{"success":true,"data":{"pressRelease":{"id":"46828","rtpr_id":"nGNE8Q6P8R","ticker":"SOIT","exchange":"Euronext Paris","all_tickers":["SOIT"],"title":"REG-Soitec Reports Fourth Quarter Revenue and Full-Year Results of Fiscal Year 2026","author":"Globe Newswire","published_at":"2026-05-27T15:45:54.879Z","article_body":"SOITEC REPORTS FISCAL 2026 FULL-YEAR RESULTS\n\nDISCIPLINED EXECUTION AND RESTORED FREE CASH FLOW\nPAVE THE WAY FOR SUSTAINABLE, PROFITABLE GROWTH\n* +25% sequential revenue growth in Q4’26 at constant currency and scope vs.\nQ3’26, exceeding the c. 20% guidance\n* €592m revenue in FY26, down -34% year-on-year on a reported basis (-30% at\nconstant currency and scope), reflecting ongoing customer inventory correction\n* Strong momentum in Photonics-SOI, a powerful growth driver addressing\nsurging AI data center demand, with revenue above $100m in FY26\n* FY26 EBITDA(1) margin(2) at 25.4% with return to positive Free Cash Flow of\n€63m, demonstrating disciplined execution and tight working capital\nmanagement\n* Net debt / EBITDA ratio of 0.4x, underscores a robust balance sheet\n* Strategically positioned for expansion; poised to exploit growth\nopportunities with continued focus on execution and financial discipline\n* Q1’27 revenue expected up around 15% year-on-year, at constant currency\nand scope; Soitec working to reduce revenue seasonality\n* FY27 Capex cash-out expected around €100m, vs. €135m in FY26\nBernin (Grenoble), France, May 27(th), 2026 – Soitec (Euronext Paris), a\nworld leader in the design and manufacturing of innovative semiconductor\nmaterials, today reported its consolidated revenue for the fourth quarter and\nfull-year results for fiscal year 2026 (period ended March 31(st), 2026).\n\nLaurent Rémont, CEO of Soitec, commented:\n“In a challenging and uncertain environment, Soitec’s FY26 performance\nreflects varied end-market dynamics and the Group’s deliberate actions to\nrestore cash generation. In this context, Soitec has remained focused on\ndisciplined execution, restoring positive Free Cash Flow and strengthening its\nfinancial position, as necessary steps toward sustainable, profitable growth.\nOur Q4’26 showed sequential improvement over Q3’26, above guidance, with\ncontinued momentum in AI-driven activities, in particular Photonics-SOI, a key\npillar of the Group’s expansion into high-growth markets. Our priority,\nalong with the team, is to build on these solid foundations with a clear\ncommitment to value creation. I am confident that Soitec is well placed to\nthrive in a new chapter.”\n\nQ4’26 Revenue - Sequential improvement\n\nQ4'26 revenue by end-market\n\n Q4’26 Q4’25 Q4’26/Q4’25 \n \n (Euros millions) change reported chg. at const. FX & scope \n \n Mobile Communications 100 220 -54% -52% \n Edge & Cloud AI 64 63 +2% +6% \n Automotive & Industrial 38 45 -16% -12% \n \n Revenue 202 328 -38% -36% \n\nSoitec revenue reached €202 million in Q4’26, down -38% on a reported\nbasis and -36% at constant currency and scope, year-on-year. The decrease was\nprimarily driven by lower volumes amid ongoing customer RF-SOI inventory\ncorrection and automotive market weakness, as well as a negative mix/price\neffect, partially offset by strong traction in AI markets.\n\nRevenue improved sequentially in Q4’26, boosted by seasonal demand factors,\nwith 25% growth vs. Q3’26 at constant currency and scope, above the initial\nguidance of around 20%.\n\nPerformance was mixed across end-markets. Mobile Communications continues to\nface RF-SOI customer inventory correction in a declining smartphone market,\nwhile subdued Automotive & Industrial revenue reflects end-market weakness. AI\ncommercial momentum remains strong, driven by increasing Photonics-SOI\npenetration in high-speed pluggable transceivers and growing volumes shipped\nfor co-packaged optics (CPOs) industry qualifications, in preparation for the\nupcoming ramp-up.