Siltronic Narrows 2026 Sales Forecast After Missing Q2 Estimates

German wafer manufacturer Siltronic AG reported second-quarter financial results that narrowly missed analyst expectations and lowered its full-year sales guidance, citing ongoing profitability pressures from capacity expansion and currency headwinds.

The results reflect a challenging environment for semiconductor suppliers, though the company noted a sequential increase in sales volume.

Second-Quarter Performance

Siltronic's revenue and earnings for the second quarter fell slightly below market consensus. The company attributed a decline in profitability to higher depreciation and increased operating expenses connected to its capacity expansion in Singapore.

Key figures reported for the second quarter include:

• Revenue: €321.60 million, compared to a consensus estimate of €322.34 million.
• EBITDA: €69.40 million, versus an expected €69.80 million.
• EBITDA Margin: 21.60%.
• EBIT Loss: €51.90 million, resulting in a negative margin of 16.10%.

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Despite the year-over-year pressures, sales increased by 4.9% from the first quarter, which the company stated was primarily due to a higher volume of wafer area sold. First-half results were also impacted by a weaker U.S. dollar and the closure of a production line.

Refined Outlook

In light of its performance and market conditions, Siltronic has refined its sales guidance for the full year 2026. The company now anticipates a low to mid-single-digit percentage decline in sales compared to the prior year.

However, Siltronic maintained its full-year profitability forecast, continuing to expect an EBITDA margin between 20% and 24%. Looking ahead, the wafer maker stated it anticipates that demand for 200 mm wafers will recover significantly in the second half of 2026, a key indicator for investors monitoring the semiconductor cycle.