Siltronic raises full-year guidance after Q3 beat

Siltronic, a German wafer manufacturer, recently reported a strong third-quarter performance that exceeded expectations, leading to an upward revision of its full-year guidance for 2026. The company's sales surged by 18.3% year-over-year and 10.5% quarter-over-quarter, reaching €355.4 million, surpassing the consensus forecast by 6%.

This growth was primarily fueled by increased wafer volumes across both 300mm and 200mm sizes, as well as favorable fluctuations in foreign exchange rates. EBITDA also outperformed expectations, reaching €81.3 million, 7% above the consensus estimate of €76 million.

Strong wafer demand and improved capacity utilization contributed to a better gross margin of -2.1%, up from -4.5% in the previous quarter. Operating losses narrowed significantly, dropping to €42.4 million from €51.9 million a quarter earlier. Net losses also decreased, falling to €55 million from €63.2 million. In response to the positive outlook, Siltronic raised its full-year sales guidance to a range of €1.347 billion, narrowing from an earlier expectation of a decline in sales figures.

The company projected EBITDA margins to be between 22% and 24%, slightly higher than the market consensus of 20%-24%.

Additionally, Siltronic's net debt improved to €619.9 million, a decrease from €836.5 million in fiscal year 2025, thanks to a capital increase. The equity ratio stood at 44.7%, an increase from 42.6% in the previous fiscal year. The company's net cash flow for the quarter amounted to €57.6 million, a sharp contrast to the negative €27 million recorded in the second quarter. Siltronic maintained its capital expenditure guidance for the year, narrowing the range from €180 million to €200 million.