\n\nMobile Communications (c. 50% of total Q4’26 revenue) - Ongoing volume\nimpact from customer RF-SOI destocking; POI adoption gains momentum\n\nMobile Communications revenue came in at €100 million in Q4’26, down -52%\nyear-on-year at constant currency and scope. A significant volume decline,\nreflecting customer destocking, was accompanied by a slightly positive mix\neffect.\n\nRF-SOI sales declined year-on-year amid ongoing customer inventory reduction.\nThe correction is unfolding in line with our expectations, although\ninventories remain high. In this context, Soitec is strengthening its\ntechnological differentiation, continuing to serve as an industry standard.\n\nPOI (Piezoelectric-on-Insulator) sales grew both year-on-year and\nsequentially, as Tier-1 US fabless adoption continued to offset softer demand\nin Asia. POI is gaining further traction in advanced SAW filters for 5G\nsmartphones, with medium-term visibility enhanced by the long-term agreement\nrecently signed with Skyworks, reinforcing POI’s positioning as a key\nsubstrate for next-generation architectures.\n\nFD-SOI sales remained subdued, while showing continued progress in adoption,\nsupported by key design wins in next-generation connectivity solutions. 5G\nmmWave applications continued to progress, supported by the major win secured\nlast quarter for US flagship smartphones, and reflecting sustained customer\nengagement.\n\nEdge & Cloud AI (c. 32% of total Q4’26 revenue) - Positive momentum from AI\napplications\n\nEdge & Cloud AI revenue reached €64 million in Q4’26, up +6% year-on-year\nat constant currency and scope. This increase reflects a positive volume\neffect.\n\nPhotonics-SOI sales recorded strong growth year-on-year, supported by\nsustained investment in cloud infrastructure for AI applications. Momentum was\ndriven by increasing adoption of silicon photonics solutions for high-speed,\nhigh-bandwidth optical transceivers.\n\nPhotonics-SOI remains a prime growth engine and a key pillar of the Group’s\nincreasing exposure to AI-related markets. Demand is supported by structural\nadoption of optical interconnects in next-generation data center\narchitectures. Soitec’s ability to deliver high-end and differentiated\nproducts to AI infrastructure value chain supports the Group’s strong\nposition in pluggable transceivers and growing traction from co-packaged\noptics architectures.\n\nFD-SOI sales were broadly stable year-on-year, with an unfavorable comparison\nbasis, and underlying adoption momentum remains strong. FD-SOI technology\nremains a key enabler for AI embedded consumer, industrial, and healthcare IoT\napplications, offering unique advantages in power efficiency, performance,\nthermal management and reliability. Strong customer appetite, supported by a\nlong-term agreement with a key customer, secures important visibility for the\nGroup.\n\nAutomotive & Industrial (c. 19% of total Q4’26 revenue) - Customers managing\ninventories in soft demand environment\n\nAutomotive & Industrial revenue came to €38 million in Q4’26, down -12%\nyear-on-year at constant currency and scope compared with Q4’25. The decline\nprimarily reflects continued end-market weakness and customer inventory levels\nexceeding historical averages across the supply chain. Until we see clear\nsigns of end market recovery and customer inventory normalization, Soitec\nautomotive momentum should remain subdued.\n\nSales of Power-SOI, used in smart power management for electric vehicles,\ndeclined in Q4’26 on a year-on-year basis, reflecting continued end-market\nweakness and cautious ordering patterns. Delivery phasing under a long-term\nagreement with a key customer results in a volume and revenue concentration in\nQ4.\n\nSales of FD-SOI were broadly stable year-on-year, driven by growing volumes\nfor Auto grade MCUs. Looking ahead, as ADAS adoption scales, the technology is\nproving critical for analog and mixed-signal demands of radars and\nmicrocontrollers, allowing next-generation vehicles to perceive and respond to\ntheir environment with superior power efficiency. FD-SOI is redefining\nautomotive radar performance, enabling the fusion of precision sensing with AI\nprocessing at the edge.