Germany's Siltronic Q3 revenue beats estimates; raises guidance

Overview

• Germany wafer maker's Q3 revenue rose 10.5% qtr/qtr, beating analyst expectations

• Q3 EBITDA slightly beat analyst expectations, margin improved to 22.9%

• Company raised 2026 sales guidance, now expects sales in line with prior year

Outlook

• Siltronic now expects 2026 sales to be in the range of the previous year

• Company expects 2026 EBITDA margin between 22% and 24%

• Company forecasts 2026 capital expenditure of EUR 180 mln to EUR 200 mln

Result Drivers

• HIGHER WAFER VOLUMES - Q3 sales growth driven by increased wafer area sold, especially 300 mm and 200 mm wafers

• FAVORABLE FX - Positive exchange rate developments contributed to improved sales and outlook, per CEO

• COST REDUCTION - Cost reduction measures helped lower cost of sales per wafer area

Company press release:

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Siltronic AG is €93.50, about 57.1% above its November 3 closing price of €59.50

Reuters Recommended Reads

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• Nov 3 - Bosch to spin off semiconductor division in January 2028

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)