X-Fab shares fall as Q2 forecast disappoints

X-Fab Silicon Foundries Europese Vennootschap

30/04/2026 09:11

** Shares of German contract chipmaker X-Fab XFAB.PA fall nearly 7% after the group's Q2 guidance missed market expectations

** The company's management indicated in its statement demand for automotive chips remains soft, yet it sees a steady recovery in the second half of the year

** For Q2, X-Fab forecasts sales in a range of $190-200 millions against  $205 million seen a company-provided consensus

** The guidance indicates a potential third consecutive quarter of sales decline

** "The automotive market is not easy these days amidst economic uncertainty, consumer spending facing headwind from higher energy prices, and growing competition from Chinese foundry competitors," Degroof Petercam analysts say in a note

** X-Fab reported sales of $195.6 million in Q1, against consensus estimates of $195.5 million

(Reporting by Nathan Vifflin in Gdansk)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))