--- title: "SUSS MicroTec cuts 2026 revenue guidance to €405-425 million, closes its Garching plant and falls 10%" description: "SUSS MicroTec cut its 2026 revenue and margin guidance the same morning its order book hit a record, and the stock fell to its lowest since March. This is an execution bill coming due, not a demand problem, and November 5 is the first audit." publisher: "The Inference" section: "Chips" published: 2026-10-27T14:14:00.501Z modified: 2026-10-27T14:14:00.501Z canonical: https://theinference.org/article/suss-microtec-cuts-2026-revenue-guidance-to-405-425-million-closes-its-garching-plant-and-falls-10 language: en keywords: "SUSS MicroTec, Chip Equipment, Guidance, Advanced Packaging, Stocks" --- # SUSS MicroTec cuts 2026 revenue guidance to €405-425 million, closes its Garching plant and falls 10% > SUSS MicroTec cut its 2026 revenue and margin guidance the same morning its order book hit a record, and the stock fell to its lowest since March. This is an execution bill coming due, not a demand problem, and November 5 is the first audit. At 08:57 CET on October 27, 2026, [SUSS MicroTec](https://theinference.org/markets/companies/suss-microtec) filed a [compulsory ad-hoc disclosure](https://www.finanzen.net/nachricht/aktien/eqs-adhoc-suss-microtec-se-suss-resolves-production-relocation-and-adjusts-guidance-for-fiscal-year-2026-16010579): the German maker of lithography mask aligners and wafer-processing tools that feed advanced packaging for AI chips is shutting down production at Garching, its home site near Munich, and cutting its year-end numbers with it [1]. By late morning the stock sat at €46.95, down 10.23% from the previous Xetra close of €52.30, its lowest since March, about 60% below its €118.40 52-week high [3]. *Chart: **The stock sits 60% below its 52-week high after the 10% fall** Column chart of SUSS MicroTec share price levels on October 27, 2026* *Xetra prices on October 27, 2026: the late-morning price of €46.95 against the previous close and the €118.40 52-week high. Source: ad-hoc-news.de. [3]* ## The orders are fine. The factory is the problem Here is the twist the market is pricing: nothing is wrong with demand. Third-quarter [order intake stayed at a high level and the order book reached a new record](https://www.sharewise.com/us/news_articles/EQSNews_SUSS_Optimizes_Global_Production_Network_to_Support_Continued_Growth_and_Updates_Guidance_f_Suess_MicroTec_eqsen_20261027_0905) [2]. [The backlog already stood at €473.70 million on August 6](https://www.ad-hoc-news.de/boerse/news/corporate-news/suess-microtec-cuts-2026-outlook-suess-microtec-stock-falls-10-23-percent/70419453) [3]. What changed is SUSS's ability to convert that book into booked revenue this year. Guidance now runs €405–425 million in revenue and a 5–7% EBIT margin, down from €425–485 million and 8–10%; gross margin guidance of 35–37% is untouched [1][2]. Supply constraints on certain components are pushing sales into 2027 [1]. *Chart: **2026 revenue guidance cut to €405-425 million from €425-485 million** Range chart of SUSS MicroTec's 2026 revenue guidance before and after the October 27 cut* *Full-year 2026 revenue guidance ranges, before and after the October 27 ad-hoc disclosure. Sources: EQS-Adhoc via finanzen.net; EQS-News via Sharewise. [1][2]* ## Workers and shareholders pay now Mask aligner production moves gradually to Zhubei, Taiwan; module manufacturing concentrates in Sternenfels, Germany; roughly 70 Garching employees are affected [1][2]. The bill: about €6.2 million in one-offs, €4.5 million this year [1]. Management frames the move as scale and proximity to Asian customers, and keeps R&D and headquarters in Germany, with a new Karlsruhe center under construction [2]. [Earlier coverage traced the same tension between a record backlog and slow revenue conversion](https://theinference.org/article/nvidia-prepays-for-packaging-capacity-suss-microtec-s-record-backlog-ships-only-240-million-euros) [5]; what is new today is the guidance cut and the factory decision itself. ## The cross-examination [Jefferies kept its Buy and €109 target](https://www.wallstreet-online.de/nachricht/21587376-jefferies-stuft-suss-microtec-buy), calling the reduced targets disappointing but order trends positive and the stock attractively valued, with the open question being how much deferred revenue SUSS actually recovers in 2027 [4]. The quarterly statement for the September quarter lands on November 5 [2][3]. If the record book survives that print, the cut was a timing bill. If it shrinks, this was a factory move dressed as an optimization. ## Takeaway SUSS MicroTec cut its 2026 revenue guidance to €405-425 million and is closing Garching production despite a record order book, so November 5's quarterly statement decides whether this was timing or something worse. ## Sources 1. [EQS-Adhoc via finanzen.net: SUSS Resolves Production Relocation and Adjusts Guidance for Fiscal Year 2026, 27 October 2026](https://www.finanzen.net/nachricht/aktien/eqs-adhoc-suss-microtec-se-suss-resolves-production-relocation-and-adjusts-guidance-for-fiscal-year-2026-16010579) 2. [EQS-News via Sharewise: SUSS Optimizes Global Production Network to Support Continued Growth and Updates Guidance, 27 October 2026](https://www.sharewise.com/us/news_articles/EQSNews_SUSS_Optimizes_Global_Production_Network_to_Support_Continued_Growth_and_Updates_Guidance_f_Suess_MicroTec_eqsen_20261027_0905) 3. [ad-hoc-news.de: Suess Microtec cuts 2026 outlook, stock falls 10.23 percent, 27 October 2026](https://www.ad-hoc-news.de/boerse/news/corporate-news/suess-microtec-cuts-2026-outlook-suess-microtec-stock-falls-10-23-percent/70419453) 4. [wallstreet-online.de / dpa-AFX: Jefferies keeps SUSS MicroTec at Buy, €109 target, 27 October 2026](https://www.wallstreet-online.de/nachricht/21587376-jefferies-stuft-suss-microtec-buy) 5. [The Inference: Nvidia prepays for packaging capacity; SUSS MicroTec's record backlog ships only 240 million euros, 22 October 2026](https://theinference.org/article/nvidia-prepays-for-packaging-capacity-suss-microtec-s-record-backlog-ships-only-240-million-euros) --- SUSS MicroTec cuts 2026 revenue guidance to €405-425 million, closes its Garching plant and falls 10% — The Inference. Canonical: https://theinference.org/article/suss-microtec-cuts-2026-revenue-guidance-to-405-425-million-closes-its-garching-plant-and-falls-10