Solaris Oilfield Infrastructure(US:SOI) Globenewswire·2025-11-19 16:45Core Insights - Soitec reported a consolidated revenue of €139 million for Q2'26, reflecting a 36% decline year-on-year, but a 47% increase sequentially [7][20][42] - The company is experiencing strong momentum in the Edge & Cloud AI segment, while facing challenges in Mobile Communications and Automotive markets [3][4][15] Financial Performance - Q2'26 revenue was down 36% compared to Q2'25, with Mobile Communications revenue at €76 million (down 39%), Automotive & Industrial at €11 million (down 68%), and Edge & Cloud AI at €52 million (down 14%) [6][8][11] - H1'26 revenue totaled €231 million, a decrease of 32% year-on-year, with Mobile Communications down 31%, Automotive & Industrial down 74%, and Edge & Cloud AI down 10% [20][21][22] - EBITDA for H1'26 was €79 million, down 30% year-on-year, with an EBITDA margin of 34.1% [24][27] Market Dynamics - The Mobile Communications segment is impacted by high RF-SOI inventories, while the Automotive & Industrial segment is affected by excess inventories and weak market conditions [8][11][12] - The Edge & Cloud AI division is benefiting from increased demand for low-power computing devices and energy-efficient data centers, with revenue growth supported by strong demand for FD-SOI and Photonics-SOI substrates [15][16][18] Strategic Initiatives - Soitec is focusing on improving cash generation and maintaining financial discipline amid inventory corrections [4][42] - The company is investing in strategic R&D to prepare for future growth and expansion into new markets [4][42] - A new organizational structure has been implemented to enhance product portfolio expansion and customer alignment [53] Outlook - Q3'26 revenue is expected to grow mid-to-high single-digit percentage sequentially, with continued challenges in Mobile Communications and a solid outlook for Edge & Cloud AI [42][43] - The company anticipates capital expenditure for FY26 to be around €140 million, down from previous guidance [44]