Germany's Aixtron Q1 revenue, sales hit by lower volume, restructuring costs

AIXTRON SE

30/04/2026 06:50

Overview

Germany semiconductor equipment maker's Q1 revenue fell 47%, gross profit down 68% amid lower volumes and restructuring costs, as expected

Order intake rose 30% yr/yr, driven by strong optoelectronics demand

Company confirms 2026 revenue and margin guidance on robust order pipeline

Outlook

Aixtron expects 2026 revenue of EUR 560 mln, ± EUR 30

Company sees 2026 gross margin around 42% and EBIT margin between 17% and 20%

Aixtron expects Q2/2026 revenue of EUR 110 mln, ± EUR 10 mln

Result Drivers

LOWER VOLUMES - Revenue decline attributed to lower shipment volumes, particularly in power electronics, per company statement

RESTRUCTURING COSTS - One-off expenses from personnel reduction weighed on gross profit and EBIT

OPTOELECTRONICS DEMAND - Strong order intake driven by optoelectronics, though impact mainly on future periods

Company press release: ID:nEQ8pthnba

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-EUR 0.19
Q1 Net Income
-EUR 21.9 mln
Q1 Free Cash Flow
EUR 48.50 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 8 "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 €33.00, about 26.2% below its April 29 closing price of €44.69

The stock recently traded at 55 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.)