News: Suppliers
8 July 2024
Aixtron’s Q2 order intake driven by silicon carbide and gallium nitride power electronics
In preliminary results for second-quarter 2024, deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany is reporting strong order intake of about €176m (down only slightly on €177.9m a year ago). The largest shares of equipment orders comes from silicon carbide (SiC) power electronics (~58%) and gallium nitride (GaN) power electronics (~29%).
Preliminary sales revenue of about €132m is down from €173.5m a year ago, but this is in the upper half of the forecast range.
Preliminary operating profit (EBIT) is about €13m (down from €44.6m a year ago). EBIT margin is about 10%.
Based on current market developments and the planned exchange rate of 1.15$/€, the forecast for full-year 2024 sales revenue has been reduced from €630–720m to €620–660m. The forecast for gross margin remains 43–45%. However, the forecast for EBIT margin has been cut from 24–26% to 22–25%.
“We closed the quarter with strong order intake, particularly in the area of SiC and GaN power electronics. This confirms the continued momentum in the industry to replace traditional silicon with the high-performance materials GaN and SiC,” says CEO & president Dr Felix Grawert. “We expect similarly strong order intake in the coming quarters as major customers continue to expand their production facilities for wide-bandgap power semiconductors.”
Aixtron’s complete first-half 2024 results will be reported on 25 July.
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Aixtron grows Q1 revenue and profit significantly year-on-year
