Q1 2024 Soitec SA Corporate Sales Call Transcript

Jul 26, 2023 / 06:00AM GMT
Operator

Hello, and welcome to the fiscal year 2024 First Quarter Revenue Conference Call. My name is Sharon, and I will be your coordinator for today's event. Please note this call is being recorded. (Operator Instructions) I will now hand you over to your host, Mr. Pierre Barnabe, CEO, to begin today's conference. Thank you.

Pierre Barnabe - Soitec SA - CEO & Director

Hello, everyone, and welcome to Soitec's conference call dedicated to the publication of the revenue for the first quarter of fiscal year 2024. This is a quarter covering the period from early April to the end of June 2023. I'm Pierre Barnabe, Soitec's CEO. Together with me on this call are Lea Alzingre, our CFO; and Steve Babureck, our SVP Strategy. As usual, we will start with a few comments on our figures. And after that, we will open the floor to questions. After record Q4 '23, our Q1 '24 revenue was down 23% year-on-year, in line with our expectations. As we commented in our previous disclosures, we expect the ongoing inventory corrections across the entire smartphone market supply chain to impact

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