Siltronic releases its guidance for financial year 2026

Press release
Siltronic AG
Einsteinstraße 172
81677 Munich
www.siltronic.com

Siltronic releases its guidance for financial year 2026

• Group sales expected to be in the mid-single-digit percent range below the previous year at an assumed exchange rate of EUR/USD 1.18
  (2025 preliminary: EUR 1,347 million)
• EBITDA margin projected within the range of 20 to 24 percent
• Headwinds from unfavorable exchange rates, declining 200 mm business, continued price pressure outside long-term agreements, and the SD line closure^[1]

Munich, Germany, February 12, 2026 - Siltronic AG (SDAX/TecDAX: WAF) has just released its guidance for financial year 2026 via an ad hoc announcement.

The Executive Board continues to expect a challenging market landscape in 2026, characterized by negative exchange rate effects as well as ongoing price pressure outside existing long-term agreements. While the end markets for 300 mm wafers are growing, Siltronic expects a decline in 200 mm wafers this year due to stronger inventory reduction by customers in the power segment. In addition, the closure of the SD line will affect the full financial year for the first time. In this context, the Executive Board expects sales to be in the mid-single-digit percent range below the previous year (2025 preliminary: EUR 1,347 million), with a subdued start into the year. The guidance is based on an exchange rate of EUR/USD 1.18 (previous year: EUR/USD 1.13). On a comparable basis – i.e., excluding exchange rate effects and the SD line closure – sales are expected to be roughly in line with the previous year.

“2026 will still be a challenging year, even though AI‑driven end markets are clearly supporting our 300 mm volume. However, the positive developments in the memory segment have not yet fully reached the wafer industry:

Many of our customers are currently benefiting from high prices while simultaneously being capacity‑constrained – and these bottlenecks are also slowing growth in individual end markets such as smartphones and PCs,” explains Dr. Michael Heckmeier, CEO of Siltronic AG.

The EBITDA margin is expected to be in a range of 20 to 24 percent (2025 preliminary: 23.5 percent).

As previously communicated, depreciation will increase significantly in 2026 due to investments in the 300 mm business. The Executive Board anticipates a range between EUR 490 and 520 million. As a result, operating profit (EBIT) will be significantly below the previous year (2025 preliminary: EUR -26 million).

Capex will again be substantially reduced and is expected to be between EUR 180 and 220 million (2025 preliminary: EUR 369 million). Since payments for capital expenditure will noticeably exceed this level, net cash flow is expected to be in the range of the previous year (2025 preliminary: EUR -85 million).

The full and audited Annual Report 2025 will be published on March 12, 2026.

^[1] End of the production of epitaxial and polished wafers with a diameter of up to 150 mm in Burghausen.
 

Contact:

Stephanie Malgara
Senior Manager Investor Relations
Tel.: +49 (0)89 8564 3216
Email: investor.relations@siltronic.com

 
Company profile:

As one of the leading wafer manufacturers, Siltronic is globally oriented and operates production sites in Asia, Europe, and the USA. Silicon wafers are the foundation of the modern semiconductor industry and the basis for chips in all electronic applications – from computers and smartphones to electric cars and wind turbines. The international company is highly customer-oriented and focuses on quality, precision, innovation, and growth. Siltronic AG employs around 4,400 people worldwide and has been listed in the Prime Standard of the German Stock Exchange since 2015. Siltronic AG shares are included in both the SDAX and TecDAX stock market indices.

Disclaimer

This press release contains forward-looking statements based on assumptions and estimates made by the Executive Board of Siltronic AG. These statements can be identified by wording such as "expect", "want", "anticipate", "intend", "plan", "believe", "strive", "estimate", and "will" or similar terms. Although we assume that the expectations contained in these forward-looking statements are realistic, we cannot guarantee that they will prove to be correct. These assumptions may contain risks and uncertainties that could cause the actual figures to differ considerably from the forward-looking statements. Factors that can cause such discrepancies include changes in the macroeconomic and business environment, changes in exchange rates and interest rates, the introduction of products that compete with our own products, a lack of acceptance of new products or services, and changes in corporate strategy. Siltronic does not intend to update these forward-looking statements, nor does it assume any responsibility to do so.

This press release includes supplementary financial indicators that either are or may be so-called alternative performance indicators that are not clearly defined in the relevant financial reporting framework. In assessing the financial position and performance of Siltronic, these supplementary financial indicators should not be used in isolation or as an alternative to those presented in the consolidated financial statements and determined in accordance with the relevant financial reporting framework. Other companies that present or report alternative performance indicators with similar names may calculate them differently. Explanations of the key financial figures used are available in the Annual Report of Siltronic AG.

Due to rounding, some of the figures presented in this press release as well as in other reports may not add up exactly to the stated totals and percentages presented may not accurately reflect the absolute values to which they relate.