Belgium's X-Fab Q3 revenue misses expectations

By Reuters News


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


Reuters Recommended Reads

  • Oct 27 - Hong Kong's ASMPT Q3 revenue rises 49% on AI demand

  • Oct 28 - Taiwan's UMC Q3 revenue rises on wafer shipments growth

  • Oct 29 - STMicro lifts data centre revenue forecast after Q3 profit beat


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.