X-FAB Silicon Foundries (XFAB) Q3 2025 earnings summary

Executive summary

• Q3 2025 revenue reached $229 million, up 12% year-over-year and 6% quarter-on-quarter, exceeding guidance; core markets (automotive, industrial, medical) contributed 94% of total revenue.

• EBITDA for Q3 was $53.9 million (23.6% margin), up 7% year-over-year and 4% sequentially; EBIT was $23.8 million, down 5% year-over-year but up 10% sequentially.

• Net profit for Q3 2025 was $16.6 million, a 36% decrease year-over-year; EPS was $0.13.

• Bookings for Q3 2025 were $163 million with a book-to-bill ratio of 0.71; backlog stood at $347 million.

• CEO transition announced: Damien Macq to succeed Rudi De Winter in February 2026.

Financial highlights

• Gross profit in Q3 2025 was $48.3 million (21.1% margin), down from 24.8% year-over-year.

• Cash and cash equivalents at quarter-end were $174.2 million, up $16.5 million from Q2; net debt decreased by $21.1 million.

• Capital expenditures for Q3 were $23.5 million; YTD capex reached $179 million; full-year capex expected below $250 million.

• Net financial result was -$5.6 million, mainly due to interest expenses.

• Headcount averaged 4,278 in Q3 2025, down 2% year-over-year.

Outlook and guidance

• Q4 2025 revenue expected between $215 million and $225 million; EBITDA margin guidance 22.5%-25.5%.

• Full-year 2025 revenue expected in the range of $863 million-$873 million.

• Visibility remains limited due to macroeconomic and geopolitical uncertainties and cautious customer ordering.