AIXTRON Reports Preliminary Q2/2024 Results with Strong Order Intake

AIXTRON SE has reported its preliminary results for the second quarter of 2024. The order intake stood at approximately EUR 176 million, highlighting strong demand, particularly in the Silicon Carbide (SiC) and Gallium Nitride (GaN) power segments. SiC power accounted for around 58% of these orders, while GaN power represented about 29%.

Preliminary revenues for the quarter were around EUR 132 million, which is in the upper half of the guided range of EUR 120-140 million. The operating result (EBIT) was approximately EUR 13 million, translating to an EBIT margin of about 10%.

Given current market developments, AIXTRON has adjusted its guidance for 2024. The company now expects revenues between EUR 620 million and EUR 660 million, with a gross margin of 43% to 45% and an EBIT margin of 22% to 25%.

Dr. Felix Grawert, CEO and President of AIXTRON SE, indicated continued momentum in the electronics industry and expects strong orders in the coming quarters.