AIXTRON SE Reports Preliminary Q2/2024 Results and Adjusts FY 2024 Guidance

Herzogenrath, 04 July 2024 – AIXTRON SE has released its preliminary figures for Q2/2024 and updated its financial guidance for the full year 2024. The company reported a strong preliminary order intake of approximately EUR 176 million, primarily driven by the Silicon Carbide (SiC) and Gallium Nitride (GaN) power segments, constituting 58% and 29% of equipment orders, respectively.

Preliminary revenues for the quarter were around EUR 132 million, compared to EUR 173.5 million in Q2/2023, and within the guided range of EUR 120 to 140 million. The preliminary operating result (EBIT) was around EUR 13 million, resulting in an EBIT margin of 10%.

In light of current market conditions and a planned exchange rate of USD 1.15/EUR, AIXTRON revised its revenue forecast for 2024 to EUR 620-660 million. The projected gross margin remains unchanged at 43-45%, while the EBIT margin target is adjusted to 22-25%, down from the previous 24-26%.

The final half-year report for 2024 is scheduled for publication on 25 July 2024.