Investing.com -- Siltronic reported third-quarter results on Wednesday that exceeded expectations and raised its full-year 2026 guidance on Wednesday, driven by stronger wafer demand and favorable foreign exchange rates.
The German wafer manufacturer posted third-quarter sales of €355.4 million, up 18.3% from the same period in 2025 and 10.5% from the second quarter of 2026. The figure topped company consensus of €335 million by 6%. EBITDA reached €81.3 million, beating the €76 million consensus by 7%.
Sales growth came from higher volumes in both 300mm and 200mm wafers, along with favorable currency movements. Price and product mix had minimal impact on the quarter's performance.
The company's gross margin improved to -2.1% from -4.5% in the second quarter of 2026, reflecting higher capacity utilization. Operating loss narrowed to €42.4 million from €51.9 million in the prior quarter. Net loss decreased to €55 million from €63.2 million.
Siltronic raised its full-year sales guidance to a range matching the previous year's €1.347 billion, up from earlier expectations of a low-to-mid-single-digit percentage decline. The new forecast assumes a fourth-quarter exchange rate of EUR/USD 1.14.
The company also lifted its EBITDA margin range to 22%-24% from 20%-24%, implying €296 million to €323 million compared to consensus of €299.7 million. Depreciation expectations were lowered to €480 million-€500 million from €490 million-€520 million.
Net debt improved to €619.9 million from €836.5 million in fiscal 2025, supported by a capital increase. The equity ratio stood at 44.7%, up from 42.6% in the prior fiscal year. Net cash flow for the quarter was €57.6 million, compared to negative €27 million in the second quarter.
Siltronic maintained its capital expenditure guidance of €180 million-€200 million for the year, narrowing from the previous range of €180 million-€220 million.
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