Aixtron’s Q1 order revenue reached 132 million euros, exceeding the same period last year

Recently, German deposition equipment manufacturer Aixtron announced its first quarter 2025 results. During the reporting period, Aixtron's revenue was 112.5 million euros (approximately RMB 926 million), a year-on-year decrease of 5%; gross profit was approximately 34.1 million euros, a year-on-year decrease of 22%, and gross profit margin was 30%; profit before interest and tax (EBIT) was approximately 3.3 million euros, a year-on-year decrease of 67%, and EBIT margin was 3%.

Aixtron stated that despite the sluggish market environment, the company's revenue exceeded the upper limit of its previous revenue forecast of 90 million to 110 million euros.

In terms of equipment terminal application classification, during the reporting period, Aixtron's revenue mainly came from silicon carbide and gallium nitride power applications (accounting for 49% and 21% of revenue respectively), LED applications including Micro LED accounted for 17% of revenue, and optical and communication applications accounted for 10% of revenue.

By region, Aixtron's revenue mainly comes from the Asian market (accounting for 70%), while the European and American markets both account for 15% of the revenue.

Aixtron stated that the company’s power electronic equipment, especially application solutions based on gallium nitride and silicon carbide, continue to receive demand from Asian customers. Against this background, the company’s new orders in the first quarter totaled 132.2 million euros, an increase of approximately 10% compared with the same period last year. As of March 31, 2025, the company's equipment order reserve reached 307.9 million euros. Although it dropped slightly from 2024, it has recovered compared to the end of 2024.

In terms of optical and communication applications, Aixtron's G10-ASP equipment sales in the Micro LED and laser fields continued to grow, and it has been adopted by new customers such as Nokia.

In terms of LED applications, Aixtron's equipment demand is relatively low. But it is worth noting that last year, Aistron said that it had received orders for R&D and pilot production lines from several Micro LED customers, and it is expected to increase the company's L in 2026 and 2027. ED related equipment order volume. Looking forward to 2025, Aixtron expects LED equipment business revenue to decline compared with 2024.

In addition, it is worth noting that in terms of the construction of a new R&D center, at the end of last year, Aixtron’s innovation R&D center in Herzogenrath, Germany, was officially unveiled. The project has a total investment of 100 million euros (approximately RMB 760 million) and is designed for the development of gallium nitride and other compound semiconductor applications to 12-inch wafers. Aixtron revealed that currently, the R&D center has completed the processing and processing of the first 12-inch gallium nitride wafer.

Dr. Felix Grawert, CEO of AIXTRON, said he was satisfied with the company’s business development in the first quarter of 2025. The increase in order volume means that the company's product portfolio remains competitive in the market. The rapid commissioning of the new innovation center further proves the company's execution capabilities and also lays the foundation for the industrial development of large-size wafers in the future.

Looking forward to 2025, Aixtron predicts that the company's annual revenue will reach 530 million to 600 million euros, with a gross profit margin of approximately 41%-42% and an EBIT margin of 18%-22%.