---
title: "Siltronic AG interim report January–June 2026 global; Net loss for H1 2026 at -130.0m"
sdDatePublished: "2026-07-30T13:17:00Z"
source: "https://www.siltronic.com/fileadmin/investorrelations/2026/Q2/20260730_Siltronic_Half_Year_Financial_Report_2026.pdf"
topics:
  - name: "corporate earnings"
    identifier: "medtop:20000178"
  - name: "semiconductor and electronic component"
    identifier: "medtop:20000230"
  - name: "stock activity"
    identifier: "medtop:20000186"
locations:
  - "Germany"
  - "Munich"
  - "Singapore"
  - "United States"
---


Siltronic AG interim report January–June 2026 global; Net loss for H1 2026 at -130.0m

20260730_Siltronic Half Year Financial Report 2026

Quarterly overview
In EUR million
Q2 2026¹
Q1 2026¹
Q2 2025¹
H1 2026
H1 2025
Statement of profit or loss
Sales
321.6
306.5
329.1
628.1
674.8
Gross profit
–14.4
–26.2
60.2
–40.5
115.0
Gross margin
%
–4.5
–8.5
18.3
–6.4
17.0
EBITDA
69.4
65.1
86.4
134.5
164.6
EBITDA margin
%
21.6
21.2
26.3
21.4
24.4
EBIT
–51.9
–52.4
23.7
–104.3
38.5
EBIT margin
%
–16.1
–17.1
7.2
–16.6
5.7
Financial result
–9.4
–11.8
–9.3
–21.2
–16.7
Income taxes
–1.9
–2.6
0.2
–4.5
–3.0
Result for the period
–63.2
–66.8
14.6
–130.0
18.8
Earnings per share
EUR
–1.71
–1.92
0.38
–3.64
0.46
Capital expenditure and net cash flow
Capital expenditure including and
intangible assets
38.5
47.6
125.5
86.0
222.0
Net cash flow
–27.0
–89.5
–83.4
–116.5
–157.0
1 Quarterly figures are unaudited

In EUR million
June 30, 2026
Dec. 31, 2025
Statement of financial position
Total assets
4,858.7
4,760.9
Equity
2,205.7
2,028.3
Equity ratio
%
45.4
42.6
Net financial debt
691.9
836.5

Employees

June 30, 2026
December 31, 2025
Number, excluding temporary employees
4,210
4,249

Company profile
As one of the world’s leading providers of high-tech wafer solutions, Siltronic is globally oriented and operates production facilities in Asia,
Europe and the US. Wafers are the foundation of the semiconductor industry and the basis for chips in all applications of digital life – from
servers and computers to smartphones, electric cars and wind turbines. Operating internationally and highly customer-oriented, the
company consistently focuses on quality, technology, innovative strength, and operational excellence.
Contents
Management Report on Interim Consolidated Financial
Statements .................................................................................. 4
Group basics ..................................................................................... 4
Macroeconomic situation and industry trends ................................ 4
Overall statement by the Executive Board on business
performance and economic position ............................................... 5
Siltronic on the stock exchange ........................................................ 6
Economic development from January to June 2026 ........................ 8
Risk and opportunity change report ............................................... 14
Forecast update ............................................................................. 15
Condensed Interim Financial Statements .................................. 18
Consolidated statement of profit or loss ........................................ 18
Consolidated statement of comprehensive income ....................... 19
Consolidated statement of financial position ................................. 20
Consolidated statement of cash flows ........................................... 21
Consolidated statement of changes in equity ................................ 22
Condensed consolidated notes ...................................................... 23
Further Information ................................................................... 29
Responsibility statement ................................................................ 29
Review Report ................................................................................ 30
Financial Calendar, Contact and Imprint ........................................ 31

Siltronic Interim report January – June 2026
4
Management Report on Interim
Consolidated Financial Statements
Group basics
The Annual Report 2025 provides a detailed overview of the
business activities, objectives and strategy of Siltronic AG. The
statements made therein are still valid. There were no significant
changes in H1 2026.
The development of the key financial performance indicators in
H1 2026 is shown in the table below. The exact definition of all key
performance indicators can be found in the Annual Report 2025 on
page 21.
Financial key performance indicators
In EUR million
H1 2026
H1 2025
FY 2025
EBITDA margin in %
21.4
24.4
23.5
Net cash flow
–116.5
–157.0
–85.3
Sales
628.1
674.8
1,346.7
EBIT
–104.3
38.5
–26.4
Capital expenditure
86.0
222.0
369.1
Net financial debt, as of reporting date
691.9
902.8
836.5

Macroeconomic situation and industry trends
According to the International Monetary Fund (IMF), global gross
domestic product (GDP) growth in 2025 was 3.4 percent. For 2026,
the IMF projected a decline to 3.1 percent. As a result, the original
IMF forecast from January 2026 was reduced by 0.2 percentage
points. This revision is primarily driven by the conflict in the Middle
East.
Global inflation is expected to increase again from 4.1 percent in
2025 to 4.4 percent in 2026, according to the IMF. The increase
compared with the forecast from October 2025 reflects expected
price increases for energy and food.
According to the OECD, GDP in the eurozone decreased by
0.1 percent in Q1 2026 compared to Q4 2025. In this context as well,
the conflict in the Middle East, and particularly the pronounced
decline in oil exports from the Gulf states had a negative impact on
the economy.
The euro appreciated against the US dollar in H1 2026 compared
with H1 2025. In the quarter-over-quarter comparison (Q2 2026
versus Q1 2026), the euro remained virtually stable against the
US dollar.
According to the industry association SEMI, global silicon wafer
shipments increased by 13.1 percent in Q1 2026 compared to Q1
2025. At the time of reporting, data for Q2 had not yet been
published. We expect shipment volumes in Q2 to exceed those of
the previous quarter.
Sources:
IMF World Economic Outlook Update April 2026
OECD Data as of July 3, 2026
SEMI SMG Press Release April 29, 2026
ECB Macroeconomic Projections June 2026

