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Sivers Semiconductors Reports Q2 2026 Results as Product Growth, Record Pipeline and Customer Ramps Position Company for Growth Acceleration

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Pipeline grows to USD 1.2 billion, Product Revenue Increases 18% Year-Over-Year As Sivers Prioritizes Resources to Deliver on Growing Production Orders for 2027.

KISTA, Sweden, Aug. 27, 2026 /PRNewswire/ — Sivers Semiconductors AB (STO: SIVE), a global leader in photonics and wireless technologies, today announced its interim report for the second quarter of 2026. The quarter marked continued progress in Sivers’ transition from development-driven NRE revenues toward scalable product revenues supported by customer production ramps. The deliberate reallocation of resources towards upcoming product ramps while scaling down NRE activities weighed on near-term financials. Product revenue increased 18% year-over-year, while the company’s opportunity pipeline expanded to USD 1.2 billion in July, up 268% from December 2025.

Strategic transition toward product-led growth

During the quarter, Sivers continued to reallocate resources from NRE projects toward product ramp preparation. The strategic shift is designed to support a more scalable, product-led business model and position the Company for a transformational 2027. Sivers expects the impact of this transition to become visible in Q4 2026 and accelerate through 2027 as multiple programs progress toward volume production.

Financial Highlights:

Net sales amounted to SEK 53.8 m (61.4), corresponding to a decrease of 12% year-over-year, or 10% adjusted for currency effects.Product/HW revenue increased by 13% year-over-year, or 18% adjusted for currency effects, reflecting progress toward customer production ramps.Adjusted EBITDA totaled SEK -35.5 m (-20.9), reflecting revenue timing effects and resource allocation toward upcoming product ramps.EBITDA was impacted by a SEK 42.9 m non-cash social security accounting expense related to the strong appreciation of the company’s share price during the quarter.Profit/loss before depreciation and amortization (EBITDA) amounted to SEK -98.3 m (-22.5).Operating profit/loss (EBIT) was SEK -116.9 m (-40.3).Profit/loss after tax amounted to SEK -115.0 m (-50.6).Cash flow from operating activities was SEK -70.0 m (-20.1).Earnings per share before and after dilution were SEK -0.38 (-0.19).Equity per share amounted to SEK 2.97 (3.55).

Strategic and Operational Highlights in the quarter:

Announced collaboration with Jabil on an energy-efficient 1.6T pluggable optical transceiver module.Conducted directed share issues amounting to approximately SEK 825 m in gross equity capital.Announced the evaluation of a potential dual listing of shares on Nasdaq New York.Tachyon Networks expanded its fixed wireless access portfolio through a USD 1.5 m development partnership with Sivers.Microelectronics Commons strengthened its commitment to Sivers with year-two funding.Announced strategic collaboration with GlobalFoundries to develop advanced silicon photonics solutions for the AI infrastructure market.Received a USD 8.2 m production order from ALL.SPACE for Ka-band beamforming ICs, supporting a 2027 production ramp.Welcomed new Sivers Board members Joakim Nideborn and Helena Svancar.

Strategic and Operational Highlights after the end of the period:

Announced that Sivers’ lender Bootstrap Europe exercised its conversion right under the existing convertible loan, resulting in conversion of the USD 12 m loan into equity.Sivers Board completed purchase of shares as approved by the AGM.Announced a USD 3.4 m program with SemiNex for next-generation InP light sources used to power AI data centers.Announced that Bootstrap Europe exercised all its warrants within the current debt financing.Opportunity pipeline expanded to USD 1.2 billion in July 2026, representing a 268% increase from year-end 2025.

“Q2 product revenue increased year-over-year, and we are consciously reallocating resources to support several customer programs that are advancing toward production,” said Vickram Vathulya, CEO of Sivers Semiconductors. “Our North Star remains delivering to our long-term financial model from 2028 onwards. With a healthy balance sheet, a USD 1.2 billion opportunity pipeline, and a continuing flow of production orders, we are singularly focused on enabling the transformation into a product business in 2027, our next relevant horizon that matters.”

