France's Soitec FY26 revenue beats estimates

Soitec SA

27/05/2026 16:54

Overview
France semiconductor materials maker's FY26 revenue fell 34% but beat analyst expectations
Adjusted EBITDA margin dropped to 25.4% as customer inventory correction weighed on results
Company expects Q1'27 revenue to rise about 15% yr/yr at constant currency and scope

Outlook
Soitec expects Q1’27 revenue up around 15% year-on-year at constant currency and scope
Company expects FY27 capex cash-out around €100 mln, down from €135 mln in FY26
Soitec says FY27 profitability will be impacted by low fab loading, FX and lower funding

Result Drivers
CUSTOMER INVENTORY CORRECTION - Co said lower volumes, especially in Mobile Communications and Automotive & Industrial, reflected ongoing customer inventory correction and weak end-market demand
AI-DRIVEN GROWTH - Strong momentum in Photonics-SOI products for AI data centers boosted Edge & Cloud AI revenue, offsetting some weakness in other segments
COST DISCIPLINE - Strict cost controls and targeted Capex helped restore positive free cash flow despite lower profitability

Company press release: ID:nGNE8Q6P8R

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Beat
EUR 592 mln
EUR 584.56 mln (16 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 10 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Soitec SA is €42.50, about 74.5% below its May 26 closing price of €166.70
The stock recently traded at 625 times the next 12-month earnings vs. a P/E of 227 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)