Soitec (SOI) investor relations material

Executive summary

• Leadership transition underway, with Laurent Rémont appointed CEO effective April 1, 2026, as the company enters a new growth phase after successful diversification and stabilization.

• Q3'26 revenue reached €160 million, up 18% sequentially from Q2'26 at constant exchange rates and scope, but down 29% year-over-year as reported, exceeding guidance.

• Strong performance in Artificial Intelligence offset by continued weakness in Automotive and ongoing RF-SOI inventory correction.

• Focus remains on operational excellence, disciplined cost and cash management, and aligning capacity with demand amid challenging market conditions.

• The company has doubled R&D investment over four years, diversified its product portfolio, and rebuilt customer relationships globally.

Financial highlights

• Q3 revenue was EUR 160 million, down 22% year-over-year at constant scope and FX, and down 29% year-over-year as reported, with a 7% negative currency impact.

• Sequential revenue increased 18% organically from Q2, exceeding guidance.

• Nine-month revenue reached EUR 390 million, down 26% year-over-year organically and down 31% year-over-year as reported, mainly due to RF-SOI undershipment and inventory corrections.

• Mobile Communications contributed 56% of Q3'26 revenue, Edge & Cloud AI 34%, Automotive & Industrial 10%.

Outlook and guidance

• Q4 is expected to see around 20% organic revenue growth versus Q3 at constant exchange rates and scope.

• Mobile communications should improve sequentially, while Edge and Cloud AI is expected to maintain strong momentum, driven by demand for Photonics-SOI and FD-SOI wafers.

• Automotive and industrial will remain soft but benefit from seasonal deliveries and a specific contract.

• Cautious stance maintained on the market environment, especially regarding the smartphone market and inventory correction.