Germany's Siltronic Q1 revenue misses estimates on lower wafer sales

Siltronic AG

29/04/2026 06:38

Overview

Germany wafer maker's Q1 revenue fell 17.5% and missed analyst expectations

Q1 EBITDA also missed analyst expectations

Company confirmed 2026 guidance for sales and EBITDA margin

Outlook

Siltronic confirms 2026 sales to fall mid-single-digit percent below 2025 at EUR/USD 1.18

Company expects 2026 EBITDA margin between 20% and 24%

Company anticipates ongoing FX effects, price pressure, and high customer inventory to weigh on results

Result Drivers

LOWER WAFER AREA SOLD - Co said Q1 sales decline was primarily due to a significant reduction in wafer area sold compared to previous periods

DELIVERY SHIFTS IN PRIOR QUARTER - Co said Q4 2025 sales were boosted by delivery shifts from Q3 2025 and early 2026, making Q1 2026 appear weaker

CUSTOMER INVENTORY AND CAPACITY CONSTRAINTS - Co cited capacity constraints at Memory chip customers and high inventory levels for 200 mm products as dampening demand

Company press release: ID:nEQJ6jlLa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
EUR 306.50 mln
EUR 317.06 mln (4 Analysts)
Q1 EBITDA
Miss
EUR 65.10 mln
EUR 67.38 mln (4 Analysts)
Q1 EBIT
-EUR 52.40 mln
Q1 EBITDA Margin
21.20%
Q1 EBIT Margin
-17.10%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and 3 "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 €59.50, about 15.1% below its April 28 closing price of €70.05

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.)