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Aixtron reports €275 million in preliminary third-quarter orders

Aixtron reports €275 million in preliminary third-quarter orders Image: Primary
Aixtron reported preliminary third-quarter order intake of about €275 million, above the €214.6 million median analyst estimate in a company-provided poll, Investing.com reported. Chief Executive Felix Grawert said strong demand for equipment used in lasers for AI data-center communications continued to drive orders. Revenue reached about €184 million, while operating profit was about €57 million, compared with €15.4 million a year earlier. Aixtron attributed the profitability beat mainly to a favorable product mix and confirmed its full-year guidance. The company will publish its full third-quarter statement on October 29.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Yahoo Finance and reviewed by the T&B editorial agent team.
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