Soitec Reports a Revenue of 160 Million Euros in the Third Quarter, Driven by AI
Soitec announced a consolidated revenue of 160 million euros for the third quarter of the fiscal year 2025-2026, ending December 31, 2025. The company recorded an 18% increase at constant scope and exchange rates compared to the previous quarter, while showing an annual decline of 29% in reported figures.
Quarterly Financial Performance
Soitec achieved a revenue of 160 million euros in the third quarter of the fiscal year 2025-2026, marking an 18% increase at constant scope and exchange rates compared to Q2 2026, exceeding the announced targets. In reported figures, this represents a year-on-year decline of 29%, reflecting a 22% decrease at constant scope and exchange rates and a negative currency impact of 7%. The group maintains a cautious approach towards the market environment, characterized by strong dynamics in Artificial Intelligence offset by the persistent weakness in the automotive sector and the ongoing adjustment of client inventories in RF-SOI. For Q4 2026, Soitec anticipates a revenue growth of about 20% at constant scope and exchange rates compared to Q3 2026. The group confirms its trajectory towards generating a positive Free Cash Flow for the fiscal year 2025-2026, while continuing rigorous cost and cash management with targeted investments in its technological roadmap.
Segment Performance
Mobile Communications revenue stood at 90 million euros in Q3 2026, accounting for 56% of the total revenue, down 36% at constant scope and exchange rates year-on-year. This decline reflects the continued reduction of client inventories, despite levels remaining high but in line with expectations. The Edge & Cloud AI segment recorded a robust performance with a revenue of 54 million euros, representing 34% of the total, up 27% at constant scope and exchange rates year-on-year, showing improvement from the previous quarter. This growth is driven by the demand for Artificial Intelligence applications in Edge and Cloud environments, as well as investments in Datacenter infrastructures. The Automotive & Industry segment generated 16 million euros, accounting for 10% of the revenue, down 32% at constant scope and exchange rates year-on-year, yet showing sequential improvement. The segment continues to be affected by the persistent weakness in the automotive market and surplus inventory levels at some clients. Over the first nine months of fiscal year 2025-2026, the consolidated revenue amounted to 390 million euros, down 31% in reported figures, reflecting the prolonged inventory correction. Excluding the planned discontinuation of Imager-SOI, the Edge & Cloud AI revenue for 9M 2026 grew by 29% at constant scope and exchange rates year-on-year.
Executive and Technological Developments
In January 2026, Soitec announced the appointment of Laurent Rémont as Chief Executive Officer effective April 1, 2026. Laurent Rémont, aged 54, is currently Senior Vice President at Infineon Technologies. He will join Soitec on April 1, 2026, succeeding Pierre Barnabé who will step down on March 31, 2026. Technologically, Quobly has made a significant step towards industrialization by announcing on December 9, 2025, that Soitec's FD-SOI 28Si substrates are now in production at STMicroelectronics' 300 mm plant in Crolles, France. This breakthrough marks a world first in the domain of FD-SOI with a 28Si-enriched channel and confirms the potential for accelerating the industrialization of quantum processor units.
