X-FAB Silicon Foundries SE (XPAR:XFAB)
€ 6.825 -0.025 (-0.36%) Market Cap: 891.56 Mil Enterprise Value: 793.03 Mil PE Ratio: 6.61 PB Ratio: 0.97 GF Score: 93/100

Q2 2023 X Fab Silicon Foundries EV Earnings Call Transcript

Jul 27, 2023 / 04:30PM GMT
Release Date Price: €10.09 (+2.59%)
Operator

Thank you for holding, and welcome, everyone, to the X-FAB quarterly conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and- answer session. (Operator Instructions)

I will now turn the call over to CEO. Rudi De Winter. Mr. De Winter, please go ahead.

Rudi De Winter
X-FAB Silicon Foundries SE - CEO & Managing Director

Good evening, everyone. Welcome to the second-quarter report. In the past quarters, X-FAB recorded total revenues of $227 million, up 20% year on year and up 9% quarter on quarter. A portion of the revenue, $8.3 million to be precise, is due to recognition of revenue over time, mainly related to long-term contracts with customers in accordance with IFRS 15.

Excluding this event or this effect, quarterly revenues would have been $219 million and in line with the guided $205 million to $220 million. Alba will explain more about your IFRS 15 later. X-FAB core markets: automotive, industrial, medical accounted for $199 million, up 28% year on

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot