Switzerland's Comet H1 sales rise on strong demand for chip-making tools
Switzerland's Comet H1 sales rise on strong demand for chip-making tools
Overview
Switzerland plasma and x-ray tech firm's H1 net sales rose 5.6% yr/yr to CHF 239.8 mln
EBITDA margin improved to 13.1% from 10.1%, aided by higher sales volumes
Company expects strong H2 sales and profitability as semiconductor demand remains robust
Outlook
Comet expects FY26 net sales between CHF 540 mln and CHF 570 mln
Company sees FY26 EBITDA margin in the range of 14.0% to 17.0%
Comet says semiconductor cycle upturn will continue in H2, with profitability improving
Result Drivers
SEMICONDUCTOR DEMAND - Co said growth was driven by a strengthening upturn in the semiconductor industry and increased demand for manufacturing equipment
AI AND ADVANCED PACKAGING - Accelerated growth in AI infrastructure, Advanced Packaging, and leading-edge technologies supported higher sales
DIVISIONAL PERFORMANCE - PCT division saw strong demand and expanded capacity; IXS division doubled CA20 purchase orders and improved cost structure; IXM division grew in aerospace, defense, and battery markets but faced currency headwinds
Company press release: ID:nEQ6G1wRla
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| CHF 239.80 mln |
|
H1 EBITDA Margin |
| 13.10% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy"
Wall Street's median 12-month price target for Comet Holding AG is CHF475.00, about 40.9% above its July 30 closing price of CHF337.00
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 33 three months ago
Reuters Recommended Reads
July 30 - Switzerland's INFICON Q2 sales rise on strong semiconductor demand, lifts 2026 outlook
July 30 - Germany's Aixtron misses Q2 revenue and profit estimates
July 28 - Netherlands' ASM International Q2 revenue rises on AI-related demand, raises FY forecast
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.)