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Investing.com - AIXTRON SE (XETRA:AIXA) on Thursday reported third-quarter 2025 results showing mixed performance, with revenues of €119.6 million landing in the lower half of guidance while free cash flow generation significantly improved.
The semiconductor equipment maker’s shares surged 5.4% as investors focused on the company’s strong cash position despite ongoing market softness.
Third-quarter revenue of €119.6 million fell 23% YoY from €156.3 million, with adjusted EBIT margin declining to 13% from 24% in the same period last year.
The company cited volume shifts from Q3 into Q4 (approximately €8 million) and currency headwinds (approximately €2 million) as factors impacting quarterly performance. For the first nine months of 2025, revenue reached €369.5 million, down 9% from €406.4 million in the same period of 2024.
Despite revenue challenges, AIXTRON generated €43.4 million in operating cash flow during Q3, significantly above the previous year’s €15.4 million. Free cash flow for the first nine months improved dramatically to €110.3 million, compared to negative €58.0 million in the same period last year.
"The demand upturn has not yet materialized in Q3/2025, such that we expect to come out at the lower half of the initial revenue guidance for the full year," said Dr. Felix Grawert, CEO of AIXTRON SE. "But as AI continues to reshape the semiconductor landscape, our platforms are ideally positioned to support this upcoming transformation."
AIXTRON adjusted its full-year 2025 guidance, now expecting revenues between €530 million and €565 million (previously €530-600 million), with a gross margin of 40-41% (previously 41-42%) and an EBIT margin of 17-19% (previously 18-22%).
The company cited currency headwinds as the primary reason for the adjustment, assuming a 1.15 USD/EUR exchange rate for the remainder of 2025.
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