Soitec 1

In Our Soil Grows An Amazing Future

Discover how Soitec's semiconductor materials bring unique value to smartphones, cars and connected devices.

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February 2024
Soitec reports FY'24 third quarter revenue
  • Q3’24 revenue reached €240m, down 12% at constant exchange rates and perimeter compared with Q3’23 - in line with our expectations

  • Inventory correction by our direct customers continued to weigh on Mobile communications

  • Strong growth maintained in Automotive & Industrial and sequential rebound achieved in Smart devices revenue

  • First nine months of FY’24 revenue reached €641m, down 14% both on a reported basis and at constant exchange rates and perimeter

  • FY’24 revenue guidance revised: revenue expected to be down around 10% year-on-year at constant exchange rates and perimeter, and EBITDA1 margin2 around 34%.

  • Our $2.1bn revenue ambition initially modeled for FY’26, will be postponed by around one year due to a weaker smartphone market than previously expected

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November 2023
Soitec reports second quarter revenue and first half results of fiscal year 2024
  • Q2’24 revenue reached €245m, down 7% at constant exchange rates and perimeter compared to Q2’23

  • H1’24 revenue at €401m, down 15% both at constant exchange rates and perimeter and on a reported basis compared with H1’23 - in line with guidance

  • H1’24 EBITDA margin stood at the robust level of 33% of revenue while the Company maintained significant investment in R&D

  • Anticipated return to a slight year-on-year organic growth in H2’24, leading to a moderate downward revision of FY24 outlook: mid-single digit decline in FY’24 revenue expected at constant exchange rate and EBITDA1 margin2 anticipated around 35%

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September 2023
Soitec opens new plant, positioning SmartSiC™ as a future electric-vehicle standard
  • Soitec inaugurates new production facility dedicated to SmartSiC™ substrates for future generations of electric vehicles

  • Soitec’s patented SmartCutTM technology allows each substrate to be used 10 times, reducing CO2 emissions during wafer manufacturing by 70%

  • Launch of new plant is a key step in execution of Soitec’s strategic plan, targeting a threefold increase in addressable markets by 2030

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July 2023
Soitec reports FY’24 first quarter revenue
  • Q1’24 revenue was at €157m, down 23% on a reported basis and down 24% at constant exchange rates and perimeter versus Q1’23
  • Automotive & Industrial revenue continued to deliver sharp growth whilst Smart devices maintained double digit growth
  • As anticipated, Mobile communications revenue were affected by the ongoing inventory correction across the smartphone market supply chain
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June 2023
Soitec Capital Markets Day 2023
  • Soitec confirms its FY’26 strategic roadmap: revenue expected around US$2.1bn and EBITDA margin around 40%, leading to a doubling of EBITDA
  • Expanded ambitions beyond FY’26, with sustainable development at the heart of Soitec’s value-creation strategy
  • Soitec’s addressable markets to triple by 2030 fueled by fast-growing semiconductor demand, higher engineered substrates penetration and product portfolio expansion
Financial results
June 2023
Soitec reports full year results of fiscal year 2023
  • Revenue reached €1.1bn, up 26% on a reported basis and up 19% at constant exchange rates and perimeter
  • EBITDA margin reached 36% of revenue, as expected
  • Current operating income increased by 37% year on year, to €267m
  • Free Cash Flow at €34m with significant investments in capacity increase