X-Fab Silicon Foundris Se (XFABF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to XFAB second quarter 2025 results conference call. On today's call we have Rudy De Winter, CEO and Alba Morganti, CFO. Please note this call is being recorded and for the duration of the call your lines will be on listen only. However, you will have the opportunity to ask questions at the end of the call. This can be done by pressing star 1 on your telephone keypad to register your question. And if you require assistance at any point, please press star zero and you will be connected to an operator. I will now hand over to your host, Rudy De Winter, to begin today's conference. Thank you. Thank you very much. Welcome to the XFAP second quarter 2025 results call. In the second quarter, we recorded revenues of $215 million, up 5% year-on-year and up 5% quarter-on-quarter. Excluding the FRS-15 impact, the quarterly revenue was $218 million, which is well above the guidance of $200 to $210 million. The second quarter revenue in our core markets, automotive, industrial, medical, was $206 million, up 8% year-on-year and up 9% quarter-on-quarter. This is the highest quarter in the last six quarters and is now growing for two quarters in a row. 225 is progressing more favorably than initially anticipated, and we upgraded our full-year revenue guidance to $840 to $870 million. The order intake has increased for two consecutive quarters now. Our business is no longer constrained by capacity, and factory cycle times have shortened significantly. And customers place orders later than usual and more frequently and at short notice, resulting in a reduced visibility. The shorter ordering behavior is also a result of the geopolitic uncertainties where everybody is more careful. All in all, the backlog in the second quarter increased by 26 million to 413 million. N...