AIXTRON
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AIXTRON (AIXA) investor relations material

AIXTRON Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary26 Feb, 2026

Executive summary

  • 2025 revenue reached EUR 557 million, down 12% year-over-year, with net profit at EUR 85 million, down 20% year-over-year, but operating cash flow and free cash flow improved significantly, ending 2025 with EUR 225 million in cash.

  • Delivered at the upper end of adjusted 2025 revenue guidance despite a soft market, with strong Q4 performance and a 31% EBIT margin.

  • Q4 2025 showed a 37% quarter-over-quarter rebound in order intake and improved gross margin to 46%.

  • Stable dividend of EUR 0.15 per share proposed despite lower net profit.

Financial highlights

  • FY 2025 revenues: EUR 556.6 million (-12% YoY); gross profit: EUR 222.4 million (-15% YoY); EBIT: EUR 100.3 million (-24% YoY); net profit: EUR 85.3 million (-20% YoY).

  • Q4 2025 revenues: EUR 187.1 million (-18% YoY); gross margin: 46%; EBIT margin: 31%.

  • Operating cash flow for FY 2025: EUR 208.4 million; free cash flow: EUR 181.9 million.

  • Order intake for 2025 was EUR 544 million, backlog at EUR 258 million, down 11% year-over-year.

  • Inventory reduced by EUR 85 million to EUR 284 million; receivables decreased, generating EUR 60 million in cash.

Outlook and guidance

  • 2026 revenue expected at EUR 520 million ±EUR 30 million, gross margin 41%-42%, EBIT margin 16%-19%, including mid-single-digit million euro restructuring expenses.

  • Q1 2026 revenue guidance at EUR 65 million ±EUR 10 million, reflecting seasonal weakness.

  • AI-driven demand to fuel optoelectronics and lasers; GaN power to see moderate growth; SiC segment to remain weak due to overcapacity and EV slowdown.

  • LED/micro LED and GaN power demand expected to remain stable.

AI's impact on Optoelectronics demand
What is AIXTRON's 300mm GaN wafer strategy?
What is the biggest challenge for Micro LED HVM?
Opto growth beyond 2026: What drives it?
GaN 800V AI data center ramp trigger
SiC superjunction: Impact on tool demand?
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Frequently asked questions

AIXTRON SE is a provider of deposition equipment used in the semiconductor industry. The company specializes in the development and production of systems for the deposition of complex materials, such as compound semiconductors, which are used in a variety of high-tech applications. These applications include optoelectronics, power electronics, and communications technologies, as well as emerging fields such as energy-efficient lighting and display technologies. The company is headquartered in Herzogenrath, Germany, and its shares are listed on the FSE (Frankfurt Stock Exchange).

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