\n\nFY26 consolidated revenue - Volume-driven decline with contrasted end-market\ndynamics\n\nFY26 revenue by end-market\n\n FY26 FY25 FY26 / FY25 \n (Euros millions) change reported chg. at const. FX & scope \n \n Mobile Communications 309 546 -43% -41% \n Edge & Cloud AI 214 216 -1% +8%* \n Automotive & Industrial 69 129 -47% -44% \n \n Revenue 592 891 -34% -30% \n\n*Edge & Cloud AI up +19% excluding Imager-SOI\n\nConsolidated annual revenue came to €592 million in FY26, down -34%\nyear-on-year as reported. This breaks down into a -30% decline at constant\ncurrency and scope, with a -1% scope effect and a -3% currency impact.\n\nThe full-year performance reflects a contraction in volumes, in an environment\nthat remains contrasted across end-markets. Strong Edge & Cloud AI revenue\ngrowth, driven by an increasing Photonics-SOI contribution, was offset by\nweaker revenue from Mobile Communications and Automotive & Industrial.\n\nMobile Communications revenue came in at €309 million in fiscal year 2026,\ndown -41% year-on-year at constant currency and scope. The decline was mainly\ndriven by lower RF-SOI volumes, in line with the continued correction of\ncustomer inventory levels throughout the year.\n\nEdge & Cloud AI revenue reached €214 million in fiscal year 2026, up +8%\nyear-on-year at constant currency and scope. Excluding Imager-SOI, Edge &\nCloud AI revenue was up +19% year-on-year at constant currency and scope. This\nevolution reflects positive volume and product mix dynamics, notably in\nphotonics-related activities, as well as the contribution of FD-SOI in Edge AI\napplications. Strong Photonics-SOI growth momentum continues, with revenue\nrising above $100 million in FY26, earlier than initially anticipated, marking\nan important step in Soitec’s expansion into high-growth AI data center\narchitectures.\n\nAutomotive & Industrial revenue came in at €69 million in fiscal year 2026,\ndown -44% year-on-year at constant currency and scope. The decline was\nprimarily driven by lower volumes in a subdued market environment, compounded\nby excess customer inventory.\n\nWhile AI tailwinds are supporting our entire portfolio, FD-SOI and\nPhotonics-SOI stand out as direct AI-enablers, delivering a combined\nyear-on-year increase of +25%. These technologies directly address critical\nlevels of the AI infrastructure: high-speed data centers and power-sensitive\nembedded processing, notably in IoT and wearables. This performance\nunderscores accelerated demand in AI and the industry’s shift toward a\nhybrid architecture, positioning Soitec as a central enabler of seamless\nprocessing from the high-performance Cloud to the energy-efficient Edge.\n\nFY26 profitability impacted by inventory reduction in a challenging\nenvironment\n\nConsolidated income statement (part 1)\n\n (Euros millions) FY26 FY25 % change \n \n Revenue 592 891 -34% \n \n Gross profit 96 286 -66% \n As a % of revenue 16.3% 32.1% \n \n Net research and development expenses (45) (85) -47% \n Selling, general and administrative expenses (59) (65) -10% \n \n Current operating income / (loss) (8) 136 \n As a % of revenue (1.3)% 15.2% \n \n Other operating expenses (123) (16) \n \n Operating income / (loss) (131) 119 \n \n EBITDA (1) 151 298 -49% \n As a % of revenue 25.4% 33.5% \n\nGross profit came in at €96 million (16.3% of revenue), down from €286\nmillion in FY25 (32.1% of revenue). This decline primarily reflects:\n* A deliberate reduction in production levels to align with our\ninventory-reduction objectives and end-market demand;\n* an unfavorable price/mix environment;\n* a negative currency impact;\n* lower sales volumes, notably in RF-SOI, amid continued customer inventory\ncorrection.\nThese effects were partially offset by continued cost discipline and\nindustrial efficiency measures.