Soitec posts annual sales above estimates

Soitec SA

27/05/2026 16:57

May 27 (Reuters) - French semiconductor materials supplier Soitec SOIT.PA on Wednesday reported annual sales above market expectations despite continued customer inventory correction, demonstrating resilience in a weak chip market.
Revenue fell to 592 million euros ($688.5 million) in the year from 891 million euros a year earlier, but topped analysts' average estimate of 584 million euros in a company-provided  poll.
  
($1 = 0.8598 euros)

 (Reporting by Ozan Ergenay in Gdansk)
 ((Ozan.Ergenay@thomsonreuters.com;))