Aixtron, the German supplier to the semiconductor industry, has announced a significant surge in net profit and revenue in the third quarter, fueled by a sharp rise in demand for power electronics. The company’s net profit for Q3 more than doubled compared to the previous year, reaching €39.6 million ($41.8 million).
During the same period, Aixtron experienced a substantial increase in revenue, with a growth rate of 86% year-on-year, totaling €165 million. The revenue from gallium-nitride and silicon-carbide systems amounted to €116 million.
In terms of earnings, Aixtron achieved an impressive performance, nearly tripling its earnings before interest and taxes to €45.3 million from €16.2 million. However, the company did see a 17% decline in order intake compared to the prior-year period, which amounted to €118.5 million.
Despite this, Aixtron remains optimistic about its full-year outlook and expects a higher order intake in the fourth quarter, primarily due to the strong demand for power electronics. The company predicts that its newly launched G10-GaN power electronics system will contribute to generating over half of its total gallium-nitride revenue by 2024.
To support future growth and innovation, Aixtron has announced plans to invest up to €100 million in its research and development capacities.