Aixtron reports preliminary Q2 results
Aixtron has reported preliminary results for the second quarter 2024.
"We have delivered a quarter with strong orders, especially in the area of SiC and GaN power electronics. This confirms the continued momentum in the industry to replace traditional silicon with the superior materials GaN and SiC. We expect similar strong orders in the upcoming quarters, as key customers continue to drive the expansion of their fabs for wide bandgap power semiconductors," said Felix Grawert, CEO and president of Aixtron.
Preliminary order intake in the second quarter of 2024 turned out strong at around €176 million (Q2/2023: €177.9 million) with the largest shares of equipment orders coming from the SiC power (~58 percent) and GaN power (~29 percent) segments.
At around €132 million (Q2/2023: €173.5 million) preliminary revenues were in the upper half of the guided range (€120 – 140 million). The preliminary operating result (EBIT) is around €13 million (Q2/2023: €44.6 million) which translates into an EBIT-margin of around 10 percent.
Based on the current market developments and exchange rates, the board has adjusted the guidance for fiscal year 2024 and now expects to generate revenues in the range between €620 million and €660 million (previously €630 million – €720 million), a gross margin of around 43 percent – 45 percent (unchanged) and an EBIT margin of around 22 percent – 25 percent (previously 24 percent – 26 percent).
The full half-year report 2024 including the final results for the first half of 2024 will be published as planned on July 25, 2024.
