EnSilica - fresh orders powers shares to three-year High

Mark Watson-Mitchell - 23.04.2026

The news from EnSilica (LON:ENSI) this morning has helped to push the price of its shares to a new three-year High.

The group, which is a leading fabless, microchip maker with a growing portfolio of reusable IP, serving the Space & Comms, Industrial, Automotive and Healthcare markets, declared that it had secured multi-chip development contracts with a leading European satellite operator for its next-generation satellite network.

Based on just the user terminal elements of the Contracts, this is the largest long-term potential supply opportunity won by EnSilica to date, potentially worth in excess of $50m from 2030.

Management Comment

CEO Ian Lankshear stated that:

"The award provides significant industry validation for EnSilica and we are very proud of our technology being selected for this major Space programme following extensive joint study phases.

In addition, the scale and structure of the project mean that it will generate attractive short-term NRE revenues with the potential for substantial long-term supply revenues.

Furthermore, the ASSP elements of the programme demonstrate the strength of our platform strategy, utilising EnSilica's reusable silicon solutions that can be deployed across multiple customers and programmes."

Analysts Harvey Robinson and Andrew Ripper, at Panmure Liberum, rate the group's shares as a Buy, with a Target Price of 84p.

They note that the customer is a leading European satellite operator developing a next-generation communications system designed to enhance network resilience, flexibility, and coverage.

The programme will progress through phased development over the next two and a half years, beginning with initial NRE revenues in the current financial year.

The analysts consider that it will be followed by long-term semiconductor supply revenues as the network is deployed and scaled.

For the current year to end-May they look for group sales to rise to £28.0m (£18.0m), with pre-tax profits of £0.6m (£3.5m loss), lifting earnings to 0.5p (1.0p loss) per share.

The coming year could see £33.0m sales, £1.9m profits and 1.6p per share in earnings.

My View

The group's shares were chased up to 79p in investor reaction, before understandable profit-taking set in to clip them back to 71.50p, up 8.41% on the day.

(Profile 02.06.25 @ 34.50p set a Target Price of 43p*)

(Profile 23.07.25 @ 39p set a Target Price of 50p*)