IQE (IQE) H1 2026 TU earnings summary

H1 2026 trading performance

• First half 2026 revenue expected to be at least £64m, surpassing management expectations.

• Strong demand across all core segments, especially for Indium Phosphide (InP) solutions.

• InP demand driven by optical photonics for data centres and AI infrastructure.

• Aerospace, defence, 3D sensing, and wireless products also contributed to revenue growth.

Full year 2026 outlook

• FY 2026 revenue growth now expected to exceed 30% year-on-year.

• Adjusted EBITDA projected in the low-teens £m range.

• Momentum from H1 anticipated to continue through H2 2026.

Financial position

• Remains bank-debt free with a cash position of £41.6m as of 30 June 2026.