Belgium's X-Fab Q1 revenue falls 4% on weak automotive demand

X-Fab Silicon Foundries Europese Vennootschap

30/04/2026 06:16

Overview

Belgium-based specialty foundry's Q1 revenue fell 4% yr/yr amid automotive market softness

Q1 EBITDA dropped 30% yr/yr, margin at 17.5%

Microsystems and wide-bandgap businesses posted strong double- and triple-digit revenue growth

Outlook

X-FAB expects Q2 2026 revenue between $190 mln and $200 mln

Company sees Q2 2026 EBITDA margin in the range of 17% to 20%

Company anticipates steady recovery of automotive business in H2 2026

Result Drivers

AUTOMOTIVE WEAKNESS - Co said softness in the automotive end market, driven by ongoing inventory adjustments and macroeconomic uncertainties, weighed on overall revenue and profitability

MICROSYSTEMS & WIDE-BANDGAP GROWTH - Strong revenue growth in microsystems (up 42% yr/yr) and wide-bandgap technologies (up 152% yr/yr) helped offset declines in other areas

FIXED COSTS & R&D SPENDING - High fixed costs and increased R&D expenses limited the company's ability to offset lower revenue, affecting margins

Company press release: ID:nBw16FZsVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$195.60 mln
$198 mln (2 Analysts)
Q1 EBIT
$2.30 mln
Q1 EBITDA
$34.20 mln
Q1 EBITDA Margin
17.50%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 6 "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 X-Fab Silicon Foundries Europese Vennootschap is €4.80, about 30.3% below its April 29 closing price of €6.89

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 11 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.)