Soitec Reports Strong Q1 FY27 Revenue Growth

Soitec announced a 23% year-on-year increase in Q1'27 revenue, reaching €113 million. This growth exceeded expectations and was mainly driven by the acceleration in Photonics-SOI sales for AI data centers. Sales in this segment doubled compared to the previous year.

The Singaporean 300mm SOI fab has been qualified for high-volume Photonics-SOI production, enhancing Soitec's capacity to meet growing demand. Revenue in the Edge & Cloud AI market rose by 46%, spurred by an increased need for high-speed optical connectivity.

For Q2'27, Soitec forecasts over 30% revenue growth, fueled by demand for Photonics-SOI. Additionally, FY27 CAPEX is projected at €100 million, with expectations of more than doubling Photonics-SOI revenue from FY26, assuming stable AI market conditions.

Despite a 10% decrease in Mobile Communications revenue, notably due to inventory adjustments, the company continues seeing momentum in POI adoption. Soitec maintains an optimistic outlook, focusing on scaling production to support anticipated demand expansion.