SOITEC REPORTS FY’25 THIRD QUARTER REVENUE

Core Insights - Soitec reported consolidated revenue of 226 million Euros for Q3 FY'25, reflecting a 6% decline year-on-year and a 10% decline at constant exchange rates [2][7][8] - The company adjusted its FY'25 revenue guidance to a high single-digit decrease year-on-year due to worsening conditions in the Automotive and Consumer markets [4][23] - The Mobile Communications division showed strong performance, while the Automotive and Industrial division faced significant challenges [3][13] Revenue Breakdown - Mobile Communications revenue reached 154 million Euros, up 11% at constant exchange rates compared to Q3 FY'24, driven by a healthier smartphone market [9][21] - Automotive & Industrial revenue was 25 million Euros, down 47% at constant exchange rates compared to Q3 FY'24, reflecting ongoing difficulties in the automotive market [13][21] - Edge & Cloud AI revenue was 47 million Euros, down 30% at constant exchange rates compared to Q3 FY'24, with varied performance across products [17][19] Market Conditions - The Automotive and Industrial division continues to be impacted by a weak automotive market, leading to inventory adjustments by customers [4][16] - Demand for Photonics-SOI wafers is strong, driven by high investments in cloud infrastructure, while sales of Imager-SOI wafers are declining due to product phase-out [18][19] - The company expects limited growth for FY'26 due to a lack of visibility on end markets [5][25] Strategic Developments - Soitec is enhancing its technology leadership and expanding into compound semiconductors, with significant growth in POI wafer sales [6][11] - The company announced a collaboration with GlobalFoundries for the production of high-performance RF-SOI semiconductors [31] - Soitec continues its research collaboration with MIT to strengthen its presence in the North American semiconductor sector [32]