Aixtron Q2 Earnings Call Highlights

Key Points

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• Optoelectronics drove Aixtron's Q2 momentum: Orders reached €215 million, with optoelectronics accounting for 75% arsenic AI information centers accelerate adoption of 800G and aboriginal 1.6T optical connectivity. Management expects beardown request done precocious 2026 and into 2027.

• Q2 gross roseate to €115 cardinal from €59 cardinal successful Q1, portion EBIT returned to a €15 cardinal nett and escaped currency travel reached €114 million. Aixtron reaffirmed its 2026 gross outlook of €560 million, positive oregon minus €30 million.

• Recovery remains uneven: Silicon carbide, gallium nitride powerfulness electronics, and LED/Micro LED markets are inactive cautious, portion Aixtron begins operation of a caller Malaysia installation to grow manufacturing capacity.

Aixtron (ETR:AIXA) reported a crisp summation successful second-quarter gross and orders arsenic request for optoelectronics instrumentality utilized successful AI data-center applications accelerated, portion powerfulness electronics and LED markets remained successful much gradual betterment phases.

Chief Executive Officer Dr. Felix Grawert said the institution received €215 cardinal successful caller orders during the 2nd quarter, with optoelectronics accounting for the bulk of demand. Revenue reached €115 million, up from €59 cardinal successful the archetypal 4th and successful enactment with the company's quarterly outlook, though down 16% from the prior-year period.

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"Optoelectronics remains precise dynamic and is presently the wide maturation operator for AIXTRON," Grawert said, pointing to request for high-speed optical connectivity successful artificial-intelligence information centers.

Optoelectronics Drives Order Momentum

Optoelectronics represented 75% of instrumentality orders successful the 2nd quarter, according to Grawert. He said request is being supported by the modulation from copper-based links and lower-speed optical connections toward 800G connectivity, followed by 1.6T and higher-speed architectures.

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Those changes necessitate a larger fig of precocious lasers, including indium phosphide-based electro-absorption modulated lasers and continuous-wave lasers, for data-center applications. Customers are besides processing photonic integrated circuits arsenic a consequent exertion step, Grawert said.

The institution said the existent concern question extends beyond a fistful of ample manufacture participants. Grawert said Aixtron is seeing capacity-expansion commitments from starring laser suppliers globally, arsenic good arsenic increasing enactment among smaller manufacturers. About 15 laser companies relationship for astir 80% of the company's applicable bid intake, helium said during the question-and-answer session.