Q2 2024 X Fab Silicon Foundries EV Earnings Call Transcript

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Jul 25, 2024

Jul 25, 2024 / 04:30PM GMT
Operator

Welcome to the X-FAB Q2 2024 results conference call. My name is Ellen, and I will be your coordinator for today's event. Please note, this call is being recorded. (Operator Instructions)

I will now hand you over to your host, Rudi De Winter, CEO, to begin today's conference. Thank you.

Rudi De Winter - X Fab Silicon Foundries EV - Chief Executive Officer, Managing Director, Director

Thank you. Welcome, everyone. Today, in the conference call, we also have Alba Morganti, CFO.

In the first quarter of 2024-- sorry, in the second quarter of 2024, the revenues were $205 million, down 9% year on year and 4% quarter on quarter, which is in line with the guidance of $200 million to $210 million. Revenues in the core markets, automotive, industrial, medical accounted $190 million, down 4% year on year, representing, though, an all-time record high with respect to the share of total revenues in the portfolio.

The second quarter was marked by a combination of developments on the one-hand demand for 200-millimeter CMOS technologies remain high

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