Berenberg kept EUR 215.00 target for Elmos stock

Published on 10/09/2026 at 14:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half sales reached EUR 314.50 million, up 15.00 percent year over year. Elmos stock costs EUR 149.40 on October 9, 2026 after EUR 145.90.

Key points in brief

Berenberg kept its Buy rating and EUR 215.00 price target for Elmos on September 22, 2026.
Elmos reported first-half 2026 sales of EUR 314.50 million and an operating EBIT margin of 24.10 percent.
The Lang & Schwarz price was EUR 149.40 on October 9, 2026, plus 2.40 percent versus EUR 145.90.
Elmos has secured additional wafer capacity through at least 2028 and expects third-quarter results on November 10, 2026.

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Elmos stock (ISIN DE0005677108) was trading at EUR 149.40 at Lang & Schwarz on October 9, 2026 at 2:36 p.m. CEST, up 2.40 percent versus the prior close of EUR 145.90. Berenberg kept its Buy rating and EUR 215.00 price target on September 22, 2026, according to FinanzNachrichten.

Three capacity milestones

On September 9, 2026, Elmos and SK keyfoundry expanded their cooperation on 130-nanometer technology and agreed long-term wafer capacities, as reported by FinanzNachrichten. On September 17, 2026, the company secured access to increased Dortmund wafer capacity through at least 2028, according to FinanzNachrichten.

On September 22, 2026, Berenberg cited Elmos management's strong year-to-date sales development and noted that the second quarter marked the third consecutive quarter of double-digit sequential growth, the same FinanzNachrichten report said.

What do the figures mean?

Elmos recorded EUR 314.50 million of sales in the first half of 2026, up more than 15.00 percent year over year, while second-quarter sales reached EUR 162.00 million, up 11.00 percent year over year. The figures come from the company's second-quarter earnings call transcript published by Yahoo Finance.

Operating EBIT reached EUR 75.80 million in the first half of 2026, equal to a 24.10 percent operating margin. Elmos confirmed full-year 2026 guidance for sales growth of 10.00 percent to 14.00 percent and an operating EBIT margin of 23.00 percent to 26.00 percent, while operating adjusted free cash flow is expected to reach a margin of 17.00 percent to 21.00 percent, according to Yahoo Finance.

November brings the next test

Elmos is scheduled to publish its third-quarter 2026 results on November 10, 2026, according to Boerse Express. The next report will show whether the capacity agreements and demand trends translated into the EUR 168.00 million third-quarter sales forecast cited in the October 8, 2026 preview by mwb research.

For investors, the key comparison is operational profitability against reported earnings effects. Elmos said a one-time EUR 12.10 million second-quarter impact from cash-settled share-based compensation affected reported EBIT, while the operating margin remained at 24.10 percent in the first half of 2026.

Stock and valuation context

At Lang & Schwarz, the EUR 149.40 intraday price on October 9, 2026 stood EUR 65.60 below the 52-week high of EUR 206.00 and EUR 71.50 above the 52-week low of EUR 77.90. The company's market capitalization was EUR 2.6 billion on October 9, 2026.

The further course of trading is shown by the continuously updated real-time quote of Elmos stock.