AIXTRON (AIXA) investor relations material

Executive summary

• Q2 2026 order intake surged 81% year-over-year to EUR 215 million, with H1 2026 order intake up 54% to EUR 386 million, driven by strong optoelectronics demand and multi-tool orders, extending visibility beyond FY 2026.

• Revenues in Q2 2026 were EUR 115.1 million, in line with guidance, while H1 2026 revenues totaled EUR 174.5 million, down 30% year-over-year due to softness in power electronics and Micro LED/LED markets and one-off personnel reduction expenses.

• Free cash flow in H1 2026 reached EUR 162.1 million, up EUR 91 million year-over-year, mainly from higher customer advance payments; cash and equivalents rose to EUR 816.2 million.

• Major system shipments are set to begin in Q3 2026, supporting a production ramp and a raised full-year outlook.

• Construction of a new production facility in Penang, Malaysia, is underway, with groundwork started and first deliveries expected by end of 2027.

Financial highlights

• Q2 2026 gross profit was EUR 47 million (41% margin), EBIT EUR 15 million (13% margin); H1 2026 gross margin was 33% and EBIT margin -4%, both impacted by one-off personnel reduction expenses.

• Net result for H1 2026 was EUR -2.8 million, compared to EUR 24.3 million in H1 2025; Q2 net profit was EUR 19.1 million.

• H1 2026 order backlog was EUR 456.9 million, up 61% year-over-year.

• Cash and cash equivalents as of June 30, 2026, were EUR 816.2 million, up from EUR 224.6 million at year-end 2025, reflecting the convertible bond issuance.

• Equity ratio stood at 61% as of June 30, 2026, down from 88% at year-end 2025 due to increased total assets.

Outlook and guidance

• Full-year 2026 revenue guidance is EUR 560 million ± EUR 30 million, with gross margin around 42% and EBIT margin between 17% and 20%, including one-off personnel reduction expenses.

• Q3 2026 revenue expected at EUR 180 million ± EUR 20 million, with further increases in Q4 output planned.

• Strong optoelectronics order momentum and major system deliveries underpin the outlook, with visibility for sustained growth into 2027.

• Guidance includes one-off expenses related to personnel reduction.

• No significant impact from geopolitical risks currently, but situation is being monitored.