Q1 2025 Soitec SA Earnings Call Transcript
Key Points
- Soitec SA (SLOIF) reported a Q1 revenue of EUR92 million, which was slightly better than their guidance despite a 16% year-on-year decline.
- The company has diversified its product mix, with four technologies now generating around or more than $100 million annually, up from just one three years ago.
- Photonics-SOI posted another strong quarter, driven by investments in AI data infrastructures, becoming a key enabler for high-speed optical links.
- FD-SOI sales for 5G millimeter SoCs were significantly higher than in Q1 '25, reflecting growing adoption across key applications.
- Soitec SA (SLOIF) is actively managing inventories and production to restore a healthier balance between supply and demand, reinforcing their long-term competitive positioning.
- Q1 revenue declined by 16% year-on-year on an organic basis, primarily due to RF-SOI inventory correction and ongoing weakness in the automotive market.
- Automotive & Industrial revenue fell to EUR5 million, an 81% decline year-on-year, due to Power-SOI inventory replenishment pulling demand forward.
- The company is facing increased volatility in end markets and uncertainties around tariffs and geopolitical risks, impacting customer caution.
- Mobile Communications revenue was down 7% year-on-year on an organic basis, with RF-SOI sales declining as customers adjusted inventories.
- Soitec SA (SLOIF) expects continued pressure in the automotive sector and ongoing RF-SOI inventory correction, leading to a notable year-on-year revenue decline in Q2 '26.
Thank you. Good morning all, and welcome to Soitec's conference call dedicated to the publication of the revenue for the first quarter of our fiscal year 2026. This is a quarter covering the period from April to June 2025. I'm Pierre Barnabe, Soitec's CEO.
Together with me on this call are Albin Jacquemont, our CFO; and Steve Babureck, our EVP, Strategy.
I would like to take a moment to welcome Albin to Soitec. Albin has been with us for two months now. He brings his extensive experience across complex industrial and technology environment. He has a proven track record in financial transformation, working capital optimization, and value creation. He is already making an impact, and I'm confident his leadership will further strengthen our financial foundation.
Albin, would you like to say a few words?
Sure. Thank you very much, Pierre, for the kind words, and good morning to everyone. Very pleased to speak with you.
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