Soitec reports fiscal 2026 full-year results

June 4, 2026 -

Disciplined execution and restored free cash flow pave the way for sustainable, profitable growth

• +25% sequential revenue growth in Q4’26 at constant currency and scope vs. Q3’26, exceeding the c. 20% guidance
• €592m revenue in FY26, down -34% year-on-year on a reported basis (-30% at constant currency and scope), reflecting ongoing customer inventory correction
• Strong momentum in Photonics-SOI, a powerful growth driver addressing surging AI data center demand, with revenue above $100m in FY26
• FY26 EBITDA¹ margin² at 25.4% with return to positive Free Cash Flow of €63m, demonstrating disciplined execution and tight working capital management
• Net debt / EBITDA ratio of 0.4x, underscores a robust balance sheet
• Strategically positioned for expansion; poised to exploit growth opportunities with continued focus on execution and financial discipline
• Q1’27 revenue expected up around 15% year-on-year, at constant currency and scope; Soitec working to reduce revenue seasonality
• FY27 Capex cash-out expected around €100m, vs. €135m in FY26

Bernin (Grenoble), France – Soitec (Euronext Paris), a world leader in the design and manufacturing of innovative semiconductor materials, today reported its consolidated revenue for the fourth quarter and full-year results for fiscal year 2026 (period ended March 31^st, 2026).

Laurent Rémont, CEO of Soitec, commented:

“In a challenging and uncertain environment, Soitec’s FY26 performance reflects varied end-market dynamics and the Group’s deliberate actions to restore cash generation. In this context, Soitec has remained focused on disciplined execution, restoring positive Free Cash Flow and strengthening its financial position, as necessary steps toward sustainable, profitable growth. Our Q4’26 showed sequential improvement over Q3’26, above guidance, with continued momentum in AI-driven activities, in particular Photonics-SOI, a key pillar of the Group’s expansion into high-growth markets. Our priority, along with the team, is to build on these solid foundations with a clear commitment to value creation. I am confident that Soitec is well placed to thrive in a new chapter.”

Q4’26 Revenue - Sequential improvement

Q4'26 revenue by end-market

Soitec revenue reached €202 million in Q4’26, down -38% on a reported basis and -36% at constant currency and scope, year-on-year. The decrease was primarily driven by lower volumes amid ongoing customer RF-SOI inventory correction and automotive market weakness, as well as a negative mix/price effect, partially offset by strong traction in AI markets.

Revenue improved sequentially in Q4’26, boosted by seasonal demand factors, with 25% growth vs. Q3’26 at constant currency and scope, above the initial guidance of around 20%.

Performance was mixed across end-markets. Mobile Communications continues to face RF-SOI customer inventory correction in a declining smartphone market, while subdued Automotive & Industrial revenue reflects end-market weakness. AI commercial momentum remains strong, driven by increasing Photonics-SOI penetration in high-speed pluggable transceivers and growing volumes shipped for co-packaged optics (CPOs) industry qualifications, in preparation for the upcoming ramp-up.

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