Sivers Semiconductors Battles Dual Headwinds: Crushing Monthly Rout vs. $8.2M Order and Nasdaq Listing Ambitions
Published on 07/21/2026 at 11:32 | Redaktion boerse-global.de
The tug-of-war between crisis and opportunity has rarely been as visible as in Sivers Semiconductors' recent trading. The Swedish chipmaker's shares jumped 13.29% on Tuesday to €3.31, buoyed by a production order from ALL.SPACE worth $8.2 million. Yet that bounce is a mere speck in a month that has seen the stock obliterate more than two-thirds of its value, plunging 67% from its early June peak of €10.23. The gap from Tuesday's close to that 52-week high still stands at a punishing 67.66%.
The ALL.SPACE contract, covering Ka-band beamforming ICs through 2027, gives investors a concrete reason to believe that Sivers' ballooning pipeline — which grew 77% to $799 million — can actually convert into revenue. That pipeline was a bright spot in a first quarter that otherwise looked bleak: net revenue slumped 22% year-on-year to SEK 61.9 million, adjusted EBITDA landed at minus SEK 13.8 million, and the net loss of SEK 42.7 million translated to a loss per share of SEK 0.14. Management blamed the US government shutdown for part of the revenue shortfall.
Adding to the tension, Sivers is simultaneously pursuing a secondary listing on the Nasdaq in New York. To meet US auditing standards, the company has shifted to US GAAP and delayed its Q2 2026 report to August 27 — a delay that underscores the administrative burden of entering American capital markets. The move is meant to broaden the investor base and raise the company's profile, but the market has so far treated the stock with extreme skepticism.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
That skepticism is reflected in the stock's wild swings. The 30-day annualized volatility sits at roughly 142%, firmly in high-risk territory. The relative strength index was at 32.7 last week, deep in oversold territory, and Tuesday's rebound pushed it to 37 — still suggesting the shares are stretched to the downside. The 13.29% daily gain fits a pattern of extreme daily moves that offer both adrenaline and peril for holders.
The capital structure has also taken a hit. A rights issue in May 2026 raised roughly SEK 125 million but diluted existing shareholders significantly, a move that was already priced in after a previous round of dilution. On the institutional side, the fund Cicero Fonder has fully exited its stake, while Origo Fonder suffered losses on a short position — a sign that sentiment is deeply divided even among professionals.
For all the near-term noise, Sivers' long-term narrative rests on two pillars: converting the $799 million pipeline — now backed by the ALL.SPACE order — into sustainable sales, and successfully completing the Nasdaq listing. The delayed quarterly report on August 27 will provide the next hard data point. Until then, the stock remains a high-wire act between a promising growth story and the very real operational losses that still need to be bridged.
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