VAT Group AG Reports Record Q2 Order Intake Amid Semiconductor Surge

VAT Group AG's Q2 2026 results reflect a significant surge in semiconductor demand. The company reported a record CHF 500 million in order intake, an increase of 40% sequentially and 102% year on year. Key factors include intensified investments in semiconductor fabs and robust demand for advanced logic and memory chips driven by data center expansions.

Sales for the quarter rose by 32% quarter on quarter to CHF 291 million. The book-to-bill ratio stood at 1.7x, indicating solid visibility for the rest of 2026. VAT's EBITDA margin reached 29% despite ramp-up costs, with full operating leverage anticipated in the second half.

The company added over 700 employees to support capacity expansion. Looking ahead, VAT maintains its 2026 guidance, expecting notable growth across orders, sales, and EBITDA. Semiconductor equipment investment is forecasted to rise through 2027, underpinning VAT's strategic capacity expansion initiatives.