\n\nCurrent operating result came in at a loss of €8 million in FY26, compared\nwith a positive €136 million in FY25, mainly reflecting the decline in gross\nprofit, partially offset by reduced operating expenses.\n* Net R&D expenses decreased to €45 million (7.6% of revenue) from €85\nmillion (9.5%). Gross R&D costs before capitalization decreased 25% to €114\nmillion, largely resulting from reduced procurement of raw materials and the\ndiscontinuation of costs relating to Dolphin Design, divested in FY25. The\nGroup continued to benefit from higher subsidies and research tax credits,\nwhile protecting focused innovation to support future profitable growth;\n* SG&A expenses decreased to €59 million (10.0% of revenue) from €65\nmillion (7.3%), reflecting continued strict cost discipline, including lower\nvariable compensation and share-based payments, as well as the divestment of\nDolphin Design.\nOther operating expenses totaled €123 million, mainly reflecting €105\nmillion of non-recurring impairment charges, including €41 million related\nto SmartSiC™ assets, €29 million on the Pasir Ris extension in Singapore,\nthe impairment of long-term supplier advances and an earn-out loss related to\nthe Dolphin Design disposal. As a result, Soitec recorded an operating loss of\n€131 million in FY26, compared with positive operating income of €119\nmillion in FY25.\n\nEBITDA(1) declined to €151 million in FY26 from €298 million in FY25. The\nEBITDA margin(2) decreased to 25.4% of revenue (33.5% in FY25). The margin\nerosion was contained by strict cost discipline and operational adjustments\nimplemented throughout the year.\n\nConsolidated income statement (part 2)\n\n (Euros millions) FY26 FY25 \n \n Operating income / (loss) (131) 119 \n \n Net financial result / (loss) (31) (9) \n Income tax (61) (19) \n \n Net profit / (loss) from continuing operations (222) 91 \n Net profit from discontinued operations 2 1 \n \n Net profit / (loss), Group share (220) 92 \n Current net profit / (loss) (3) (14) 109 \n \n \n Basic earnings per share (in €) (6.17) 2.57 \n Diluted earnings per share (in €) (6.17) 2.56 \n Current earnings (3)per share (in €) (0.38) 3.07 \n \n \n Weighted average number of ordinary shares 35,674,488 35,670,651 \n Weighted average number of diluted ordinary shares 35,674,488 35,868,688 \n\nThe net financial result was a loss of €31 million in FY26 (compared with a\nloss of €9 million in FY25), reflecting €23 million of interest expenses\nand a €17 million one-off foreign exchange loss recorded in Q1’26, mainly\nresulting from the revaluation of balance sheet foreign exchange exposure in\nrelation to US dollar depreciation, partly offset by €13 million of\nfinancial income. Previous company policy was to protect the income statement\nagainst foreign exchange exposure; following a comprehensive review, balance\nsheet foreign exchange exposure is now hedged.\n\nIncome tax expense came in at €61 million in FY26, compared with €19\nmillion in FY25, mainly reflecting the decrease in recognized deferred tax\nassets relating to loss carryforwards.\n\nThe current net result(3) was a loss of €14 million in FY26, compared with a\nprofit of €109 million in FY25, mainly as a result of the deterioration in\noperating income, non-recurring impairment charge of €105m and higher\nfinancial expenses.\n\nThe net result (Group share) was a loss of €220 million in FY26, compared\nwith a profit of €92 million in FY25.\n\nPositive Free Cash Flow achieved through disciplined Working Capital and Capex\nmanagement\n\nConsolidated cash-flows\n\n (Euros millions) FY26 FY25 \n \n Continuing operations \n EBITDA (1) 151 298 \n \n Inventories 24 (47) \n Trade receivables 145 (30) \n Trade payables (122) (6) \n Other receivables and liabilities 1 4 \n \n Change in working capital 49 (79) \n Tax paid 3 (17) \n \n Net cash generated by operating activities 202 202 \n \n Capital expenditure (135) (230) \n Net interest and other financial expenses (4) 5 \n \n Free Cash Flow 63 (23) \n\nFree Cash Flow returned to a positive €63 million in FY26, compared with a\nnegative €23 million in FY25, marking a key milestone in the Group’s\nfinancial roadmap in a challenging market environment.