Soitec posts annual sales above estimates (updated)

Soitec SA

27/05/2026 17:41

Adds CEO quote, quarterly revenue and Q1 forecast
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.
• "Our Q4 showed sequential improvement over Q3 above guidance, with continued momentum in AI-driven activities in particular photonics-SOI (silicon-on-insulator), a key pillar of the group’s expansion into high-growth markets," CEO Laurent Remont said in a statement. 
• Soitec's revenue fell 38% to 202 million euros in the fourth-quarter, but exceeded analysts' forecast of 193 million euros for the period. 
• Company expects first-quarter revenue to grow around 15% year-on-year at constant currency and scope basis in 2027, compared with 92 million euros a year earlier. 
  
($1 = 0.8598 euros)

 (Reporting by Ozan Ergenay in Gdansk, editing by Matt Scuffham)
 ((Ozan.Ergenay@thomsonreuters.com;))