EnSilica, the AIM-listed fabless microchip designer serving space, industrial and automotive markets, expects EBITDA of £4.7m for the year ended 31 May, surpassing its £3.5-4.5m guidance range and up from breakeven a year earlier.
Revenue for the period is expected at £27.5m, within 2% of the £28-30m guidance range, with the shortfall attributed to a tape-out milestone on an Edge AI contract that slipped into the new financial year; the company said revenues would have been ahead of market expectations had the tape-out completed on schedule.
Cash at year end stood at £7.5m, up from £2m at the prior year end.
For the financial year ending 31 May 2027, EnSilica is guiding revenue of £32-34m and EBITDA of £5.5-6.5m, with approximately 80% of anticipated revenues already covered by existing contracts, supply agreements and customer orders at the start of the period.
The new business sales pipeline expanded from $400m to $600m despite $125m of contract wins converting into supply revenues, while lifetime supply revenues rose 50% to $375m, driven by a satellite user terminal programme expected to generate more than $50m and an automotive semiconductor contract worth approximately $75m over its lifetime.
"The Company has never had a stronger pipeline of opportunity," said chief executive Ian Lankshear.
Audited full-year results are expected in October 2026.
