Soitec sinks as 'underwhelming' Q3 guidance overshadows H1 beat

Soitec SA

20/11/2025 09:26

** Shares in French semiconductor wafer maker Soitec SOIT.PA slump 23% as "underwhelming" guidance overshadows otherwise better-than-expected H1 results

** Bernstein says the print is an "improbable mix of an in-line revenue with a strong margin beat and an underwhelming guidance"

   ** EBITDA margin for H1 2026 came in at 34.1% vs 27.5% forecast by analysts in a company-compiled consensus

 ** However, Q3 revenue guidance for a mid-to-high single-digit percentage rise organically q/q is 10% below Barclays analysts' estimates

       ** Bernstein adds it is hard to judge which way the consensus on EBITDA and EPS will move

   ** Weaknesses in automotive and mobile demand persists, Barclays says, putting at risk further growth perspectives in 2026 and 2027

   ** European chip stocks are up on Thursday, boosted by Nvidia results

   ** Shares hit their lowest since January 2017 and track the worst day since February 2025

(Reporting by Nathan Vifflin in Gdansk)

((nathan.vifflin@thomsonreuters.com; +48 58 769 67 13;))