revenue Growth Overview of ACV ACV Calculation ACV ($ millions) • ACV estimates the annualized value of + - + +/- term-based software licenses, 26% • Provides insight into revenue expansion and Bookings Bookings in Bookings Adjustm
Slide 20: Tracking ACV Growth: Strengthening Recurring Revenue Momentum
Tracking ACV Growth: Strengthening Recurring Revenue Momentum (in $ millions) $60.0 Annual Contract Value (ACV)1 Trailing Twelve Months $22.0 $55.9 $52.3 $47.5 $7.2 $20.0 $50.0 $4.1 $44.5 $44.4 $4.3 $4.4 $4.0 $18.0 $40.0 $16.0 $30.0 $14.0 $48.2 $48.7 $43.2 $20.0 $40.1 $40.4 $12.0 $10.0 $10.0 $- $8.0
Slide 21: Q3 FY25 Guidance and FY25 Outlook
Q3 FY25 Guidance and FY25 Outlook Third Quarter 2025 Guidance Full Year 2025 Guidance → Gross bookings in the range of $14.0 to $18.2 million, reflecting an → Gross bookings in the range of $67.0 million to $74.0 million, 42% to 84% increase from the third quarter of 2024. reflecting a 2% to 13% inc
Slide 22: Strategic Path to Long-term Growth and Profitability
Strategic Path to Long-term Growth and Profitability 2022 2023 2024 2025 Long-Term Drivers of Long-term Financial Success Guidance Target Expand Core Business with Strategic Growth Initiatives: Revenue • Expand global sales presence and enhance customer engagement. Growth 11% 17% 10% 7% to 17% • Dri
Slide 23: Q&A
Q&A ©2025 Silvaco Group, Inc. 23 23
Slide 24: Thank you.
Thank you. investors@silvaco.com ©2025 Silvaco Group, Inc.
Slide 25: Reconciliation—Non-GAAP Cost of Revenues
Reconciliation—Non-GAAP Cost of Revenues Appendix Three Months Ended ($ in thousands) Jun. 30, 2025 Jun. 30, 2024 Cost of Revenues $3,504 $4,861 Less: Amortization of acquired intangible assets (1) (249) (249) Stock-based compensation expense (359) (2,467) Acquisition-related professional fees and r
Slide 26: Reconciliation—Non-GAAP Gross Profit and Gross Margin
Reconciliation—Non-GAAP Gross Profit and Gross Margin Appendix Gross Profit Gross Margin Three Months Ended Three Months Ended ($ in thousands) Jun. 30, 2025 Jun. 30, 2024 Jun. 30, 2025 Jun. 30, 2024 Gross Profit and Gross Margin $8,544 $10,099 71% 68% Add: Amortization of acquired intangible assets
Slide 27: Reconciliation—Non-GAAP Operating Income (Loss) and Operating Margin
Reconciliation—Non-GAAP Operating Income (Loss) and Operating Margin Appendix Operating (Loss) Income Operating Margin Three Months Ended Three Months Ended ($ in thousands) Jun. 30, 2025 Jun. 30, 2024 Jun. 30, 2025 Jun. 30, 2024 Operating Loss and Operating Margin ($10,143) ($37,789) (84%) (253%) A
Slide 28: Reconciliation—Non-GAAP Diluted Net Income (Loss) Per Share
Reconciliation—Non-GAAP Diluted Net Income (Loss) Per Share Appendix Three Months Ended Jun. 30, 2025 Jun. 30, 2024 Net Loss Per Share ($0.32) ($1.55) Add: Acquisition-related litigation settlement and legal costs (1) 0.01 0.67 Acquisition-related professional fees and retention bonus (2) 0.05 — Amo