\n\nOperating cash flow came in at €202 million, stable year-on-year, as the\nimpact of lower EBITDA(1) was offset by reduced working capital and lower tax\npayments.\n\nThe change in working capital was driven by a combination of proactive\nmanagement actions and activity-related effects, resulting in:\n* €71 million year-on-year improvement in the inventory contribution to\nworking capital;\n* €175 million year-on-year improvement in the trade receivables\ncontribution to working capital;\n* €116 million year-on-year deterioration in the trade payables contribution\nto working capital, reflecting lower activity.\nCapital expenditure was down -41% year-on-year at €135 million, as the Group\npursued a more targeted investment framework, following several years of\ncapacity expansion, focused mainly on addressing the market opportunities in\nPhotonics-SOI and POI. Capex moderation, combined with strict working capital\nmanagement, was a key contributor to restoring a positive Free Cash Flow.\n\nThis performance demonstrates the Group’s ability to act decisively to\nimprove operational execution and cash generation, laying the foundations for\nsustainable and profitable growth.\n\nRobust balance sheet and strong liquidity profile\n\nSoitec maintained a solid balance sheet as of March 31(st), 2026, supported by\nrestored Free Cash Flow generation and a disciplined financial execution.\n\nGross financial debt totaled €620 million, reflecting the full repayment of\n€325 million of OCEANE 2025 convertible bonds, partly offset by the issuance\nof a €222 million Schuldschein loan.\n\nCash and cash equivalents stood at €562 million at the end of FY26,\nmaintaining a strong liquidity position. Net financial debt(4) decreased to\n€56 million, compared with €94 million a year earlier, reflecting the\npositive Free Cash Flow generation.\n\nThe Group maintains a well-balanced debt maturity profile, with an average\nmaturity of 3.7 years, a 3.07% average cost of debt and €120 million of\nundrawn credit lines, providing significant financial flexibility.\n\nThe net debt-to-EBITDA(1) ratio stood at 0.4x, underscoring the Group’s\nsound financial structure and its capacity to support future profitable\ngrowth.\n\nFY27 Outlook\n\nSoitec expects Q1’27 revenue up around 15% at constant currency and scope\nyear-on-year, in part reflecting actions to reduce seasonality. Sequential\nimprovement throughout the rest of FY27 is therefore expected to be less\npronounced than in previous years.\n\nPhotonics-SOI momentum is accelerating and we are mobilizing our industrial\nfootprint to address growing customer demand and volume ramp-up. The\ntrajectory remains shaped by multiple possible outcomes; we are managing that\nuncertainty with ambition, flexibility and discipline.\n\nSoitec has hedged approximately 95% of its FY27 foreign exchange net exposure\nat an average rate of 1.19 €/$.\n\nFY27 profitability is expected to be impacted by low fab loading, FX and lower\nfunding.\n\nFY27 Capex cash-out is expected to be around €100 million, compared to\n€135 million in FY26, reflecting a disciplined and selective investment\napproach.\n\nSoitec remains focused on executing on its key operational levers, including\nproduct portfolio expansion and cost structure adaptation, while maintaining\nstrict control over working capital and Capex. Upon completion of RF-SOI\ncustomer inventory correction, these actions are expected to position the\nGroup for margin expansion and improved cash conversion, and the resumption of\na sustainable, profitable growth trajectory.\n\nKey events of Q4’26\n\nSoitec and NSIG agree extension of licensing framework\n\nOn March 13(th), 2026, Soitec and Shanghai-based National Silicon Industry\nGroup Co., Ltd. (NSIG) agreed to a 10-year extension to their manufacturing\nand commercial licensing framework, in response to growing Chinese demand for\nSoitec SOI products and technologies.