X-FAB Silicon Foundries (XFAB) investor relations material

Executive summary

• Q1 2026 revenue reached $205.8M (excluding IFRS 15 impact), up 2% year-over-year but down 6% sequentially; bookings rose 3% quarter-on-quarter to $169.4M, with a backlog of $308.4M.

• EBIT for Q1 2026 was $2.3M, down 89% year-over-year and 77% sequentially; EBITDA was $34.2M, down 30% year-over-year and 19% sequentially, with an EBITDA margin of 17.5%.

• Automotive segment remained soft, with a 10% year-over-year and 8% sequential revenue decline, but recovery is expected in H2 2026.

• Industrial and medical segments showed strong growth, up 32% and 39% year-over-year, respectively.

• Microsystems and wide-bandgap business saw record growth, with wide-bandgap revenue up 152% year-over-year to $15.1M.

Financial highlights

• Gross profit for Q1 2026 was $30.7M, down 31% year-over-year and 26% sequentially; gross margin at 15.7%.

• Net profit for Q1 2026 was $0.9M, down 92% year-over-year and 47% sequentially.

• Capex for Q1 2026 was $26.0M; FY 2026 projected at approximately $100M.

• Net debt increased to $291.4M, up $6.6M from Q4 2025, reflecting repayment of $26.4M in LTA prepayments.

• Prototyping revenue reached $19.1M, up 19% year-over-year.

Outlook and guidance

• Q2 2026 revenue is guided between $190M and $200M; EBITDA margin expected in the 17–20% range.

• Cost-saving program initiated, including headcount reduction and operational expenditure cuts, with results anticipated by end of 2026.

• Guidance based on USD/EUR exchange rate of 1.15 and excludes IFRS 15 impact.