Germany's Siltronic marginally misses Q2 revenue estimates on weak dollar, production line closure

Siltronic AG

30/07/2026 06:25

Overview
Germany wafer maker's Q2 revenue and EBITDA slightly missed analyst expectations
Q2 sales rose 4.9% from Q1, driven by higher wafer area sold
Company refined 2026 sales guidance to low to mid-single-digit percentage decline vs prior year

Outlook
Siltronic expects 2026 sales to be low to mid-single-digit percentage below prior yr
Company maintains 2026 EBITDA margin guidance at 20 to 24%
Demand for 200 mm wafers seen recovering significantly in H2 2026

Result Drivers
HIGHER WAFER AREA SOLD - Q2 sales increase was mainly driven by higher wafer area sold
NEGATIVE FX EFFECTS AND LINE CLOSURE - H1 sales were negatively impacted by a weaker US dollar and the closure of the SD production line
HIGHER DEPRECIATION AND OPERATING EXPENSES - Profitability was reduced by significantly higher depreciation and increased operating expenses from capacity expansion in Singapore

Company press release: ID:nEQWkXzba

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Slight Miss*
EUR 321.60 mln
EUR 322.34 mln (5 Analysts)
Q2 EBITDA
Slight Miss*
EUR 69.40 mln
EUR 69.80 mln (5 Analysts)
Q2 EBIT
 
-EUR 51.90 mln
 
Q2 EBITDA Margin
 
21.60%
 
Q2 EBIT Margin
 
-16.10%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 6 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Siltronic AG is €86.00, about 26.6% above its July 29 closing price of €67.95

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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.)