STOCKHOLM, May 25, 2026, 15:03 (CEST)
- Sivers was last seen near 84–85 crowns on Monday, coming down from an earlier high at 89.45 crowns. That compares with a 1.4% gain in Stockholm’s OMXS30 index.
- Sivers is set for inclusion in MSCI’s Sweden small-cap index after the May 29 close, which is also when the company is due to release its first-quarter results.
- Sivers Semiconductors has secured a $6.6 million extension to a U.S. defence program, is planning changes to its board, and disclosed new loss guidance for 2025.
Sivers Semiconductors shares climbed in Stockholm on Monday, pushing higher after sharp gains as traders got ready for the chipmaker’s addition to MSCI’s Sweden small-cap list and ahead of its late first-quarter report due this week.
The shares changed hands at 84 to 85 Swedish crowns during the afternoon, down from an earlier high of 89.45 crowns, market data from Google Finance and Investing.com showed. The OMXS30 index was up 1.4% for the day.
Timing is key here. MSCI said it will add Sivers Semiconductors to its Sweden index in the global small-cap review for May 2026, with changes effective after the close on May 29. Index funds, which follow the benchmark, usually adjust what they own around these events.
Sivers has set Friday for its first-quarter report after shifting the release from May 20 to May 29. The company pushed back the date earlier this month, saying it was tightening audit work in line with U.S. Public Company Accounting Oversight Board requirements as it looks at a possible dual listing on Nasdaq New York. Dual listing puts a company’s shares on more than one market.
Fresh trading has picked up after a set of filings, not any one earnings report. Sivers said on May 19 that its wireless unit landed a $6.6 million second-year award from the Northeast Microelectronics Coalition Hub for an electronic-warfare project. The field covers signal jamming, sensing and protection. Harish Krishnaswamy, managing director for the wireless arm, said, “strong first-year technical progress” was behind the extension. Sivers Semiconductors
Sivers Semiconductors said the EW STAR project is focused on wideband antenna arrays that allow simultaneous transmit and receive for electronic warfare, comms, and radar. Sivers said BAE Systems, MIT Lincoln Lab, and Columbia University are also on the program.
Sivers has made moves to bolster its board as it heads into the next phase. Last week, the nomination committee put forward Joakim Nideborn and Helena Svancar as new board picks. Chairman Bami Bastani said the firm is aiming its “global ambitions” at photonics for AI data centres and also at millimetre-wave wireless tech for satellite comms, lidar, and advanced sensing. Sivers Semiconductors
Sivers shareholders backed a directed share issue at the May 11 EGM. The company will sell 8.62 million ordinary shares at 14.50 crowns apiece, pulling in around 125 million crowns before costs. Sivers said existing shareholders will see about 2.5% dilution. A directed issue goes to select investors.
Nvidia’s deals in March with Lumentum and Coherent, both for $2 billion, have pushed optics stocks up, Reuters said. Both companies work in optical tech for AI data centers. Sivers is a smaller player, but its work on photonics and wireless chips puts it in the mix for investors looking at the space.
Sivers’ plan isn’t without risk. The restated 2025 figures now show a bigger net loss of 222.6 million crowns and an EBIT loss of 177.8 million crowns. Delays to the report, a new audit, and a possible U.S. listing all bring execution risk. A defense contract win is not broad commercial revenue. If Friday’s results or flows tied to the index fall short, the thin liquidity that sent the stock higher could reverse just as fast.
Next up is May 29, when MSCI will implement its changes after the close and Sivers is set to publish its delayed quarterly numbers. Looking ahead, investors are eyeing the annual meeting on June 15, with board moves and governance matters on the agenda for a vote.
