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AIXTRON (AIXA) investor relations material

AIXTRON Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Q3 2025 revenues reached EUR 120 million, within guidance, but down from EUR 156 million year-over-year; order intake was EUR 124 million and gross margin was 39%.

  • Free cash flow for Q3 was EUR 39 million, totaling EUR 110.3 million for the first nine months of 2025, driven by net result, working capital reduction, and low capex.

  • Inventories reduced to EUR 316 million from EUR 369 million at 2024 year-end, supporting cash position rebuilding.

  • Demand in optoelectronics and GaN power remains strong, while SiC and Power Electronics segments are weak due to soft automotive demand.

  • Guidance for FY 2025 was revised downward due to market softness and FX headwinds, with expected revenues now in the lower half of the initial range.

Financial highlights

  • Q3 2025 revenues: EUR 119.6 million, down 23% YoY; 9M 2025 revenues: EUR 369.5 million, down 9% YoY.

  • Q3 gross profit: EUR 46.4 million (39% margin), down 31% YoY; 9M gross profit: EUR 136.2 million (37% margin), down 15% YoY.

  • Q3 EBIT: EUR 15.4 million (13% margin), down 59% YoY; 9M EBIT: EUR 42.3 million (11% margin), down 30% YoY.

  • 9M net profit: EUR 37.3 million, down 29% YoY; Q3 profit: EUR 13.0 million, down 58%.

  • Cash and equivalents rose to EUR 153.4 million as of September 30, 2025, up EUR 88.8 million from year-end 2024.

Outlook and guidance

  • FY 2025 revenue guidance revised to EUR 530–565 million, the lower half of the initial range.

  • Gross margin guidance now 40–41%, down from 41–42%; EBIT margin expected at 17–19%, down from 18–22%.

  • Annualized savings from personnel reduction expected to improve margins by about 1 percentage point.

  • 2026 revenues expected to be flat or slightly below 2025, with EBIT margin stable or potentially better.

  • No major demand recovery expected in 2025; visibility for 2026 remains low.

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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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