Germany's Jenoptik Q1 order intake jumps 74% on semiconductor equipment demand

Jenoptik AG

12/05/2026 10:47

Overview

Germany photonics group's Q1 revenue slightly below prior year, profitability improved

Net income and EPS rose yr/yr, driven by improved product mix and lower costs

Order intake surged 74% yr/yr, led by semiconductor equipment demand

Outlook

Jenoptik confirms 2026 revenue growth in single-digit percentage range from 1,046 mln euros

Company expects 2026 EBITDA margin between 19.0% and 21.0%

Jenoptik sees 2026 capital expenditure slightly below prior year's 77.4 mln euros

Result Drivers

SEMICONDUCTOR DEMAND - Strong order intake and revenue growth in Semiconductor & Advanced Manufacturing driven by demand from semiconductor equipment industry, including a major order

PRODUCT MIX AND COST CUTS - Improved product mix, absence of one-off relocation costs, and cost-cutting measures boosted profitability

INVENTORY BUILD-UP - Free cash flow affected by increased working capital to respond to rising demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 241.2 mln
EUR 238.11 mln (2 Analysts)
Q1 Net Income
EUR 16.8 mln
Q1 Orders
EUR 356.9 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

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

Wall Street's median 12-month price target for Jenoptik AG is €33.00, about 9.1% below its May 11 closing price of €36.30

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

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(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.)