Elmos Semiconductor SE (ELG.DE) on Tuesday raised fiscal 2026 outlook, after reporting higher first-quarter profit and revenues, citing higher demand mainly in the automotive semiconductor market.
For the first quarter, the semiconductor manufacturer's consolidated net income rose 41.2 percent to 26.2 million euros from 18.5 million euros last year.
Basic earnings per share increased 40.7% to 1.52 euros from 1.08 euros a year before.
EBIT grew by 41.3 percent to 36.2 million euros from 25.6 million euros in the previous year. EBIT margin improved to 23.8% from 20.2% a year ago.
Quarterly sales came in at 152.5 million euros, up 20.2 percent from 126.9 million euros a year earlier.
Looking ahead, CEO Arne Schneider stated that analog mixed-semiconductor market will offer "significant growth opportunities" driven by intelligent electronics in vehicles.
For the rest of 2026, Elmos anticipates ongoing volatile geopolitical conditions. The company said it cannot rule out partial capacity constraints for 8-inch wafers and manufacturing service providers due to the AI boom.
For fiscal 2026, the company now expects sales growth of 12 percent, ± 2 percentage points, which was 11 percent, ± 3 percentage points, before.
Operating EBIT margin is now anticipated between 23 percent to 26 percent of sales. The previous forecast was 24 percent, ± 2 percentage points.
On the XETRA, shares of Elmos Semiconductor were gaining 2.61 percent, trading at 189.00 euros.
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