AIXTRON SE Reports Strong Q1 Performance and SiC Market Expansion

AIXTRON SE, a leading provider of deposition equipment for semiconductors, announced a robust first quarter in 2024 with significant growth in revenue and profit. Revenues surged by 53% reaching €118.3 million, against the previous year's €77.2 million. The company credited this performance to increased sales in silicon carbide (SiC) and gallium nitride (GaN) based power electronics.

The company also highlighted the construction of its new Innovation Center in Herzogenrath, Germany, which is progressing on schedule and within budget. The expansion of their G10 product family and new customer acquisitions, including a top-5 SiC manufacturer, further cement AIXTRON's strong market position.

Moreover, AIXTRON's operating result saw a significant uptick, with an 183% increase year-over-year to €9.9 million. This growth aligns with their confirmed 2024 full-year guidance, projecting revenues between €630 million and €720 million. The company remains committed to innovation and excellence in serving high-tech semiconductor sectors.