- X-FAB Silicon Foundries reported a Q1 EPS of $0.09 and revenues of $204.1 million, missing expectations by $1.3 million.
- Year-over-year revenue decreased by 5.6%, but Q1 bookings rose by 26% from the previous quarter.
- Projected Q2 revenue ranges between $200-210 million, with an expected EBITDA margin of 22.5-25.5%.
Challenging Start to the Year for X-FAB Silicon Foundries
X-FAB Silicon Foundries (XFABF) reported its first-quarter earnings, delivering a mixed performance as it grapples with fluctuating revenue dynamics. The company posted earnings per share of $0.09, aligning with some forecasts but ultimately missing the revenue mark by $1.3 million, totaling $204.1 million.
Revenue Dynamics and Booking Surge
Year-over-year, X-FAB's revenue experienced a decline of 5.6%, reflecting some operational and market challenges. Despite this downturn, the company saw a promising uptick in demand. First-quarter bookings leaped by 26% sequentially, an indicator of potential recovery and strengthened market interest.
Outlook: Navigating the Future
Looking forward to the second quarter, X-FAB Silicon Foundries has set a revenue target between $200 million and $210 million. The company is also focusing on achieving an EBITDA margin in the range of 22.5% to 25.5%, striving for improved profitability amid challenging market conditions.
