Germany · Delayed Price · Currency is EUR AIXTRON SE Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw strong Optoelectronics-driven orders but lower revenues due to seasonality and soft power electronics. Guidance for 2026 is confirmed with expected revenue growth, improved margins, and a new Malaysia facility to support future demand.
Fiscal Year 2025
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2025 revenue declined 12% to EUR 557 million, but cash flow and Q4 margins were strong. 2026 guidance anticipates EUR 520 million revenue, with optoelectronics growth offsetting SiC weakness and stable LED/micro LED demand. AI and data center trends drive future optimism.
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Q3 2025 saw revenues and margins decline year-over-year amid soft market conditions, with strong performance in Optoelectronics and GaN offset by weakness in SiC and Power Electronics. Guidance for 2025 was lowered, and 2026 is expected to be flat or slightly down, with margin stability supported by cost actions.
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EBIT and cash flow improved significantly in H1 2025, with strong performance in optoelectronics and robust cash management. Full-year guidance is maintained, but most markets remain soft except for lasers, and recovery timing in silicon carbide and GaN is uncertain.
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Q1 2025 revenues exceeded guidance despite a weak market, with strong order intake led by silicon carbide and optoelectronics, especially in China. Full-year guidance is confirmed, with ongoing cost reductions and a focus on high-growth segments like Datacom and AI-related optoelectronics.
Fiscal Year 2024
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2024 revenue grew 1% to EUR 633 million, with strong Q4 performance and market leadership in SiC and GaN. 2025 guidance anticipates a 10% revenue decline, stable margins, and China as the main growth driver for SiC. Cash flow improved, but focus remains on inventory reduction and rebuilding cash.
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Q3 2024 saw solid orders and improved gross margin, though revenue was at the lower end of guidance due to a project delay. The company confirmed its 2024 outlook, expects 2025 revenue to be flat or slightly down, and continues to invest in innovation for silicon carbide and GaN markets.
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Q2 2024 delivered strong order intake and robust SiC market expansion, despite a softer environment. Revenue guidance for 2024 was lowered, but margin targets remain intact, supported by a favorable product mix and ongoing infrastructure investments.