Siltronic posts first quarter sales below expectations (updated)

Siltronic AG

29/04/2026 06:32

Adds background information in paragraphs 6, CEO comment in paragraph 7

By Ozan Ergenay

April 29 (Reuters) - German semiconductor materials supplier Siltronic WAFGn.DE reported lower-than-expected quarterly sales on Wednesday, as it continued to be affected by a challenging market environment.

The company, which makes silicon wafers used in semiconductor chips, posted first-quarter revenue of 306.5 million euros ($359 million), down from 345.8 million euros a year earlier and below analysts' average forecast of 317 million euros according to a poll by LSEG.

The German firm's earnings before interest, taxes, depreciation and amortization (EBITDA) came in at 65.1 million euros, down from 78.3 million euros last year, missing analysts' expectation of 67.4 million euros.

"As expected, the start of fiscal year 2026 was subdued, it is encouraging that growth in AI-driven end markets has continued to strengthen. However, capacity constraints at our customers in the memory chip sector, as well as persistently high inventory levels for 200 mm products, are dampening optimism," CEO Michael Heckmeier said in a statement.

Chip makers and material suppliers have been affected by a slower than expected recovery in inventory levels by customers, as AI chip demand only partially offset weakness in the sector for automotive, PC and memory chips.

Quarterly results from companies in the chip industry, including TSMC 2330.TW, Texas Instruments TXN.O, Intel INTC.O, ASML ASML.AS, ASM International ASMI.AS and Besi BESI.AS, have shown the sector is continuing to benefit from surging demand for AI chips and related memory chip shortages.

Heckmeier also said geopolitical uncertainties related to developments in the Middle East currently have no direct impact on its business, adding that the company is monitoring the situation very closely.

        Siltronic confirmed its full-year guidance for 2026.

($1 = 0.8544 euros)

 (Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)

 ((Ozan.Ergenay@thomsonreuters.com; +48 58 746 90 34))