QM · rank #1 · 2026-09-10
AIXA
XETRA · EUR · $4.73B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +211.39% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +6.3% |
| Profit margin Net profit margin, trailing 12 months. | +12.1% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $4.73B |
| Anchor (recent) Close on 2026-08-11 | $42.07 |
| Anchor (far) Close on 2025-08-11 | $13.51 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
AIXTRON is a German MOCVD equipment supplier serving compound semiconductor markets, currently inflecting on optoelectronics demand after a weak H1 2026 driven by power electronics trough and one-off restructuring costs.
Rationale
The momentum_12_1 signal of 2.11 is reinforced by a concrete fundamental catalyst — a raised 2026 guidance, a €457m backlog, and Q2 EBIT recovering to 13% margin — rather than mere sentiment rotation, giving the quality-momentum pairing real earnings-revision support.
Material risks
- 1Optoelectronics order concentration (~75% of intake) means a single end-market capex pause or customer inventory correction could rapidly unwind the €457m backlog and collapse the revenue visibility underpinning the entire momentum thesis.
- 2Power electronics remaining in a prolonged trough beyond management's "temporary" framing would suppress the second growth engine just as optoelectronics normalizes, compressing margins and undermining the quality metrics (ROE 6.3%, margin 12%) that are already thin.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.