Sivers Semiconductors reported net sales of SEK 61.9 million for the first quarter of 2026.
This represents a 22% year-over-year decrease.
Unfavorable exchange rates and a late 2025 U.S. government shutdown caused the decline.
The shutdown delayed defense budget approvals, shifting expected revenue to the second half of 2026.
The adjusted EBITDA loss widened to SEK 13.8 million.
This compares to a loss of SEK 6.0 million in the same period last year.
Sivers reported a record opportunity pipeline of $799 million.
This figure represents a 77% increase since the end of 2025.
Product launches across AI data centers, satellite communications, and defense remain on track for 2027 to accelerate future growth.