Business
VAT Media Release on Half-year 2026 Results
VAT Media Release on Half-year 2026
About this update from Vat Group Ag
VAT Group AG / Key word(s): Half Year Results/Quarterly / Interim Statement VAT Media Release on Half-year 2026 Results 22-Jul-2026 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.“Ad hoc announcement pursuant to Art. 53 LR”Record Q2 order intake of CHF 500 million as data center investment drives advanced chip fab build-outSemiconductor supply and demand imbalances in leading-edge drive semiconductor fab investments; record order intake in Q2Sales up 32% sequentially; book-to-bill ratio at 1.7x; good visibility for the rest of 2026Capacity ramp continues; over 700 employees (FTEs) added; supply chain successfully expandedEBITDA margin of 29% despite significant ramp costs; operating leverage expected to fully materialize in H2 2026Outlook for 2026 confirmed; quarterly factory output expected above CHF 450 million run rate by year-endQ2 2026 resultsRecord order intake of CHF 500 million, up 40% sequentially and 102% year on year (up 39% and 111% respectively at constant FX); driven mainly by semiconductor investment Semiconductor orders up 121 million (45% sequentially and 134% year on year) Sales of CHF 291 million up 32% quarter on quarter and up 3% year on year (31% and 8% at constant FX) Record order backlog of CHF 648 million, up 121% year on yearH1 2026 resultsOrders of CHF 856 million, up 75% year-on-year (91% at constant FX) H1 EBITDA margin of 29.0% slightly lower year on year as ramp costs temporarily weigh on margin Solid free cash flow of CHF 42 million, down 18% year on year amid the capacity ramp 60 spec wins (61 in H1 2025), 80% in Semiconductors and Global Service incl. 25% in AdjacenciesOutlook for H2 2026Semiconductors: Leading-edge fab build-out is expected to continue, with WFE estimates around USD 145 billion, up about 23% versus 2025; investment efforts in China remain strong Global Service: High fab utilization to support spares, consumables, and upgrading activity Advanced Industrials: Selective growth is expected in inspection and high-end manufacturing applications; power and research demand remain soft VAT confirms 2026 guidance of higher orders, sales, EBITDA, EBITDA margin, net income, and free cash flow; 2027 sales guidance under review amid expectations for substantial WFE growth Guidance for Q3 2026 VAT expects sales of CHF 355–3...