Soitec jump 11% after lifting outlook on AI optics demand (updated)

Soitec SA

03/09/2026 08:30

Updates with share move in early trade in 1st bullet, UBS commentary bullet 7
** Shares in Soitec SOIT.PA jump 11.7% in early trade after the French chip-materials maker raised its Q2 and full-year outlook, citing accelerating demand for wafers used in AI data-centre optical links
** The update follows a Reuters report in which CEO Laurent Remont called Soitec's prior guidance for Photonics-SOI revenue of more than $200 mln this year "absolutely a floor."
** Soitec now sees Q2 FY27 revenue rising about 50% year-on-year at constant currency and scope, versus prior guidance for growth of more than 30%
** It expects Photonics-SOI sales to reach about three times the roughly $25 mln reported a year earlier in Q2, while H1 sales are seen at about 2.3 times the prior-year $50 mln level
** FY27 Photonics-SOI revenue is now forecast at 2.5-3 times FY26 revenue of slightly more than $100 mln. That marks a material upgrade from its July outlook for the business to more than double this year
** J.P. Morgan analysts said in a note consensus earnings estimates should rise by around 5%, or "perhaps slightly more," following the update, but do not expect "very material upgrades" to FY27 estimates
** UBS analysts said the debate will now shift to the sustainability of Soitec's growth and profitability beyond 2027

 (Reporting by Nathan Vifflin in Gdansk)
 ((nathan.vifflin@thomsonreuters.com; gdansk.newsroom@thomsonreuters.com; +48 58 769 67 13;))