Sivers Semiconductors: Production Milestone and Short-Squeeze Rally Collide Ahead of AGM Vote
13.06.2026 - 04:51:50 | boerse-global.de
Sivers Semiconductors has crossed the threshold from chip developer to volume manufacturer, landing an $8.2 million production order from British satellite-communications firm ALL.SPACE. The contract covers Multi-Beam Ka-Band beamforming chips slated for delivery by 2027, components that can simultaneously receive signals from low, medium and geostationary orbits — a capability that makes them critical for electronically steered antennas in both defense and commercial settings. ALL.SPACE counts the U.S. Army, U.S. Navy and Royal Canadian Navy among its customers, and York Space Systems has agreed to acquire the company, further underlining the strategic weight of the deal.
The order has ignited a furious rally. Sivers shares closed at €8.38 on Friday, a weekly gain of 25%, and have surged more than 3,000% from their 52-week low of €0.27 in March. On a monthly basis the stock has climbed roughly 62%. Behind the move is a potent mix of fundamental news and technical pressure: short sellers have been scrambling to cover positions after Nordea sharply increased stock-lending fees, driving volatility to an extreme 242%.
Yet the euphoria masks persistent operational strains. First-quarter net sales fell 22% to SEK 61.9 million, adjusted EBITDA came in at minus SEK 13.8 million, and the net loss widened to SEK 42.7 million. Management blamed delayed U.S. defense budgets and unfavorable exchange rates. The order pipeline, however, tells a different story: it swelled 77% to $799 million compared with the end of 2025, reflecting accelerating demand for multi-orbit satellite communications, particularly from the defense sector.
Should investors sell immediately? Or is it worth buying Sivers Semiconductors?
The stock’s spectacular run has been accompanied by controversy. Swedish economic crime authorities are investigating possible insider trading linked to the early leak of Sivers’ Nasdaq listing plans through an anonymous social-media account. The company itself is not a suspect. Separately, short-seller research firm Ningi has questioned nearly a third of Sivers’ 2025 reported revenue, and U.S. law firms are examining potential securities-law violations. Adding to the unease, Harish Krishnaswamy, head of the wireless division, sold about 1.39 million shares in late May. No insider has bought shares in recent months.
Monday’s annual general meeting in Stockholm will test shareholder sentiment. The board is seeking authorization to issue up to 53.8 million new shares, diluting existing holders by roughly 15%. Proceeds are earmarked for organic growth, possible acquisitions and a secondary listing on the Nasdaq. Sivers has already had its 2024 and 2025 financial statements audited under PCAOB standards in preparation. Three board members are stepping down, with two new candidates proposed.
The outcome of the AGM vote will determine whether Sivers can fund its Nasdaq ambitions and keep up with its pipeline — or whether the dilution and regulatory clouds will cool the rally. The next earnings report is due on August 6, when the company will need to show that its defense orders are translating into real profits.
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Sivers Semiconductors Stock: New Analysis - 13 June
Fresh Sivers Semiconductors information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
