Germany · Delayed Price · Currency is EUR Siltronic AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw lower sales and profitability due to delivery phasing, but robust AI-driven server demand is boosting the outlook for leading-edge wafers. 2026 guidance remains cautious, with EBITDA margin expected between 20–24% and CapEx at EUR 180–220 million.
Fiscal Year 2025
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2025 results were resilient despite FX and SD closure headwinds, with sales at EUR 1.35 billion and EBITDA margin at 23.5%. 2026 guidance anticipates stable sales excluding SD and FX, continued 300-mm strength, and EBITDA margin of 20–24%.
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Q3 2025 saw weaker sales and profitability due to volume shifts and FX headwinds, but market share remained stable. The 300mm segment is recovering, while 200mm remains weak; cost discipline and CapEx reductions continue. Full-year guidance is confirmed, with EBITDA margin narrowed to 22%-24%.
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Q2 2025 saw a 5% sales decline due to FX and price headwinds, but EBITDA margin improved to 26.3% on one-time effects. Full-year sales are now expected mid single-digit % below 2024, with H2 CapEx and net cash outflow set to decrease. Market share remains stable amid persistent inventory overhang.
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Q1 2025 saw a 4% sales decline and lower margins, but market share stayed stable. Guidance for 2025 sales and CapEx is unchanged, with EBITDA margin now expected at 21–25%. Risks from tariffs, FX, and customer inventories remain elevated.
Fiscal Year 2024
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Sales declined 7% year-over-year, but EBITDA margin remained resilient at 26%. 2025 guidance anticipates flat sales, lower prices, and a continued focus on cost and cash management, with H2 expected to outperform H1. Net financial debt rose to EUR 734 million, and CapEx will be further reduced.
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Q3 2024 saw modest sales growth and a 25% EBITDA margin amid weak wafer demand and high inventories. Guidance for 2024 sales and margins was slightly adjusted due to delayed fab qualifications, while financial flexibility improved with a EUR 370 million loan.
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Q2 2024 saw a modest sales increase and solid profitability despite weak wafer demand and high inventories. Full-year guidance was slightly upgraded, with reduced CapEx and stable LTA pricing, while the new Singapore fab ramps up for future growth.