SCHMID Group Lands €37M Repeat Order for AI Server Equipment, Signals Guidance Increase
SHMD has more than doubled off its 52-week low of $2.
Summary
SCHMID Group secured a substantial repeat order exceeding EUR 37 million from a leading Chinese customer for advanced HDI-ML and mSAP production equipment. This order, which supports the customer's expansion for next-generation AI server boards and optical module applications, is highly material, representing over 11% of SCHMID's market capitalization. The company's total order intake for the first half of 2026 now stands at EUR 81.7 million, including this new order. This significant acceleration in order intake has prompted SCHMID to review an upward revision of its full-year 2026 order guidance, with an updated outlook expected around July 14, 2026. This indicates strong business momentum driven by demand in AI-related electronics manufacturing.
At the time of this announcement, SHMD was trading at $5.50 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $327.4M. The 52-week trading range was $2.00 to $10.65. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.