X-FAB surges on quarterly earnings beat, bright outlook

X-Fab Silicon Foundries Europese Vennootschap

01/08/2025 08:49

** Shares in X-FAB XFAB.PA rise about 10% to 7.03 euros in choppy trade

** Set for best day since late April

** Silicon wafers maker posted better-than-expected Q2 results and better Q3 and FY sales outlook

** X-FAB Q2 sales beats consensus by 5% - Degroof Petercam

** Q3 sales outlook is also 5% above the broker's and consensus' estimates at mid-point, similarly to FY forecast

** KBC Securities points to an above-average order intake for co's microsystems business

** Adds, XFAB now has adequate capacity to support ongoing trends like "electrification of everything", ensuring long-term demand

** YTD, stock gained 27.3%, up to previous session's close;  yet to recoup the nearly 51% value loss over the last year

 (Reporting by Piotr Lipinski)

 ((piotr.lipinski@tr.com))