Focus on disciplined execution as market dynamics remain contrasted
Pierre Barnabé, CEO of Soitec, commented: “While Q3’26 revenue came in above guidance, driven by a solid performance by Soitec’s teams, we are maintaining our prudent stance on end market dynamics. Strong momentum in Artificial Intelligence is offset by continued weakness in the Automotive market and ongoing inventory correction in RF-SOI. We are closely monitoring the evolution of the smartphone market outlook and its potential impact on this correction.
The path we are on is clear: we are working towards generating positive Free Cash Flow in FY'26. Then, as customer inventory correction progresses, Soitec revenue should stabilize and Free Cash Flow generation should improve. Meanwhile, we are committed to managing costs and cash rigorously, while selectively investing in our technology roadmap to support future growth opportunities in our increasingly diversified markets. I am proud of the teams’ commitment, which is positioning the company to benefit fully from the next growth cycle.”
Q3’26 revenue – Focus on execution amid sustained year-on-year pressure
Link to Full Press Release
- - Q3’26 revenue of €160m is up 18% at constant exchange rates and scope from Q2’26, above guidance, and down 29% year-on-year as reported
- - Maintaining cautious stance on market environment: strong dynamic in Artificial Intelligence offset by Automotive weakness and ongoing RF-SOI customer inventory correction
- - Soitec continues its actions to improve operational execution and cash generation, while maintaining selective investment in diversification for future profitable growth
- - Q4’26 revenue growth expected at around 20% at constant exchange rate and scope, from Q3’26
Pierre Barnabé, CEO of Soitec, commented: “While Q3’26 revenue came in above guidance, driven by a solid performance by Soitec’s teams, we are maintaining our prudent stance on end market dynamics. Strong momentum in Artificial Intelligence is offset by continued weakness in the Automotive market and ongoing inventory correction in RF-SOI. We are closely monitoring the evolution of the smartphone market outlook and its potential impact on this correction.
The path we are on is clear: we are working towards generating positive Free Cash Flow in FY'26. Then, as customer inventory correction progresses, Soitec revenue should stabilize and Free Cash Flow generation should improve. Meanwhile, we are committed to managing costs and cash rigorously, while selectively investing in our technology roadmap to support future growth opportunities in our increasingly diversified markets. I am proud of the teams’ commitment, which is positioning the company to benefit fully from the next growth cycle.”
Q3’26 revenue – Focus on execution amid sustained year-on-year pressure
Link to Full Press Release