Yeah - we're a specialty analog and mixed-signal foundry: six fabs in four countries, and automotive plus industrial plus medical is 94% of our revenue. So when people ask about AI data center, I want to highlight where it really sits: it's a thin but growing slice. Our silicon carbide converts 800 volts down to 48, 12, or 6 volts in data-center power, and a chip built out of our technology helps synchronize GPUs in racks - real, but small. The concentration, stated flat: our largest customer was 43% of last year's revenue, and this year's automotive softness is linked in good part to their inventory correction, not only to us diversifying. Utilization is in the low 60s percent, and with a cost base that's roughly 70% fixed, the leverage is really with a higher loading.
Yeah, I want to highlight that X‑FAB is a pure‑play analog and mixed‑signal specialty foundry – process nodes from 1.0 µm down to 110 nm on 150 mm and 200 mm wafers, across six fabs in four countries: Erfurt, Dresden and Itzehoe in Germany, Corbeil‑Essonnes in France, Kuching in Malaysia, and Lubbock, Texas. Does that answer the question?
Yeah. I want to highlight that wide‑bandgap revenue reached $15.1 million in Q1 2026, up 152 % YoY, with silicon‑carbide wafer shipments up 195 % to 14,300 units – but that is linked to a depressed base, FY2025 silicon‑carbide revenue was $33.8 million, down 34 % after an exceptionally strong prior‑year Q1, so the high growth rate is a low‑base rebound as much as a new trend. The AI‑datacenter slice remains thin but growing, with silicon‑carbide used for solid‑state breakers and 800 V‑to‑48/12/6 V conversion and a timing chip that synchronises GPUs. Does that answer the question?
Yeah, the SiC backdrop was soft — I want to highlight wide-bandgap: $15.1M in Q1 2026, up 152% YoY, SiC wafers up 195% to 14,300 — but off a depressed base, FY2025 SiC revenue $33.8M down 34% after a strong prior-year Q1, so growth is a low-base rebound as much as a new trend. Data-center link: SiC for solid-state breakers and 800V-to-48V conversion, Navitas named
Yeah, I want to highlight X‑FAB is a pure‑play analog and mixed‑signal specialty foundry – process nodes from 1.0 µm down to 110 nm on 150 mm and 200 mm wafers, across six fabs in four countries: Erfurt, Dresden and Itzehoe in Germany, Corbeil‑Essonnes in France, Kuching in Malaysia and Lubbock, Texas. The moat, we say, sits in re‑qualification friction rather than contracts, with automotive, industrial and medical end‑markets making 94 % of revenue, and utilization in the low‑60s % showing it is not currently translating into pricing power. Does that answer the question?
Yeah. I want to highlight that our largest customer, Melexis, was 43% of FY2025 revenue – about $377 million; the top three were 53% and the top five 58%. Into Q1 2026 that share fell from 41% to 35%, which we frame as diversification while customers two through twenty grew 21% QoQ. The fuller reading is that the decline is linked in large part to involuntary automotive destocking at that customer – automotive revenue fell 10% YoY – not purely deliberate diversification. Both readings hold. Does that answer the question?
Yeah. I want to highlight that wide‑bandgap revenue reached $15.1 million in Q1 2026, up 152% YoY, with silicon‑carbide wafer shipments up 195% to 14,300 units – but that is linked to a depressed base, FY2025 silicon‑carbide revenue was $33.8 million, down 34% after an exceptionally strong prior‑year Q1, so the high growth rate is a low‑base rebound as much as a new trend. Does that answer the question?
Yeah, I want to highlight what sits beneath those numbers: we are a pure-play analog and mixed-signal specialty foundry, 1.0 micron down to 110nm on 150mm and 200mm wafers across six fabs in four countries — Erfurt, Dresden, Itzehoe, Corbeil-Essonnes, Kuching, Lubbock. Automotive, industrial, medical is 94% of revenue. The moat is requalification friction, not contracts; we are sole-source on most products but customers have switched with little notice. Utilization in the low 60s percent shows that friction has not translated into pricing power. Does that answer the question?
Yeah, I want to highlight wide-bandgap: $15.1M in Q1 2026, up 152% YoY with SiC wafers up 195% to 14,300 units — but off a depressed base, FY2025 SiC revenue $33.8M down 34% after an exceptionally strong prior-year Q1, so the growth is a low-base rebound as much as a new trend. Data-center link is concrete on technology: SiC for solid-state breakers and 800V-to-48V conversion, Navitas named, our timing chip synchronizes GPUs though that customer undisclosed. Capacity 10k wafers/month, ~6k loaded (~60%). Whether data-center share climbs remains open. Does that answer the question?
Yeah, I want to highlight the concentration: Melexis was 43% of FY2025 revenue, about $377M, top three 53%, top five 58%. Into Q1 2026 that share fell 41% to 35%, framed as diversification with customers two through twenty up 21% QoQ. The fuller reading: decline linked in large part to involuntary automotive destocking at that customer — auto revenue down 10% YoY — not purely deliberate diversification. Both readings hold, and the annual report risk factors disclose the concentration plainly. Does that answer the question?
