FRANKFURT, May 25, 2026, 16:05 CEST
LPKF Laser & Electronics SE shares jumped again on Monday, extending a violent rebound that has turned the German laser-equipment maker into one of the more closely watched small-cap technology names in Frankfurt. Delayed Xetra data showed the stock at 28.50 euros, up 14.92%, after a five-day gain of about 31%; the DAX was also firmer, up about 1.7% in delayed Xetra trade.
The move matters because it came on Whit Monday, a German public holiday, when trading was still open. Deutsche Börse says regular trading takes place on Xetra and Frankfurt on May 25, though share and exchange-traded product trading on such German and Hesse public holidays ends at 20:00 CET.
The current story is still the same: glass, chips and timing. In its first-quarter report, LPKF said the recent share-price trend could be tied to social-media posts that highlighted its role in advanced semiconductor packaging with glass; Chief Executive Dr. Klaus Fiedler wrote that the company was making “good progress” and was in talks with several customers over initial production equipment. LIDE, or Laser Induced Deep Etching, is LPKF’s glass-processing method for cutting and structuring very thin glass used in electronics and chip packaging. MarketScreener
That hope is running ahead of the latest numbers. LPKF said first-quarter revenue fell to 17.1 million euros from 25.3 million euros a year earlier, while EBIT — earnings before interest and taxes — widened to a loss of 6.9 million euros from a 3.9 million euro loss. Order intake reached 24.1 million euros and the book-to-bill ratio, meaning orders divided by revenue, stood at 1.4.
Analysts have already warned about that gap. Warburg Research analyst Malte Schaumann said last month that “the glass narrative is running ahead of the order book,” while Montega’s Bastian Brach said the rally looked “sentiment-driven” and lacked fundamental backing. MarketScreener
The coming sessions may shift attention from the screen to the annual meeting. LPKF’s AGM is scheduled for June 4 in Hanover, and the company has published shareholder counter-motions; one motion sought to deny discharge to the management board, a German AGM vote that effectively approves board conduct for the prior year, and criticised the company’s “North Star” restructuring programme. LPKF said the counter-motions reflect the views of their authors and are not endorsed by the company. LPKF
There was one confidence signal last week. A regulatory filing showed Fiedler bought LPKF shares outside a trading venue on May 19 at 21 euros each, for an aggregate volume of 42,000 euros.
The peer backdrop was supportive but less dramatic. SÜSS MicroTec, another German maker of systems for microelectronics and related applications, was up 4.03% on Monday, according to TradingView data, well below LPKF’s move.
LPKF has not matched the latest rally with a new high-volume production-order announcement. Its corporate press-release page listed the April 30 first-quarter update as the latest press release, with mandatory publications handled separately in investor relations.
The official analyst table on LPKF’s own investor-relations page also shows how far the stock has run. Warburg’s Malte Schaumann had a Hold recommendation with a 12.30 euro target dated April 20, while Montega’s Bastian Brach had a Hold recommendation with a 9.00 euro target dated April 15.
But the downside case is not hard to see. LPKF’s 2026 guidance calls for revenue of 105 million to 120 million euros and an adjusted EBIT margin of minus 3.0% to plus 4.5%, and the company said potential high-volume advanced-packaging orders are not included because their timing depends on downstream qualification steps, not just LPKF’s process.
So the week-ahead trade is cleaner than the investment case. The stock is moving as if glass packaging demand could arrive fast. The company’s own filings still point to a business in transition, a weak Solar segment, restructuring costs and an AGM where some holders want a louder say.