An online presentation of the Q2 Interim Report will be held at 19:00 (CEST) on August 27, 2026.
Register for the webinar at: https://sivers-semiconductors.events.inderes.com/q2-report-2026

This disclosure contains information that Sivers Semiconductors is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication through the contact person set out on August 27, 2026, 18:00 CEST.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/sivers-semiconductors/r/sivers-semiconductors-reports-q2-2026-results-as-product-growth–record-pipeline-and-customer-ramps-,c4388331

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CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

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SOURCE Sivers Semiconductors

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Women in Revenue Launches AI Leadership Council to Ensure Women Help Shape the AI Economy, Not Just Survive It

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Built to ensure women are set to thrive in an AI world, the Council comprises senior leaders from business, technology, academia, and public policy

DENVER, Aug. 27, 2026 /PRNewswire-PRWeb/ — Women in Revenue (WIR), the nonprofit membership organization dedicated to advancing women’s professional success and contribution to business growth and revenue generation, today launched its AI Leadership Council, a new working body of senior executives, researchers, and policy leaders. This collective was formed to answer a crucial question largely overlooked: can AI become the first force that meaningfully disrupts the structural barriers that prevent women from reaching maximum potential in the workplace?

“The claim that women are behind on AI gets repeated constantly and tested almost never. We are not going to argue with the narrative. We are going to test it,” said Cherilynn Castleman, Co-Chair of the AI Leadership Council, Managing Partner at CGI LLC, and Harvard Instructor.

Most of the current dialogue around AI focuses on disruption, automation, and risk. Far less attention has gone to a more consequential question: how do we actively steer AI’s trajectory, while there is still time, so that it closes gaps instead of hardening them? The AI Leadership Council was built to pursue that question through rigorous inquiry, original research, and interdisciplinary dialogue among leaders in business, technology, academia, workforce transformation, and public policy. The Council’s work will center on examining how AI is reshaping women’s paths to power, leadership and economic participation.

Inaugural members are:

Ginna Santy, PhD, Co-Chair and Executive Director of Women in RevenueCherilynn Castleman, Co-Chair, Managing Partner, CGI LLC, Harvard InstructorAmanda Van Nuys, Director, Outbound Product Marketing, Agentic CX Biz Applications and Agents at MicrosoftDina Habib O’Mara, Independent Advisor, employed at Microsoft, Global Industry Partner GTM Strategy LeaderDaniela Gorza, Co-founder and COO, MaigentMindy Honcoop, Founder and Executive Advisor/Coach, Agile HRSirisha Swahari, VP of US Global Operations, CGIDiana Brunelle, Chief People Officer, SnykUrvashi Batra, Co-founder and CEO, PrioriwiseBriar Harvey, Founder, Neurodiversity Media NetworkEmily Leahy, Founder, InPhase

“AI is not inherently neutral: it reflects the data, human inputs, and systems that shape it. In workplaces that were never designed for women to thrive, leaving those inputs unexamined risks automating and scaling existing inequities,” said Dr. Ginna Santy, Co-Chair of the AI Leadership Council and Executive Director of Women in Revenue. “Left unchallenged, AI won’t simply reproduce those inequities; it will automate them, scale them, and make them feel even more unassailable than they already are. This Council may be our last real opportunity to intervene before yesterday’s biases become tomorrow’s workplace infrastructure. Women will not win if they are the end users of an AI economy built without them.”

“The claim that women are behind on AI gets repeated constantly and tested almost never. We are not going to argue with the narrative. We are going to test it,” said Cherilynn Castleman, Co-Chair of the AI Leadership Council, Managing Partner at CGI LLC, and Harvard Instructor. “This Council is built on original research into how AI is changing who gets hired, whose work gets credited, and who gets promoted. The findings go where the evidence goes.”

The Council will hold its inaugural meeting on September 11 at Snyk’s Boston headquarters, opening with a session titled “The Operating System: What Is AI Actually Optimizing For?”

“AI will reshape opportunity at a scale few technologies ever have, which makes it essential that the people shaping its future bring a wide range of experiences and perspectives to the table,” said Diana Brunelle, Chief People Officer at Snyk. “Snyk is proud to support the Women in Revenue AI Leadership Council and its work to help ensure AI is developed and adopted in ways that are secure, responsible, and capable of expanding opportunity.”

The session will examine which behaviors AI systems reward and which they quietly devalue, where bias is being encoded versus erased, and who ultimately decides what “good” output looks like. It will produce the Council’s first thought leadership deliverable: a published framework naming the hidden defaults of enterprise AI, paired with a set of diagnostic questions every woman leader can ask of the tools in her stack. Additional sessions are in development and will be announced in the coming months.

