X-FAB Silicon Foundries
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X-FAB Silicon Foundries (XFAB) investor relations material

X-FAB Silicon Foundries Q4 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q4 2025 earnings summary5 Feb, 2026

Executive summary

  • Full year 2025 revenue reached $873 million, up 7% year-over-year and within guidance; Q4 revenue was $222.3 million, up 18% year-on-year but down 3% sequentially.

  • Core business accounted for 94% of total revenue, growing 7% year-over-year to $814 million.

  • Industrial and medical segments showed strong growth, while automotive was soft due to inventory corrections and end of major LTAs.

  • Major capacity expansion completed in Malaysia; operational improvements led to higher yields and shorter cycle times.

  • Leadership transition: Damien Macq succeeds Rudi De Winter as CEO effective February 6, 2026.

Financial highlights

  • Q4 EBITDA was $42.3 million with a margin of 19%; excluding one-off SiC-related items, margin would have been 23.6%.

  • Cash and cash equivalents at year-end were $194.3 million, up $20.1 million sequentially; net debt decreased by $4.5 million.

  • CapEx for 2025 was $204.1 million, below initial projection; 2026 CapEx projected at $100 million.

  • Q4 order intake was $164 million, understating demand due to shorter cycles, higher yields, and last-time buys.

  • Q4 net income was $1.7 million; full-year net income was $30.1 million, down from $61.5 million in 2024.

Outlook and guidance

  • Q1 2026 revenue expected between $190 million-$200 million, with EBITDA margin of 18%-21%.

  • No full-year 2026 guidance due to limited visibility and macroeconomic uncertainty.

  • Cost-efficiency measures, including headcount reduction, to yield $6 million in quarterly savings by Q4 2026.

  • Short-term visibility remains limited, especially in automotive, due to inventory adjustments and geopolitical risks.

  • Long-term growth expected from operational improvements, new design wins, and alignment with mega trends in electrification and healthcare.

Detail the SiC one-off impact on Q4 EBITDA
2026 Capex allocation for strategic transitions
Why Q4 order intake understated actual demand
How to reach 30% EBITDA margin target
Mitigate 300mm footprint risk for China customers
Leverage new capacity and tech for sales growth
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Frequently asked questions

X-FAB Silicon Foundries SE is a specialty foundry group that manufactures analog and mixed-signal integrated circuits. The company's expertise includes micro-electro-mechanical systems (MEMS) and high-voltage applications, catering primarily to the automotive, industrial, and medical sectors. X-FAB operates multiple wafer plants worldwide, including locations in Germany, France, Malaysia, and the United States, where it produces semiconductors ranging from CMOS to BiCMOS technologies. It is headquartered in Erfurt, Germany, and its shares are listed on the Paris Stock Exchange.

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