Germany's Elmos Semiconductor Q1 sales rise, outlook raised

Elmos Semiconductor SE

05/05/2026 06:55

Overview

Germany automotive chipmaker's Q1 sales rose 20% yr/yr as customer orders increased

Q1 EBIT margin improved to 23.8%, driven by higher sales and efficiency programs

Company raised 2026 guidance for sales growth, EBIT margin, and free cash flow

Outlook

Elmos raises 2026 sales growth outlook to 12% ± 2 percentage points

Company anticipates 2026 EBIT margin of 23% to 26% of sales

Elmos expects 2026 operating adjusted free cash flow at 19% ± 2 percentage points of sales

Result Drivers

CUSTOMER ORDER REBOUND - Co said end of inventory adjustments in automotive semiconductor market led to increased customer orders

COST OPTIMIZATION - Co cited success of cost optimization and efficiency programs as supporting improved margins

LOWER CAPITAL EXPENDITURES - Reduced investments and working capital contributed to higher adjusted free cash flow

Company press release: ID:nEQccfZG9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
EUR 152.50 mln
EUR 146 mln (1 Analyst)
Q1 Adjusted Free Cash Flow
EUR 40.70 mln
Q1 Basic EPS
EUR 1.52
Q1 Capex
EUR 2.70 mln
Q1 Gross Profit
EUR 70.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Elmos Semiconductor SE is €150.00, about 18.6% below its May 4 closing price of €184.20

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 18 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.)