SCHMID Group (NASDAQ:SHMD) released its first-quarter operational metrics for 2026 on Monday, reporting total revenues of €18.2 million.
The company, a specialist in equipment and process solutions for the electronics and semiconductor industries, ended the period with an order intake of €13.6 million and a remaining order book valued at €49 million as of March 31.
Despite the current quarterly performance, the group reaffirmed its full-year 2026 guidance.
Management expects annual revenues to exceed €100 million, supported by an anticipated order intake of approximately €114 million.
The company also maintains its projection for an adjusted EBITDA margin in the high teens, targeting a figure greater than 12%.
The quarterly report also detailed significant balance sheet restructuring.
SCHMID disclosed that conversions of its convertible notes totaled $12 million, resulting in the issuance of 2,197,898 shares.
Furthermore, the company is seeking shareholder approval at a general meeting scheduled for May 20, 2026, to issue new shares to offset €30.75 million in outstanding liabilities.
These capital moves are designed to deleverage the balance sheet and provide the financial flexibility required to execute its long-term growth strategy within the semiconductor supply chain.