Belgium's X-Fab Q3 revenue misses expectations
Overview
Belgium-based specialty foundry's Q3 revenue fell 15% yr/yr, missing analyst expectations
Q3 EBITDA dropped 30% yr/yr to $37.5 mln
Company bookings rose 38% yr/yr to highest level in two years
Outlook
X-Fab expects Q4 2026 revenue between $205 mln and $215 mln
Company sees Q4 2026 EBITDA margin in the range of 19-22%
Guidance assumes average USD/EUR exchange rate of 1.14 and excludes IFRS 15 impact
Result Drivers
SILICON CARBIDE DEMAND - Co said industrial segment growth was mainly driven by increased silicon carbide revenue
WIDE BANDGAP GROWTH - Co said wide bandgap revenue, mainly from SiC, reached a record high and customer traction continued to grow
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $194.4 mln | $209.17 mln (3 Analysts) |
Q3 EBIT | $4.3 mln | ||
Q3 EBITDA | $37.5 mln | ||
Q3 EBITDA Margin | 19.3% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for X-Fab Silicon Foundries Europese Vennootschap is €6.00, about 10% above its October 28 closing price of €5.46
The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 36 three months ago
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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.)