Organizations and individuals interested in learning more about the AI Leadership Council, its research agenda, or membership should contact Sally Abdelnabi at sally@womeninrevenue.org.

About Women in Revenue

Women in Revenue (WIR) is a 501(c)(3) nonprofit organization that empowers professional women to thrive in the revenue-generating roles crucial for individual and business success and long-term economic growth. With a community of 10,000+ members, WIR fosters growth through mentorship, networking, and professional development to help women advance their careers. WIR is supported by funding partner Tiger Global Impact Ventures and sponsors including Clari/Salesloft, Snyk, 6Sense, and others. All WIR research is conducted independently, without sponsor influence over its findings or conclusions. For more information or to become a WIR member, visit womeninrevenue.org.

Media Contact:

Stacey Paris-Bechtel

Breakaway Communications for Women in Revenue

sparis@breakawaycom.com

Media Contact

Stacey Paris-Bechtel, Breakaway Communications for Women in Revenue, 1 2126166003, tsheehy@breakawaycom.com, www.womeninrevenue.org

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SOURCE Women in Revenue

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TestMu Conference 2026: TestMu AI’s Flagship Event Marks a New Milestone in the World of Agentic Engineering and Quality

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Over 75,000 Registrations, 145 Speakers, and Unprecedented Insights into the Future of Agentic Software Development and Autonomous Quality

SAN FRANCISCO and NOIDA, India, Aug. 27, 2026 /PRNewswire/ — TestMu AI (formerly LambdaTest), the world’s first Agentic AI-powered Quality Engineering platform, concluded the fifth edition of the Testµ (‘TestMu’) Conference 2026, a 3-day virtual summit to discuss the future of agentic engineering and quality, and establish a clear, actionable vision for the industry’s shift to autonomous software development.

The conference had a massive global convergence of talent and ideas, attracting over 75,000 registrations from testers, developers, engineering leaders, AI/ML engineers, and community members from the software testing and development community across 120+ countries. The event saw outstanding engagement, with 10,000+ attendees, underscoring the critical importance of the topics and the conference’s role as an essential forum for the world’s top engineering talent.

The agenda was driven by a historic gathering of industry titans and enterprise leaders from the world’s most innovative companies, including Microsoft, Meta, Replit, Databricks, Glean, Hinge Health, Salesforce, Piramal Finance, and others. The speaker roster featured Luis Héctor Chávez, Chief Technology Officer, Replit; Francesca Lazzeri, Principal Group Director, Microsoft; Thomas Dohmke, Co-Founder and CEO, Entire; Dona Sarkar, Chief Troublemaker – Microsoft Enterprise AI Advocacy, Microsoft; Rushabh Mehta, Software Engineer, Meta; Nilesh Dalvi, Engineering Leader, Glean; Rashi Agrawal, Head of AI, Hinge Health; Viktoria Semaan, Principal Technical Evangelist, Databricks; and many others.

Three core industry imperatives emerged from the summit’s 96 sessions, panels, and workshops. First, trust must be engineered, not assumed, as AI agents take on a growing share of the engineering workload, rigorous evals, verification layers, and continuous validation are the only way to make autonomous systems trustworthy at scale. Second, agentic workflows must graduate from pilots to production, enterprises need production-grade quality gates, observability, and governance to move AI-driven engineering beyond experimentation and into mission-critical delivery. Finally, the human quality layer will define the winners of the agentic era, engineering leaders must build the culture, skills, and operating models that allow teams to adopt, supervise, and genuinely trust AI coworkers.

“This year, Testµ (TestMu) Conference marked the moment the industry moved from talking about agentic AI to engineering it responsibly,” said Asad Khan, CEO and Co-Founder of TestMu AI. “Across three days, we saw the world’s best engineering minds converge on a shared conviction: autonomous systems demand autonomous quality. The conversations and innovations unveiled here will define how software is built, tested, and shipped for the next decade. Our commitment is to continue empowering this community with the platform and vision needed to lead the agentic era.”

The conference was supported by a rich ecosystem of partners, including Accenture, Capgemini, LTIMindtree, Microsoft, Persistent, Wipro, and many others.

