Soitec Q3'26 Revenue Insights: Steady Execution Amid Market Fluctuations

Soitec reported a Q3'26 revenue of €160 million, reflecting an 18% sequential rise at constant exchange rates, outperforming guidance, but marking a 29% year-on-year reduction. The revenue downturn was primarily due to fluctuations in the Mobile Communications market, which faced an ongoing inventory correction in RF-SOI volumes. Despite this, the Edge & Cloud AI sector exhibited robust growth, with a 27% year-over-year increase, driven by demand in AI applications. Meanwhile, the Automotive & Industrial segment showed improvement from the previous quarter but remained lower year-on-year.

Looking ahead, Soitec projects a 20% growth in Q4'26 revenue sequentially. The company continues to navigate contrasting market dynamics by focusing on cost optimization and strategic investments in diversification for future growth. Notably, Soitec is managing its cash generation rigorously while planning for structural enhancements in its market approach.