AIXTRON falls short of expectations, with declining sales

AIXTRON shares plunge as revenue misses estimates

German semiconductor equipment manufacturer AIXTRON reported weaker-than-expected third-quarter results on Tuesday, sending its shares down sharply in early trading.

Key financial figures:

• Revenue: €76.8 million, down 11.4% year-over-year and below analysts' estimates of €80.5 million.
• Net loss: €13.2 million, compared with a net income of €4.5 million in the same period last year.
• Adjusted EBITDA: €2.2 million, down 77.3% year-over-year.

AIXTRON cited lower demand for its deposition systems from the automotive and consumer electronics sectors as the main reasons for the disappointing results.

Challenges and outlook:

The company also acknowledged the ongoing challenges posed by the global chip shortage and supply chain disruptions.

Looking ahead, AIXTRON said it expects the market environment to remain challenging in the fourth quarter, with no significant improvement in sight for the automotive and consumer electronics markets.

Share price reaction:

Shares of AIXTRON plummeted by over 20% in early trading on Tuesday, reflecting investor concerns about the company's near-term prospects.