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Siltronic (WAF) investor relations material

Siltronic Q4 2025 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 TU earnings summary3 Feb, 2026

Executive summary

  • Sales declined 4.7% year-over-year to €1,347 million, in line with guidance, with Q4 showing a strong sequential recovery due to delivery shifts and early 2026 demand.

  • EBITDA margin decreased to 23.5% from 25.8% in FY 2024, reflecting lower sales and pricing pressure, partially offset by cost reductions.

  • EBIT turned negative at -€26 million, impacted by new asset depreciation and adverse product mix.

  • Positive wafer volume growth, especially in 300 mm products, was offset by negative price, product mix, and FX effects.

  • Q4 2025 saw strong sales and EBITDA due to delivery shifts from Q3 and early 2026.

Financial highlights

  • Revenue for FY 2025 was €1,347 million, down from €1,413 million in FY 2024.

  • EBITDA was €317 million, a 13% decrease year-over-year, with margin at 23.5%.

  • EBIT margin dropped to -2.0% from 8.9% in the prior year.

  • Net cash flow improved to -€85 million from -€297 million in FY 2024, driven by lower capex and investment grants.

  • Net financial debt increased to €837 million from €733 million year-over-year.

Outlook and guidance

  • FY 2025 results were in line with guidance, supported by a strong Q4 performance.

  • 2026 expected to remain challenging with price pressure outside LTAs and negative FX effects.

  • 300 mm segment shows growth, but 200 mm segment faces continued inventory pressure.

  • Full impact of SD line closure to be reflected in 2026 sales.

  • 2026 guidance will be published after further assessment of headwinds.

SD line closure's sales impact in 2025?
Impact of 2026 delivery shifts on H1 performance?
What was the 2025 EBIT impact of Singapore fab depreciation?
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Frequently asked questions

Siltronic AG is a Germany-based company specializing in the production of ultrapure silicon wafers used in semiconductor manufacturing. The company's wafers serve as a critical substrate for integrated circuits and other microelectronic devices, enabling applications in consumer electronics, automotive systems, industrial automation, and renewable energy. Siltronic offers a wide range of wafer sizes and technologies, focusing on high quality and precision to meet the needs of advanced semiconductor applications. The company is headquartered in Munich, Germany, and its shares are listed on the Frankfurt Stock Exchange.

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