\n\nThe agreement with NSIG subsidiaries Simgui and Simwings extends the existing\nlicensing framework underpinning their long-standing partnership, with no new\ntechnology transfer and a joint commitment to strengthen Soitec’s SOI\nintellectual property rights in China. It reinforces Soitec’s position in\nChina’s fast-growing engineered substrates market.\n\nSoitec Secures Multi-Year Agreement to Supply POI Wafers for Skyworks’ Sky5\nPlatform\nOn March 5(th), 2026, Soitec announced a multi-year agreement to secure volume\nproduction of state-of-the-art Piezoelectric-on-Insulator (POI) wafers for\nSkyworks Solutions. This agreement extends the long-standing relationship\nbetween the companies and ensures a reliable, long-term wafer supply to\nsupport Skyworks’ future needs.\n\nUnder the agreement, Soitec will provide POI wafers for Skyworks’ Sky5\nplatform to address the demanding RF requirements of today’s 5G smartphones.\nWell-suited for high-volume manufacturing, the technology offers compactness,\nrobustness, and compatibility with advanced packaging and assembly flows for\nFront-End modules. Soitec POI provides the breakthrough performance necessary\nto ensure seamless advanced coexistence in increasingly dense signal\nenvironments up to 3+ GHz.\n\nKey post-closing events\n\nLaurent Rémont took office as Soitec CEO on April 1(st)\nFollowing a transition period that began in mid-March, Laurent Rémont\nofficially succeeded Pierre Barnabé as CEO of Soitec on April 1(st), 2026.\n\nHis international career reflects his deep expertise in technologies and\nmarkets that are key to Soitec, such as mobile communications, automotive and\nartificial intelligence. He also brings extensive experience in managing\ntechnological and industrial activities.\n\nThis appointment demonstrates the Board of Directors' intent to pursue the\nGroup’s development, building on the foundations laid in recent years, to\nenhance the value of its diversified product and technology portfolio,\nparticularly around artificial intelligence, and seize semiconductor market\nopportunities.\n\nProposed appointment of Didier Fontaine as an independent director\nUpon recommendation of the Compensation, Nominations and Board Governance\nCommittee, the Board of Directors will submit the following proposals to a\nshareholder vote at the Annual General Meeting of July 29(th), 2026:\n* The appointment, for a three-year term, of Laurent Rémont, Chief Executive\nOfficer, as a non-independent director and of Didier Fontaine as an\nindependent director, replacing Maude Portigliatti, whose term of office will\nexpire at the close of the upcoming Annual General Meeting;\n* The reappointments, for a three-year term, of Christophe Gégout and\nDelphine Segura Vaylet, as independent directors.\nSubject to shareholder approval of their appointments, Laurent Rémont will\njoin the Strategic Committee, and Didier Fontaine will join the Audit and\nRisks Committee as well as the Strategic Committee. Christophe Gégout will\ncontinue to chair the Audit and Risks Committee until April 19(th), 2027, and\nDelphine Segura Vaylet will continue to chair the Compensation, Nominations\nand Board Governance Committee. Both will also continue to serve on the\nStrategic Committee and the Sustainability Committee.\n\nDidier Fontaine is Chief Operating Officer of the IDEMIA group, in charge of\nFinance, Legal, Strategy, M&A, IT, and Purchasing. He brings over 25 years of\nexecutive experience within major international groups, notably in Chief\nFinancial Officer roles at Plastic Omnium (now OPmobility), Constellium,\nZodiac Aerospace, and Verallia Packaging. He also brings capital markets and\ninvestor relations experience, gained notably through Constellium’s IPO on\nthe New York Stock Exchange and Verallia’s IPO on Euronext.