SCHMID Group N.V. Class A Ordinary Shares

SCHMID shares surged nearly 20% by Friday afternoon trading after a report revealed that advanced chipmakers were considering the use of glass substrates in processors. The technology could increase the amount of high-bandwidth memory in chips, boosting processing speeds for AI workloads. SCHMID Chief Sales Officer Roland Rettenmaier said on the company's second-quarter 2026 earnings call that many players in the Intel, Nvidia and AMD supply chains are eyeing glass core substrates for their flatness, smoothness, dielectric constants and signal integrity, and that the German-based company is engaged with most major supply chain players to make glass core substrates real. Nvidia CEO Jensen Huang recently met with the chairman of SK Group to discuss using glass substrate technology in next-generation semiconductors, according to Seoul Economic Daily, and has reportedly discussed it with TSMC as well. SCHMID specializes in high-tech manufacturing for electronics, photovoltaics, glass and energy systems, and has been developing glass substrate solutions that offer thinner, smoother packaging material to raise chip speeds and cut power consumption.

SCHMID Group N.V. reported second-quarter 2026 revenue of €27.7 million and raised its full-year order intake guidance to a range of €125 million to €150 million, up from approximately €114 million previously. The company recorded order intake of €30.7 million in the quarter, and including a repeat order exceeding €37 million announced on July 7, cumulative order intake since the beginning of the year reached €81.6 million. The order backlog stood at €54.8 million at the end of the quarter. Management maintained its full-year 2026 guidance of more than €100 million in revenue and an EBITDA margin above 12 percent.

SCHMID Group has agreed to raise $20 million through a private placement of senior convertible notes with an institutional investor. The notes carry a 5% annual interest rate, mature on January 14, 2029, and are convertible into the company's ordinary shares under terms outlined in the investment agreement. The company will use the net proceeds to fund working capital needs tied to accelerating order intake and to support expansion of its manufacturing capacity in China.