UK chipmaker IQE falls after drop in annual profit

Iqe

28/05/2026 08:45

** Shares of British semiconductor wafer maker IQE IQE.L down as much as 11.7%
** IQE reports full-year adjusted core profit of £3.2 million ($4.29 million), a fall of 60.1% from the previous year, citing operational pressures 
** However, the company expects profit growth and above 20% revenue increase for 2026 buoyed by semiconductor demand and strong aerospace and defence markets
** Up to yesterday's close, the stock has fallen ~6%
     
     
     
     
     
($1 = 0.7462 pounds)

(Reporting by Tuhina in Bengaluru)
((tuhina@thomsonreuters.com ;))