Q3 2024 Aixtron SE Earnings Call Transcript
Key Points
- Aixtron SE (AIXXF) reported a robust Q3 2024 with solid orders amounting to EUR144 million and revenues of EUR156 million.
- The company achieved a gross margin of 43%, showing strong improvement due to a better product mix.
- Aixtron SE (AIXXF) has a high equipment order backlog of EUR384 million, indicating strong future demand.
- The company has made significant technical progress in silicon carbide and gallium nitride technologies, strengthening its market position.
- Aixtron SE (AIXXF) is well-prepared for the transition to 300-millimeter wafer technology, which is expected to drive future growth in AI and other large volume applications.
- Aixtron SE (AIXXF) ended Q3 2024 in the lower half of its guided revenue range due to a customer pushing a large project delivery to Q4.
- The company anticipates flat or slightly lower revenue for fiscal 2025 compared to 2024, indicating potential market challenges.
- Gross margin for the first nine months of 2024 was down 4 percentage points year-over-year, primarily due to a less favorable product mix.
- Operating expenses increased to EUR30 million in Q3, driven by higher R&D spending.
- The global silicon carbide market has built more capacity than demand, posing a challenge for future growth.
Good afternoon, ladies and gentlemen, and welcome to the conference call regarding the 9 months 2024 results of AIXTRON SE. (Operator Instructions) Let me now turn the floor over to your host, Christian Ludwig.
Thank you, Mark. A warm welcome to AIXTRON's Q3 2024 Results Call. My name is Christian Ludwig. I am the Head of Investor Relations at AIXTRON. With me in the room today are our CEO, Dr. Felix Grawert; and our CFO, Dr. Christian Danninger, who will guide you through today's presentation and then take your questions.
This call is being recorded by AIXTRON and is considered copyright material. As such, it cannot be recorded or rebroadcast without permission. Your participation in this call implies your consent to this recording. Please also take note of the disclaimer that you find on Page 2 of the presentation document as it applies throughout the conference call. This call is not being immediately presented via webcast or any other medium. However, we will place a transcript on our website at some point
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