CEO post on LinkedIn4 Feb 2026 10:02
EnSilica has delivered a strong and encouraging first half, with record revenues, growing profitability and clear evidence that our strategy of focusing on high-growth, technology-led markets is delivering results. Growth in chip supply revenues, alongside robust design and NRE activity, reflects increasing customer confidence in our ability to deliver complex, safety- and security-critical silicon into long-lifecycle applications.
Operational momentum has continued beyond the period end. We are making steady progress across a broad portfolio of advanced ASIC programmes, with multiple devices moving through key execution milestones towards tape-out and production, and with recurring supply and royalty revenues becoming an increasingly important component of the business.
In satellite communications, we are seeing sustained engagement across both user terminals and payload chips, including the advancement of a satellite payload ASIC following receipt of a $1.4 million purchase order, reinforcing our position in this rapidly expanding market.
We are also deepening our presence in safe and secure silicon. The award of a £5 million UK Government Innovate UK Contract for Innovation to develop a quantum-resilient RISC-V secure processor for critical national infrastructure applications underlines the relevance of our security architectures and our ability to support sovereign, regulated and safety-critical systems.
Separately, we are progressing prototype developments such as an enhanced electronic road-tolling ASIC, intended to validate next-generation functionality and create optionality for future commercial supply opportunities.
Alongside programme execution, we continue to invest in the foundations for long-term growth. The establishment of our new mixed-signal design centre in Budapest strengthens our EU engineering footprint and expands our analogue and mixed-signal capability, enabling us to support increasing programme scale and complexity. This, combined with our growing portfolio of reusable IP and platforms, positions the business well as more designs transition from development into sustained production.
With business already booked to support £28 million to £30 million of revenues in FY26, and with a number of customer tape-outs scheduled for the second half of the financial year, we expect FY26 revenues to be weighted towards the second half. Beyond FY26, the depth, quality and duration of our contracted and pipeline programmes give us confidence in the long-term scalability and resilience of the business, as EnSilica continues to build a high-quality, recurring revenue supply base.
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