Siltronic Q2 Loss Triggers Stock Rally and Analyst Upgrades
Siltronic AG posted a second‑quarter loss of €63.2 million after tax, with revenue slipping to €321.6 million and EBITDA falling to €69.4 million, a margin of 21.6 %. Analysts had expected revenue of €316 million, EBITDA of €66 million and an EBIT loss of €64 million. Despite the miss, the share price jumped more than 8 % to €73.45 after the results were released.
Jefferies reaffirmed its Buy rating on Siltronic and kept a target price of €100. MWB Research raised its target from €70 to €85 and upgraded the rating to Buy. Both analysts cited improving sales of 200‑mm wafers and continued strong demand for 300‑mm wafers, noting that the new plant in Singapore is boosting capacity utilization.
Entities: Abed Jarad · Constantin Hesse · Jefferies · Siltronic AG · Singapore
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Analysts had expected revenue of €316 million, EBITDA of €66 million and an EBIT loss of €64 million. (Analyst forecasts)
- [○ 1 SOURCE] Q2 EBITDA was €69.4 million, giving a margin of 21.6 %. (Siltronic Q2 results)
- [● 2 SOURCES] Siltronic’s share price rose more than 8 % to €73.45 after the results. (Market reaction)
- [● 2 SOURCES] Jefferies kept a Buy recommendation and a target price of €100. (Jefferies analyst)
- [● 2 SOURCES] Demand for 200‑mm wafers is recovering while 300‑mm wafer demand remains strong; a new plant in Singapore is improving capacity utilization. (Company outlook)
- [● 2 SOURCES] MWB Research raised its target price from €70 to €85 and upgraded the rating to Buy. (MWB Research analyst)
- [○ 1 SOURCE] Q2 revenue fell to €321.6 million, down from €329 million a year earlier. (Siltronic Q2 results)
- [○ 1 SOURCE] Siltronic reported a Q2 after‑tax loss of €63.2 million. (Siltronic Q2 results)