FRANKFURT, May 25, 2026, 16:05 CEST
LPKF Laser & Electronics SE shares rallied again Monday, tacking on another big gain as the German laser-equipment firm drew more attention from tech traders in Frankfurt. Delayed Xetra showed the stock at 28.50 euros, up 14.92%. The stock has surged roughly 31% over five days. The DAX traded higher as well, up about 1.7% in delayed Xetra action.
Whit Monday is a public holiday in Germany, but the trading action happened anyway. Deutsche Börse said Xetra and Frankfurt stayed open on May 25, with share and ETP trading on German and Hesse public holidays still closing at 20:00 CET.
LPKF’s first-quarter story stuck to glass, chips, and timing. The company linked its recent share move to social-media posts about its work in glass-based advanced semiconductor packaging. CEO Dr. Klaus Fiedler said LPKF is making “good progress” and talking with several customers about first production equipment. LIDE, or Laser Induced Deep Etching, is the group’s process for slicing and etching ultra-thin glass for electronics and chip packaging. MarketScreener
That hope is ahead of the actual results. LPKF reported first-quarter revenue dropped to 17.1 million euros from 25.3 million euros a year ago. EBIT loss grew to 6.9 million euros, compared with a 3.9 million euro loss. Order intake was 24.1 million euros, and the book-to-bill ratio came in at 1.4.
Analysts flagged the disconnect earlier. Malte Schaumann at Warburg Research said last month, “the glass narrative is running ahead of the order book.” Montega’s Bastian Brach also called the rally “sentiment-driven” and said it didn’t have real fundamentals behind it. MarketScreener
Focus could turn away from trading ahead of LPKF’s annual general meeting. The AGM is set for June 4 in Hanover. The company has published shareholder counter-motions, including one that asked investors not to approve the management board’s actions last year and criticized LPKF’s “North Star” restructuring plan. LPKF said these counter-motions are just the authors’ opinions and do not have company backing. LPKF
Fiedler showed some confidence last week when a regulatory filing revealed he picked up LPKF shares off-market on May 19, paying 21 euros apiece for a total of 42,000 euros.
Peers moved up but didn’t match the action in LPKF. SÜSS MicroTec, another German firm in microelectronics systems, gained 4.03% on Monday, TradingView data showed. That’s much slower than LPKF’s rally.
LPKF didn’t post any big new production orders during the most recent rally. As of now, the last press release on its site is still the first-quarter update from April 30. Required disclosures show up in a different section for investors.
LPKF’s own investor-relations page shows just how much the shares have moved. Warburg analyst Malte Schaumann had a Hold on the stock with a 12.30 euro target as of April 20, and Montega’s Bastian Brach also had a Hold, targeting 9.00 euros on April 15.
Downside risk is clear. LPKF’s 2026 outlook is for revenue between 105 million and 120 million euros and an adjusted EBIT margin ranging from minus 3.0% up to 4.5%. Management said high-volume advanced-packaging orders aren’t in the guidance as their timing hinges on downstream qualification, not just LPKF’s own process.
Week-ahead trading looks simpler than the long-term investment pitch. The stock is trading on hopes glass packaging demand jumps soon. But company filings are about transition—Solar is weak, there are more restructuring costs, and some shareholders want more voice at the AGM.
