Aixtron stock rises as AI orders sharpen 2027 growth outlook

AIXTRON reported strong third-quarter results on Thursday, October 29, 2026, as demand for equipment used in AI data-center communications drove a sharp increase in orders. In its Q3 results release, AIXTRON said order intake rose 122% year on year to 274.9 million euros, compared with 124.0 million euros in the third quarter of 2025.

AIXTRON stock traded at 30.46 euros on Lang & Schwarz at 10:31 CET on Monday, November 9, 0.16% above the Xetra close of Friday, November 6 at 30.41 euros.

Orders point to stronger growth

Optoelectronics accounted for approximately 68% of equipment order intake in the quarter, while power electronics represented 24%. AIXTRON linked the optoelectronics demand to laser applications for high-speed connections in AI data centers. The company said demand for indium-phosphide optical components represented the majority of its equipment backlog.

Equipment order backlog reached 549.4 million euros at September 30, up from 286.5 million euros a year earlier and 257.8 million euros at the end of 2025. The backlog gives AIXTRON revenue visibility well into 2027, although the conversion of orders into revenue remains dependent on production and shipments.

Quarterly revenue rose 54% year on year to 183.6 million euros, within the company's guidance range of 180 million euros plus or minus 20 million euros. Gross profit increased 88% to 87.3 million euros, lifting the gross margin to 48% from 39% a year earlier. EBIT reached 56.7 million euros, compared with 15.4 million euros in the prior-year quarter.

Guidance remains unchanged

AIXTRON confirmed its 2026 outlook for revenue of 560 million euros plus or minus 30 million euros. The company continues to target a gross margin of about 42% and an EBIT margin between 17% and 20% for the full year. It also expects order intake to remain strong or increase in coming quarters as optoelectronics demand continues and power-electronics activity improves.

Management described the expansion of AI data-center networks as a structural driver for optical interconnects. AIXTRON said the transition from established 800G systems toward 1.6T technology is progressing gradually as customer qualifications and supply chains mature. The company also reported improving momentum in gallium-nitride and silicon-carbide power electronics, including early orders linked to AI power-delivery applications.

Production is the next focus

AIXTRON said manufacturing output increased sequentially during 2026 and is expected to rise further by year-end. Construction of its new facility in Penang, Malaysia, remains on schedule, adding manufacturing flexibility and supporting supply-chain resilience.

For investors, the order backlog and the concentration of demand in AI-related photonics support the company's 2027 growth case. Execution during the production ramp, the timing of customer shipments and the recovery in power electronics remain important factors for converting the order momentum into sustained revenue and earnings growth.

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