Aixtron adjusts forecast due to poor Q3 results
Aixtron SE is adjusting its forecast for fiscal year 2025 in light of soft market environment and negative foreign exchange effects.
“The demand upturn has not yet materialised in Q3/2025, such that we are now narrowing the revenue guidance for the full year to the lower half of the initial range,” says Felix Grawert, CEO of Aixtron SE.
He added: “The Q3/2025 is negatively impacted by volume shifts and foreign exchange effects, which have only limited impact on our full year results. We are on track with respect to our operational metrics for the full year 2025, besides the loss of gross profit due to foreign exchange-effects. Our medium- and long-term growth drivers, e.g. with the introduction of new 800V architectures for AI data centres using both SiC and GaN, remain intact. By expanding our market position, we will benefit disproportionately from the next upturn.”
Preliminary order intake in the third quarter of 2025 turned out at around €124 million (Q3/2024: €143.4 million) and revenues at around €120 million (Q3/2024: €156.3 million), within the guided range of €110 – 140 million.
Gross profit and operating result in the quarter were negatively affected by volume shifts from Q3/2025 into Q4/2025 (around €8 million) and foreign exchange effects (around €2 million). As a result, gross profit for the past quarter came out at around €46 million (Q3/2024: €67.1 million) with a gross margin of about 39 percent (Q3/2024: 43 percent).
The operating result (EBIT) totalled around €15 million (Q3/2024: €37.5 million), which translates into an EBIT-margin of about 13 percent (Q3/2024: 24 percent).
Adjusted outlook
Based on the current market developments and an adjusted exchange rate of 1.15 $/€ for the rest of FY 2025 (previously $1.10/€), the board has adjusted the guidance for fiscal year 2025.
The board expects to generate revenues in the range between €530 million and €565 million, which corresponds to the lower half of the initial guidance (previously €530 million – €600 million). Foreign exchange-effects lead to an around 1 p.p. reduction of gross margin and EBIT margin.
As a result, the board expects gross margin around 40 percent – 41 percent (previously 41 percent - 42 percent) and an EBIT margin of around 17 percent – 19 percent (previously 18 percent – 22 percent).