Building on this monumental success, TestMu AI has announced that the sixth annual Testµ Conference will return from August 24-26, 2027, promising to once again gather the world’s brightest minds to push the boundaries of technology.

To learn more, visit: https://www.testmuai.com/testmuconf-2026/

Register for TestMu Conference 2027 here: https://www.testmuai.com/testmuconf-2027/ 

About TestMu AI
TestMu AI (Formerly LambdaTest) is a Full-Stack Agentic AI Quality Engineering platform that empowers teams to test intelligently and ship faster. Engineered for scale, it offers end-to-end AI agents to plan, author, execute, and analyze software quality. AI-native by design, the platform enables testing of web, mobile, and enterprise applications at any scale across real devices, real browsers, and custom real-world environments.

For more information, visit www.testmuai.com

Media Contact
Nikhil Saxena
Corporate Communication Manager
TestMu AI
nikhils@testmuai.com
+919870981968

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Dr. Monica Parrish Trent Named Executive Director of the National Restaurant Association Educational Foundation

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WASHINGTON, Aug. 27, 2026 /PRNewswire/ — The National Restaurant Association Educational Foundation today announced Monica Parrish Trent, PhD as the organization’s next Executive Director. Dr. Trent will advance the Foundation’s strong legacy while advancing its mission to empower people from all backgrounds with the training and education needed to succeed in the restaurant, foodservice, and hospitality industry.

Dr. Trent has more than 25 years of experience across higher education, workforce development, and national nonprofit leadership, focused on building pathways that connect education and training to meaningful careers and economic opportunity. Her professional journey includes faculty and leadership roles at diverse, multi-campus community colleges before moving into executive leadership in the national nonprofit sector. Throughout her career, she has led complex initiatives through distributed partner networks and built collaborations among educators, employers, funders, and community partners to translate strategy into programs that can be implemented and scaled.

Most recently, she served as Chief Program and Network Officer at Achieving the Dream (ATD), where she led national program and workforce strategy across a network of more than 300 community colleges.

“Monica is an exceptional leader who cares deeply about the power and opportunity in getting people into the right job,” said Michelle Korsmo, CEO of the National Restaurant Association Educational Foundation. “Her ability to tell a powerful story around an organization’s mission and developing partnerships and programs to bring it to life will benefit the Foundation as it provides experienced career exploration and workforce readiness in the restaurant industry to young people seeking these workplace entry roles.” 

“The restaurant and hospitality industry creates opportunities for millions of people, and its workforce growth depends on ensuring they have clear pathways to develop the skills, credentials, and experience employers need,” said Dr. Trent. “I have spent my career bringing educators, employers, and communities together to strengthen career pathways and help people move from learning to meaningful careers. I’m excited to bring that experience to the Foundation and help more people turn the skills they gain and credentials they earn into greater possibilities for advancement. Having worked in restaurants while I was a student, I saw firsthand how the industry opens doors for people from a wide spectrum of life experiences and how a job can grow into a lifelong career that supports a family and strengthens a community.”

The National Restaurant Association Educational Foundation invests in individuals throughout their career journeys, equipping them to grab ahold of industry opportunities to create a better future for themselves, while building communities that foster their growth and development. With a people-first focus, the Foundation empowers the restaurant and foodservice industry to maximize its potential as America’s second-largest private employer. Learn more here.

About the National Restaurant Association Educational Foundation (NRAEF): As the supporting philanthropic foundation of the National Restaurant Association, the NRAEF’s charitable mission includes enhancing the industry’s training and education, career development, and community engagement efforts. The NRAEF and its programs work to Attract, Empower, and Advance today’s and tomorrow’s restaurant and foodservice workforce. NRAEF programs include: ProStart® – a high-school career and technical education program; Restaurant Ready/HOPES – Partnering with community based organizations to provide people with skills training and job opportunities; Military – helping military servicemen and women transition their skills to restaurant and foodservice careers; Scholarships – financial assistance for students pursuing restaurant, foodservice and hospitality degrees; and the Restaurant & Hospitality Leadership Center (RHLC) – accredited apprenticeship programs designed to build the careers of service professionals. For more information on the NRAEF, visit ChooseRestaurants.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/dr-monica-parrish-trent-named-executive-director-of-the-national-restaurant-association-educational-foundation-302862105.html

SOURCE National Restaurant Association Educational Foundation

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