France · Delayed Price · Currency is EUR Soitec Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue declined 22% year-over-year but rose 18% sequentially, with strong AI-driven growth offset by ongoing mobile and automotive weakness. Inventory correction in RF-SOI continues, while photonics and FD-SOI segments show robust momentum. CapEx is set to decrease in FY2027.
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H1 2026 saw a 29% revenue decline and negative net income, driven by inventory corrections, non-recurring losses, and market weakness in Mobile and Automotive, while AI-related segments showed strong growth. Cost-saving measures and disciplined CapEx aim to restore positive Free Cash Flow by year-end.
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Q1 FY2026 revenue fell 16% year-over-year to €92 million, mainly due to RF-SOI inventory correction and automotive weakness, but AI and cloud segments showed strong growth. Sequential revenue is expected to rebound 50% in Q2, though year-over-year declines will persist. CapEx is set at €150 million for the year.
Fiscal Year 2025
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Revenue declined 9% year-over-year amid inventory corrections and weak automotive demand, but EBITDA margin remained strong at 33.5%. Diversification advanced, sustainability targets were met ahead of schedule, and CapEx will be reduced in FY26 to preserve flexibility.
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Q3 2025 revenue declined 6% year-on-year to €226 million, with Mobile Communications returning to growth and strong Photonics-SOI momentum offset by weakness in Automotive & Industrial and Edge & Cloud AI. FY25 revenue outlook was revised downward, and FY26 growth is expected to be limited amid ongoing market uncertainties.
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Revenue declined 15% year-on-year in H1 2025, but profitability remained strong with a 33% EBITDA margin and positive free cash flow. Guidance for FY 2025 is confirmed, with a strong H2 rebound expected, especially in Mobile and Edge/Cloud AI, while Automotive remains soft.
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Q1 2025 revenue declined 23% year-over-year to €121 million, with Mobile and Automotive segments down but Edge and Cloud AI up 47%. Guidance for FY25 is reaffirmed, expecting a strong H2 recovery and stable full-year revenue at constant exchange rates.