BlockBeats news, on May 30, "New Stock God" Serenity posted an analysis stating that her interpretation of Sivers Semiconductors' earnings call was notably bullish, suggesting the company's growth narrative is shifting from customer validation to capacity and supply constraints.
Regarding customers and orders, the post mentions that Jabil-related pluggable collaborations are driving increased demand for optical transceivers, with potential beneficiaries including optical module manufacturers such as Innolight and Eoptolink.
Regarding production capacity and supply chain, the post states that, in addition to its partnership with Win Semiconductor (Win Semi), the company is advancing additional laser capacity and developing more partnerships, citing management as saying, “Further details will be disclosed to the market when the time is right.” The poster interprets this as suggesting that production constraints may be further alleviated.
Regarding customer and order momentum, the post cites "mass production orders from main SATCOM customers are imminent" and interprets this as the space communications business approaching a scaling phase.
Regarding capital and structural changes, the post mentioned that the company’s dual listing on U.S. markets is progressing smoothly, and indicated that a more detailed timeline may be announced after the new board members take office, suggesting that the new board brings experience in mergers and acquisitions and U.S. capital markets.
Regarding industry cycle analysis, the post notes that management emphasized it is a mistaken approach to view ecosystem suppliers as competitors during a supercycle where demand far exceeds supply, and highlighted that demand in the photonics sector continues to rise rapidly.
In terms of growth metrics, the company’s photonics business pipeline has increased by approximately 77% over the past five months, becoming the primary driver of overall growth, and this is seen as validation of the expansion trend in the CPO (co-packaged optics) and pluggable optical modules sectors.
Overall, this perspective suggests that Sivers Semiconductors’ narrative is shifting from “customer and competitive validation” to “supply constraints and capacity ramp-up,” with expectations that revenue growth could accelerate as the CPO industry scales up after 2027.