Chipmaker IQE raises annual sales growth forecast on AI, data centre demand

Iqe

21/07/2026 07:30

July 21 (Reuters) - UK semiconductor wafer maker IQE IQE.L on Tuesday raised its full-year revenue growth forecast after its first-half trading beat expectations, driven by rising demand for its semiconductor products used in AI infrastructure and data centres.
Here are some details:
IQE upgraded its 2026 revenue growth forecast to above 30%, from 20% previously and said core profit would reach the low-teens millions of pounds.
The company said demand for its Indium Phosphide solutions, a key component in optical photonic products used in AI infrastructure and data centres, accelerated in the first half and would remain strong through the rest of the year.
The improved outlook was also supported by strength in the aerospace and defence market, alongside robust demand for 3D sensing and wireless products.
IQE expects first-half revenue of at least £64 million($86 million), with trading during the first half exceeding management expectations across all core businesses.

($1 = 0.7439 pounds)

 (Reporting by Atharva Singh in Bengaluru; Editing by Nivedita Bhattacharjee)
 ((Atharva.Singh@thomsonreuters.com;))