Monitor the pace of ATM sales in subsequent filings; if the company accelerates sales, it may pressure the stock. Q2 earnings (guidance for profitability) will be key to validate growth trajectory.
Price Chart
Executive Summary
Silvaco increased its ATM offering program by $20M to $35M total, with $4.33M already sold. The update follows strong Q1 2026 earnings (revenue +26% YoY, EPS improvement) and the company's transition to a full shelf registration, providing flexibility for future capital raises. Dilution risk is moderate given the size relative to market cap.
Key Facts
- ATM offering program increased from $15M to $35M total.
- $4.33M already sold (752,744 shares); up to $30.67M remains available.
- Company no longer subject to baby shelf limitation; public float > $75M.
- Stock closed at $12.06 on May 7, 2026, market cap ~$379M.
- Q1 2026 revenue $17.8M (+26% YoY), EPS -$0.19 (vs -$0.67 prior year), guiding Q2 profitability.
Financial Impact
Dilution of up to ~2.5M shares (at current $12.06) representing ~7.7% of 32.7M shares outstanding; Jefferies receives 3.0% commission.
Risk Factors
- Dilution from ATM sales could offset earnings growth.
- Market conditions may limit the program's effectiveness.
- If growth slows, the market may view additional capital raises negatively.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001213900-26-054018 |
| Document: 0001213900-26-054018-index-headers.html | 0001213900-26-054018 |
| Document: 0001213900-26-054018-index.html | 0001213900-26-054018 |
| Document: 0001213900-26-054018.txt | 0001213900-26-054018 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 26, 2026 13w ago | Press Release | $7.81 $6.36 | ▼ −18.57% | ▼ −22.27% | $6.47 (−17.16%) |
Jun 11, 2026 19w ago | Insider Cluster | $12.17 $6.76 | ▲ +44.45% | ▲ +47.72% | $6.47 (+46.84%) |
Jun 8, 2026 19w ago | Insider Cluster | $11.41 $6.24 | ▼ −45.31% | ▼ −49.13% | $6.47 (−43.30%) |
May 27, 2026 21w ago | 8-K | $9.67 $6.73 | ▼ −30.40% | ▼ −32.14% | $6.47 (−33.09%) |
May 8, 2026 24w ago | 424B5 | $11.13 $8.30 | ▼ −25.43% | ▼ −29.82% | $6.47 (−41.87%) |
May 8, 2026 24w ago | 8-K | $11.13 $8.30 | ▼ −25.43% | ▼ −29.82% | $6.47 (−41.87%) |
May 7, 2026 24w ago | 8-K | $11.49 $8.78 | ▼ −23.59% | ▼ −28.43% | $6.47 (−43.69%) |
Apr 27, 2026 25w ago | 3 | $10.00 $7.98 | ▼ −20.20% | ▼ −24.19% | $6.47 (−35.30%) |
Apr 23, 2026 26w ago | Press Release | $9.93 $8.82 | ▼ −11.18% | ▼ −16.26% | $6.47 (−34.84%) |
Mar 30, 2026 30w ago | Press Release | $7.10 $11.95 | ▲ +68.31% | ▲ +51.82% | $6.47 (−8.87%) |
US Market Status
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