INFICON Holding AG on Friday reported first-quarter revenue of $181 million, a 14% increase versus the year-ago quarter and approximately 6% above consensus analyst estimates. Management said growth was concentrated in semiconductor-related activities and the broader vacuum equipment portfolio.
The firm's semiconductor and vacuum coating division delivered sales of $95 million in the quarter, a 24% year-over-year rise and about 8% higher than analyst expectations. Another strong contributor, the general vacuum segment, produced $48.2 million of revenue - up 20% year-over-year and roughly 11% ahead of consensus forecasts.
INFICON reported a gross profit margin of 45.9% for the quarter. Reported EBIT margin stood at 16.3%, a figure that the company said was affected by one-time restructuring costs equivalent to about 300 basis points. Excluding those charges, the EBIT margin expanded to 19.3%.
Sales in the refrigeration, air conditioning and automotive segment were $34.7 million, a 3% increase from the prior year and roughly 4% above consensus, despite headwinds in automotive demand. In contrast, the security and energy division recorded a notable decline, with sales of $3.1 million - down 59% year-over-year.
Following the quarter, INFICON raised its full-year 2026 guidance. The company now expects group sales in the range of CHF 710-750 million, up from the prior guidance of CHF 680-720 million. The operating income margin outlook was also lifted to 18-20%, up from the earlier 17-19% range.
Company management attributed the upgraded outlook to accelerating demand in the semiconductor space and what it described as positive dynamics tied to AI-related investments. INFICON also reported a book-to-bill ratio well above 1 for the first quarter, indicating order intake exceeded shipments during the period.
Contextual note - The figures reported above reflect INFICON's published quarterly results and the company's updated full-year guidance. Where restructuring charges affected reported margins, management provided an adjusted EBIT margin that excludes those one-time costs.