Revenue DeclineXPP's revenue decline of 13% in 1H25 was slightly better than feared, but there is still an expectation of an 8% decline for FY25F.
Revenue ExpectationsOrder intake is expected to be lumpy, and there is uncertainty about meeting revenue expectations in coming quarters.
Semiconductor MarketThe Semiconductor Equipment market appears to have flat-lined, awaiting more consistent decisions by fabs on equipment capex.