Siltronic upgrades annual revenue guidance on higher wafer area sales
Siltronic's Revised Financial Outlook and Market Performance
Annual Sales Guidance Update
July 30 (Reuters) - German semiconductor materials supplier Siltronic on Thursday slightly upgraded its annual sales guidance, driven by an expected increase in wafer area sales.
2026 Revenue Expectations
The company now expects 2026 revenue to fall by a low-to mid-single-digit percentage range below the previous year, having previously forecast sales to decline in the mid-single-digit range.
Business Performance and Industry Trends
CEO Commentary on Business Development
"During H1, our business developed in line with our expectations. We are encouraged by the continued strong demand for 300 mm wafers," CEO Michael Heckmeier said in a statement.
Positioning for Long-Term Growth
Heckmeier added the German firm is well positioned to benefit from long-term growth trends in the semiconductor industry, particularly those driven by artificial intelligence.
Quarterly Sales and Analyst Estimates
Siltronic, which makes silicon wafers used in semiconductor chips, posted sales of 321.6 million euros ($368.30 million) for the second quarter, compared with analysts' average estimate of 322.3 million euros, according to LSEG data.
Currency Exchange Rate
($1 = 0.8732 euros)
Reporting Credits
(Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)