Q3 2023 X Fab Silicon Foundries EV Earnings Call Transcript
Hello and welcome to the XFAB Q3 2023 results conference call. Please note this call is being recorded. (Operator Instructions)
I will now hand you over to CEO, Rudi De Winter, to begin today's conference. Please go ahead, sir.
Thank you. Welcome to the third-quarter conference call of XFAB. So we have in the conference room here Alba Morganti, CFO; and myself, Rudi De Winter.
So the third quarter was again characterized by several new records. We recorded total revenues of $234 million, up 24% year on year, and up 3% quarter on quarter, and in line with the guidance of $225 million to [$250 million]. A portion of the revenue, namely $10 million, was attributed to recognition of revenues overtime in accordance with IFRS15 as announced in the previous quarter conference call. The revenues in XFAB core markets amounted $206 million, up 31% year on year, representing now a share of 92% of our revenues.
Demands in the key end markets remained strong. Third-quarter bookings were $208
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