The 10-second takeaway
For the quarter ended June 30 (Q2), Aixtron missed estimates on revenue and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly and GAAP earnings per share contracted to a loss.
Margins contracted across the board.
Aixtron notched revenue of $58.5 million. The 19 analysts polled by S&P Capital IQ predicted a top line of $63.0 million on the same basis. GAAP reported sales were 77% lower than the prior-year quarter's $255.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.15. The seven earnings estimates compiled by S&P Capital IQ averaged -$0.08 per share. GAAP EPS were -$0.15 for Q2 versus $0.55 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.9%, 1,190 basis points worse than the prior-year quarter. Operating margin was -29.2%, 6,010 basis points worse than the prior-year quarter. Net margin was -25.1%, 4,680 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $73.2 million. On the bottom line, the average EPS estimate is -$0.06.
Next year's average estimate for revenue is $298.9 million. The average EPS estimate is -$0.20.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 211 members out of 243 rating the stock outperform, and 32 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Aixtron a green thumbs-up, and 11 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Aixtron is hold, with an average price target of $15.69.
Is Aixtron the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-Dollar Revolution." Click here for instant access to this free report.
- Add Aixtron to My Watchlist.