What sector is LPKF in?

LPKF Laser & Electronics SE is classified under GICS Information Technology (Semiconductor Materials & Equipment).

LPKF

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LPKF Laser & Electronics SE

Information Technology · Semiconductor Materials & Equipment

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Thesis

as of 2026-06-03

German laser-equipment maker pivoting from Solar/Welding/Electronics to LIDE (Laser-Induced Deep Etching) for glass-core substrates in AI advanced packaging. 4) and first production LIDE orders guided Q2 2026 (mass prod 2027, high-volume 2029).

>80% of major glass-substrate validators run LPKF kit.

•2026-Q1 - Revenue €17.1M (-32.4% YoY); EBIT -€6.9M (vs -€3.9M prior year); order intake €24.1M (+17% YoY); book-to-bill 1.4. Solar segment collapse on China weakness drove the print; North Star cost program mitigated some impact.
•2026 FY guide - Revenue €105-120M, adjusted EBIT margin -3.0% to +4.5% (midpoint negative). Implies flat-to-down full year despite improving order book.
•2026-Q2 - First production LIDE orders guided (per Q1 2026 press release). Mass production glass substrates expected 2027; high-volume production 2029.
•LIDE positioning - Equipment for through-glass via (TGV) drilling, ABF ablation, glass-to-glass welding across full glass-core substrate process chain. >80% of major glass-substrate validators use LPKF kit for process learning and scale-up. Intel guides glass substrates 2026-2030; TSMC building mini-line 2026 with Corning Taiwan; Samsung in R&D.
•2025 FY - Net loss €14.35M on €123.48M revenue (-5.6% YoY). TTM revenue -12.2%, EPS -€0.71. Four operating segments: Development, Electronics, Welding, Solar.
•Snapshot 2026-05-15: Xetra price €21.80 (LPK), 1y +156%, YTD peak +319%, mcap ~€594M (~$642M USD at ~1.08 EUR/USD). No P/E (unprofitable). 52w range €5.35-€29.90. Trades ~238% above 200DMA - most extreme deviation in stock history.
•Setup tension: equipment moat is real and LIDE revenue ramp is dated (Q2 2026 first orders, 2027 mass prod), but core business is contracting -32% YoY and the multiple has discounted 2027-2029 cash flows perfectly - adjacent glass-substrate ramp dates have slipped before.

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Facts

Exchange: OTC
Currency: USD
Market cap: $642M
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Frequently asked questions

What sector is LPKF in?: LPKF Laser & Electronics SE is classified under GICS Information Technology (Semiconductor Materials & Equipment).