AIXTRON Shows Stable Q3 Performance Amidst Challenging Market Conditions

AIXTRON SE reported steady revenues for Q3 2024 despite a challenging market environment. The company announced revenues of EUR 156.3 million, aligning with its guidance range, though slightly less than Q3 2023's EUR 165 million. This shortfall was due to a postponed delivery. However, AIXTRON experienced a significant 21% increase in order intake compared to the previous year, reaching EUR 143.5 million.

Technologically, AIXTRON celebrated advancements in its SiC and GaN systems, including a prominent presentation of its 200mm G10-SiC system, which now leads the market in performance and cost efficiency. The first 300mm GaN systems have already begun demonstration lines with customers.

Financially, the gross margin slightly declined due to lower-margin products and increased R&D investments. Nonetheless, net cash flow from operations improved markedly, driven by inventory optimization. Moving forward, AIXTRON maintains its 2024 guidance while expecting moderate demand in 2025.