Germany's Aixtron misses prelim Q1 revenue estimates; raises 2026 revenue outlook

AIXTRON SE

14/04/2026 20:16

Overview

Germany deposition equipment supplier's preliminary Q1 revenue missed analyst estimates

Preliminary Q1 EBIT swung to a loss and missed analyst expectations

Company raised FY 2026 revenue and margin guidance on stronger optoelectronics equipment demand

Outlook

Aixtron raises FY 2026 revenue guidance to around EUR 560 mln, plus/minus EUR 30 mln

Company increases FY 2026 EBIT margin outlook to 17%-20% from 16%-19%

Aixtron expects FY 2026 gross margin at around 42% (previously 41%-42%)

Result Drivers

ONE-OFF PERSONNEL COSTS - Co said a mid-single-digit mln EUR one-off expense related to personnel reduction negatively affected gross profit and EBIT

LOW VOLUME - Co said negative operating leverage from low volume was a main reason for low gross and EBIT margin

Company press release: ID:nEQ8mclZha

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 59 mln
EUR 65.73 mln (3 analysts)
Q1 EBIT
Miss
-EUR 22 mln
-EUR 7.18 mln (3 Analysts)
Q1 Orders
EUR 171 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the semiconductor equipment & testing peer group is "buy."

Wall Street's median 12-month price target for Aixtron SE is €32.50, about 7.6% below its April 14 closing price of €35.19

The stock recently traded at 49 times the next 12-month earnings vs. a P/E of 26 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)