STOCKHOLM, May 30, 2026, 22:04 (CEST)
- Sivers ended Friday at 68.95 crowns, falling 1.8% on the session and losing 5.4% in the past five days. The stock is still up more than 1,500% for the year.
- Swedish chipmaker said first-quarter sales dropped 22% and reported a bigger adjusted EBITDA loss.
- Sivers is set to join Nasdaq’s OMX Stockholm Benchmark Index on Monday, the next market test for the stock.
Sivers Semiconductors starts the week after posting a softer quarter, losing ground on its share price and entering a new Nasdaq Stockholm benchmark index. Shares ended at 68.95 Swedish crowns on Friday, off 1.8% for the day and down 5.4% this week. Still, the stock is up 1,559.85% so far this year, according to MarketScreener.
Nasdaq Stockholm was closed Saturday. The exchange, trading in Swedish crowns, is normally open from 9:00 a.m. to 5:25 p.m. local time, Monday through Friday, in Stockholm, according to TradingHours.com.
Investors now have the weekend to consider weak short-term results against the approaching index move. Nasdaq is set to add Sivers at the open Monday to the OMX Stockholm Benchmark Index. The index tracks major and frequently traded stocks on Nasdaq Stockholm and gets reviewed every six months.
Sivers posted a 22% drop in first-quarter net sales, down to 61.9 million crowns from 78.9 million last year. Adjusted EBITDA came in at a loss of 13.8 million crowns, wider than the 6.0 million loss a year ago. Operating loss grew to 41.5 million crowns.
Sivers cited delayed U.S. defense budget approvals and currency hits for the revenue impact. CEO Vickram Vathulya said revenue that was originally forecast for this period has moved into the second half of 2026 but maintained that Sivers is sticking to its full-year revenue growth plan.
Unsteady trading last week sent the shares up 17.35% Monday and a bit higher Tuesday. The stock then dropped 15.49% Wednesday, lost 4.36% Thursday, and slipped another 1.78% Friday. Friday’s volume reached about 36.9 million shares.
DNB Carnegie said in a flash comment Friday that the Q1 report was “a mixed bag” and it put the year-on-year organic sales drop at 8%, by its own calculations. DNB Carnegie Access
The rally has also met with fresh criticism. Marlon Värnik, a fund manager at Exelity, told Dagens Industri via Omni that U.S. retail investors have made Sivers a “meme stock,” boosted more by online retail trading than actual fundamentals. He called the rally partly “air” and speculation. Omni
Sivers is moving. Sivers said its opportunity pipeline grew 77% so far this year to $799 million. It cited product ramps in 2027, demand in SATCOM, photonics, and wireless. It said costs went up as it hired more sales staff and got ready for a possible U.S. dual listing.
Total shares moved up to 319,953,572 as of May 29, per a separate filing, after Sivers Semiconductors made an 8.62 million-share directed issue earlier in May. That deal brought in roughly 125 million crowns before expenses, the company had said.
Sivers Semiconductors’ jump stands out in the sector. MarketScreener’s table had other big chip names like Nvidia and Broadcom up less than Sivers over one year, showing just how sharp the Swedish name’s rally has been compared with other AI chip stocks.
But there’s a risk the market wants results faster than the company can deliver. Delayed defense revenue that doesn’t show in the second half, U.S. listing work that lingers, or a drop in index-driven buying after Monday could all leave the shares struggling to keep a valuation fueled by a jump of more than 1,500% this year. Nordea’s hike in financing costs for Sivers bear certificates and short mini-futures — tools for betting against the stock — is another sign of thin stock-lending liquidity and just how stretched things have gotten.
Governance deadlines are up this week. Investors need to be registered with Euroclear Sweden by June 5 to vote at the company’s June 15 annual meeting. The meeting will cover board elections, a long-term incentive plan, new share-issue authorisations and the board’s call for no dividend in 2025.
