X-FAB Silicon Foundries Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

X-FAB Silicon Foundries (EPA:XFAB) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$206.4m (down 12% from 3Q 2023).
• Net income: US$26.0m (down 38% from 3Q 2023).
• Profit margin: 13% (down from 18% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.20 (down from US$0.32 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

X-FAB Silicon Foundries EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 67%.

Looking ahead, revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Semiconductor industry in France.

Performance of the French Semiconductor industry.

The company's shares are up 1.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for X-FAB Silicon Foundries (1 makes us a bit uncomfortable!) that you need to be mindful of.

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