Aixtron shares jump 8% as power electronics orders recover

Aixtron, a German semiconductor equipment manufacturer, saw its shares rise by over 8% on Thursday following a positive report on power electronics orders for the third quarter. The power electronics segment represented 24% of the company's equipment orders, while optoelectronics made up 68%. Looking ahead, the company's first orders for capacity expansions and a growing pipeline indicate a potential recovery in the power electronics sector.

In the quarter, Aixtron received advance pre-prepayments totaling €110 million, covering 40% of the third quarter's orders. The company's equipment order backlog reached €549.4 million, offering visibility into revenue for 2027. For the third quarter, order intake totaled €275 million, surpassing the expected €210 million. Revenue amounted to €184 million, slightly above the consensus estimate of €180 million.

The company reported a gross margin of 48% in the quarter, surpassing the estimated 44.1%. The operating margin reached 31%, exceeding the 25.2% consensus. Aixtron has maintained its full-year 2026 guidance, targeting revenue of €560 million, with a gross margin of approximately 42% and an operating margin ranging between 17% and 20%.