Siltronic Interim report January – June 2026
5
Overall statement by the Executive Board on
business performance and economic position
The development of wafer end markets showed a mixed picture
in H1 2026. Artificial Intelligence remains the key structural
growth driver of the semiconductor industry. Particularly strong
momentum continues to be seen in the server and data center
infrastructure business. Increasingly, the effects of this trend are
also becoming visible in the industrial end market, especially in
connection with the expansion of energy infrastructure for data
centers. At the same time, limited memory chip capacity
continues to be allocated preferentially to AI applications. This is
weighing on the smartphone and PC end markets, which are
declining year over year. Overall, we continue to expect wafer
area sold to grow by around 7 percent across all end markets in
2026 (before inventory effects).
Inventory levels at semiconductor manufacturers also continue
to show differing dynamics. While overall inventories, including
finished and work-in-progress products, have largely normalized
at logic device manufacturers, inventories at memory
manufacturers had initially returned to normal levels as well.
However, sustained strong demand for memory chips now points
to a moderate rebuild of wafer inventories as a precautionary
reserve. Among power semiconductor manufacturers, initial
signs of improvement are emerging. Nevertheless, inventory
levels remain elevated.
These market developments are also reflected in customer
demand. Loading of production capacities for 300 mm wafers
remains at a high level, and in certain cases we have been able to
secure
improved
sales
prices
outside
existing
long term agreements (LTAs).
After a weak H1 2026, demand for 200 mm wafers is showing
signs of recovery amid more stable sales prices. The resulting
effect on sales and earnings in 2026 will remain limited, however,
as the recovery begins at a low price level and product mix effects
continue to move in the opposite direction.
Overall, business performance in H1 2026 was in line with our
expectations. Group sales amounted to EUR 628.1 million, down
from EUR 674.8 million in the previous year period. The year-
over-year decline mainly reflects the significantly weaker US
dollar and the absence of sales from SD (Small Diameter)
production following its closure in mid-2025. On a comparable
basis, excluding these factors, operating sales were slightly higher
than in the previous year period.
EBITDA amounted to EUR 134.5 million in H1 2026, resulting in
an EBITDA margin of 21.4 percent, compared with 24.4 percent
in H1 2025.
We continue to be very satisfied with the ramp of our additional
production capacities in Singapore. The new fab in Singapore
already contributes significantly to our 300 mm volume growth.
As utilization of the site's production capacities increases, fixed-
cost absorption continues to improve. Particularly encouraging is
the high share of epitaxial and Leading Edge products, which are
primarily required for the production of logic devices. This
confirms our strategic focus on technologically demanding
applications in structurally growing end markets.
To support our long-term growth and further strengthen our
balance sheet, we successfully completed a capital increase in
June 2026. The new shares were placed at a price of EUR 91 per
share, generating gross proceeds of EUR 273 million. The
transaction was significantly oversubscribed and provides us with
increased financial flexibility while enabling us to capitalize on
attractive market opportunities. In addition, Siltronic was
readmitted to the MDAX on June 22, 2026, and continues to be
included in the TecDAX.
Overall, we confirm our guidance for financial year 2026 and are
slightly raising our sales guidance. This is primarily driven by
continued robust demand for 300 mm wafers. We now expect
sales to be in the low to mid-single-digit percent range below the
previous year's level. Adjusted for FX effects and the decline in
sales resulting from the cessation of SD activities, we expect sales
for financial year 2026 to be at or slightly above the previous
year's level.
We continue to closely monitor geopolitical developments. At
this stage, we do not see any direct material effects on our
business. However, we are facing moderate additional cost
pressures, mainly driven by energy and logistics expenses.
Looking beyond the current year, we remain a positive view on
the medium- to long-term prospects for the semiconductor and
wafer industry. Megatrends such as Artificial Intelligence,
Digitalization and Electromobility are driving sustainable growth
in demand for semiconductors and, consequently, wafers. At the
same time, they are increasing silicon consumption per end
application. Against the backdrop of the expected market
development and the already high loading of production
capacities for 300 mm wafers, we are seeing growing customer
interest in securing medium- and long-term volumes. Although
improved spot prices are now being achieved selectively outside
existing long term agreements following the significant price
declines of recent years, these prices have not yet reached a level
that would justify more extensive investments in production
capacity. This applies in particular to further expansion steps in
Singapore. Consequently, we remain selective when entering
into new agreements and continue to focus on appropriate
commercial terms. In addition, the capacity expansions
announced or already initiated by numerous chip manufacturers
support our positive view of the wafer industry's medium- and
long-term growth prospects.

Siltronic Interim Report January – June 2026
6
Siltronic on the stock exchange
The Siltronic share started the financial year 2026 at EUR 51.00 and
initially declined in the following weeks. On February 12, 2026,
Siltronic published its guidance for fina