Inficon Shares Decline with Cautious 2025 Fiscal Year Forecast

Inficon (SWX:IFCN) shares fell by 6% following the company's cautious forecast for the 2025 fiscal year. Despite achieving $100.5 million in revenue from semiconductor and vacuum coating sales in Q4 2024, which exceeded the Visible Alpha consensus by 10% with a 22% year-on-year increase, the guidance for 2025 fell short of market expectations.

The company's positive momentum continued with an 11% quarterly increase. However, the market has already adjusted to a weaker outlook for wafer fabrication equipment (WFE) spending, particularly with China's contribution dropping from over 30% to 20%. The advanced technology performance of Taiwan Semiconductor Manufacturing Company (TSMC) remains a positive factor for Inficon. The management has set conservative growth targets ranging from a 2% decline to a 6% increase, with projected sales of $660-710 million falling below the $728 million consensus.