XP Power predicts lower full-year revenues due to soft demand in healthcare & industrial tech sectors and semiconductor equipment slowdown, causing share drop.

XP Power, a manufacturer of power control solutions, has announced that their full-year revenues will be "significantly below market expectations" due to several factors including temporary soft demand conditions, customer de-stocking, and a cyclical slowdown in the semiconductor manufacturing equipment sector. However, the company anticipates a relatively short-lived weakness and has seen encouraging signals from customers for 2025. XP also anticipates a significant second-half improvement in trading as the year progresses.

February 16, 2024
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