News: Suppliers
23 October 2025
Aixtron’s preliminary Q3/2025 EBIT halved as revenue falls 23% year-on-year
In light of the soft market environment and negative FX effects, deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany is adjusting its forecast for 2025.
Revenue in third-quarter 2025 is about €120m, down 23% on Q3/2024’s €156.3m, but within the guidance range of €110–140m.
Due to the negative impacts of volume shifts from Q3/2025 into Q4/2025 (€8m) and foreign exchange (FX) effects (€2m), gross margin has fallen from 43% in Q3/2024 to about 39% in Q3/2025.
The operating result (EBIT) has more than halved from Q3/2024’s €37.5m (EBIT margin of 24%) to about €15m in Q3/2025 (EBIT margin of about 13%).
Preliminary order intake in Q3/2025 is €124m, down 13.5% on Q3/2024’s €143.4m.
“The demand upturn has not yet materialized in Q3/2025,” notes CEO Dr Felix Grawert. “Q3/2025 is negatively impacted by volume shifts and FX effects, which have only limited impact on our full-year results,” he adds.
Based on current market developments and an adjusted exchange rate of US$1.15/€ for the rest of 2025 (rather than US$1.10/€ previously), Aixtron’s executive board has hence narrowed its full-year 2025 guidance for revenue to €530–565m, which corresponds to the lower half of its initial guidance of €530–600m.
FX effects have led to an approximately 1 percentage point reduction in guidance for both gross margin (from 41–42% previously to 40–41%) and EBIT margin (from 18–22% previously to 17–19%).
“We are on track with respect to our operational metrics for the full-year 2025, besides the loss of gross profit due to FX effects,” says Grawert. “Our medium- and long-term growth drivers, e.g. with the introduction of new 800V architectures for AI data centers using both SiC [silicon carbide] and GaN [gallium nitride], remain intact,” he adds. “By expanding our market position, we will benefit disproportionately from the next upturn.”
The full Q3/2025 report, including the final results for the first nine months of 2025, will be issued as planned on 30 October.
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