Soitec reported revenue of €139 million for the second quarter of fiscal year 2026 (ended September 30, 2025), representing a 47% sequential increase on an organic basis. Compared to the same period last year, revenue declined by 36% both organically and on a reported basis.
For the first half of fiscal 2026, revenue totaled €231 million, reflecting a 29% organic and 32% reported decrease year-on-year. The results reflect diverging trends across business units: while the Edge & Cloud AI division grew 34% year-on-year (excluding the anticipated phase-out of Imager-SOI), the Mobile Communications and Automotive divisions continued to experience weaker demand.
Soitec is actively implementing targeted measures to enhance cash generation. In the first half, the company achieved an EBITDA margin of 34.1%, with EBITDA totaling €79 million—down 30% year-on-year. The net result was impacted by non-recurring items.
Looking ahead, Soitec expects third quarter FY26 revenue to increase by a mid-to-high single-digit percentage sequentially, on an organic basis.
Pierre Barnabé, Chief Executive Officer of Soitec, stated:
“Second-quarter performance aligned with our expectations and reflects current market dynamics: strong growth in Edge & Cloud AI, continued customer inventory adjustments in Mobile Communications, and subdued demand in the Automotive sector. We are taking deliberate steps to improve cash generation and continue to apply strong financial discipline.
At the same time, we are accelerating progress in innovation and diversifying our product portfolio. Our new organizational structure, focused on aligning product development closely with customer needs, positions Soitec for future expansion into both SOI and beyond-SOI markets. The company’s long-term growth potential remains robust in an industry expected to grow at a double-digit pace.”
Soitec remains committed to strategic R&D investments to support future product developments and address new high-growth markets.
Original – Soitec