JPMorgan cuts Aixtron target to EUR 54: Aixtron stock gains 5.18 percent

Published on 10/02/2026 at 15:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit EUR 115.00 million versus EUR 59.00 million. Aixtron stock costs EUR 39.00 on October 2, 2026 versus EUR 37.08.

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JPMorgan cut its Aixtron price target from EUR 60.00 to EUR 54.00 and kept its Overweight rating in a note dated September 30, 2026, as reported by AktienCheck. Aixtron stock was trading at EUR 39.00 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, up 5.18 percent versus the prior close of EUR 37.08.

Revenue rose 94.92 percent sequentially

Second-quarter revenue reached EUR 115.00 million, compared with EUR 59.00 million in the first quarter. The comparison marks a 94.92 percent sequential increase, based on figures reported by Investing.com for the 2026 reporting periods.

The same report said AIXTRON reaffirmed 2026 revenue guidance of EUR 560.00 million plus or minus EUR 30.00 million. It also cited a gross margin outlook of 42.00 percent and an EBIT margin range of 17.00 percent to 20.00 percent for fiscal year 2026.

JPMorgan sees a demand divide

JPMorgan analyst Craig McDowell said expectations for Aixtron revenue and earnings stood above consensus, while optical communications should remain strong. The report also identified a potential positive turn in gallium nitride chips, but said investors wanted faster order growth before becoming more constructive.

That split matters for the investment case. Optical communications is supplying the growth impulse in the second quarter, while power electronics remains the counterweight. The next quarterly update should show whether order momentum is broadening beyond the strongest application areas.

Next results arrive October 29

AIXTRON lists October 29, 2026 as the date for its nine-month report. That event will put the EUR 560.00 million full-year revenue outlook and the 17.00 percent to 20.00 percent EBIT margin range against the latest order intake.

Aixtron was trading at EUR 39.00 at Lang & Schwarz on October 2, 2026 at 3:36 p.m. CEST, up 5.18 percent versus the Lang & Schwarz prior close of EUR 37.08 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Aixtron stock.