\n\nHis appointment will strengthen the Board's expertise in financial oversight,\nwhile bringing complementary experience in strategic transformation within\ninternational industrial and technological groups. The Board of Directors\nwould like to thank Maude Portigliatti for her contribution to the Board's\nwork throughout her term.\n\nFollowing the Annual General Meeting and subject to the adoption of the\ncorresponding resolutions, the Board of Directors of Soitec would be composed\nof 13\n\nmembers, including the Chief Executive Officer, 7 independent directors, 5\nwomen, and 2 directors representing the employees.\n\nAll resolutions submitted to a shareholder vote, as well as detailed\ninformation regarding Soitec's governance, will be presented in the Company's\n2025-2026 Universal Registration Document, which will be filed with the AMF on\nJune 10(th), 2026.\n\n# # #\n\nFY26 results will be presented during an analyst and investor meeting in Paris\non May 28(th), 2026, at 2pm CET. The meeting will be held in English.\n\nThe live webcast will be available on:\nhttps://soitec.engagestream.euronext.com/20260528-full-year-2026\n\nThe investor presentation is available for download on:\nhttps://www.soitec.com/home/investors/full-year-results-of-fiscal-year-2025---2026\n\n# # #\n\n2026 Annual General Meeting\n\nAt its meeting today, the Board of Directors decided to convene the Annual\nGeneral Meeting of shareholders on July 29(th), 2026.\n\nQ1’27 Revenue\n\nQ1’27 Revenue is due to be published on July 28(th), 2026, after market\nclose.\n\n# # #\n\nDisclaimer\n\nThis document is provided by Soitec (the “Company”) for information\npurposes only.\n\nThe Company’s business operations and financial position are described in\nthe Company’s Universal Registration Document (which notably includes the\nAnnual Financial Report). The 2025-2026 Universal Registration Document will\nbe filed on June 10(th), 2026, with the French stock market authority\n(Autorité des Marchés Financiers, or AMF). The French versions of the\n2025-2026 Universal Registration Document, together with English courtesy\ntranslation for information purposes, will be available for consultation on\nJune 10(th), 2026, on the Company’s website (www.soitec.com), in the section\nInvestors - Regulated information - Financial Reports.\n\nYour attention is drawn to the risk factors described in Chapter 2.1 (Risk\nfactors and controls mechanism) of the Company’s Universal Registration\nDocument.\n\nThis document contains summary information and should be read in conjunction\nwith the Universal Registration Document.\n\nThis document contains certain forward-looking statements. These\nforward-looking statements relate to the Company’s future prospects,\ndevelopments and strategy and are based on analyses of earnings forecasts and\nestimates of amounts not yet determinable. By their nature, forward-looking\nstatements are subject to a variety of risks and uncertainties as they relate\nto future events and are dependent on circumstances that may or may not\nmaterialize in the future. Forward-looking statements are not a guarantee of\nthe Company’s future performance. The occurrence of any of the risks\ndescribed in Chapter 2.1 (Risk factors and controls mechanism) of the\nUniversal Registration Document may have an impact on these forward-looking\nstatements.\n\nThe Company’s actual financial position, results and cash flows, as well as\nthe trends in the sector in which the Company operates may differ materially\nfrom those contained in this document. Furthermore, even if the Company’s\nfinancial position, results, cash-flows and the developments in the sector in\nwhich the Company operates were to conform to the forward-looking statements\ncontained in this document, such elements cannot be construed as a reliable\nindication of the Company’s future results or developments.\n\nThe Company does not undertake any obligation to update or make any correction\nto any forward-looking statement in order to reflect an event or circumstance\nthat may occur after the date of this document.\n\nThis document does not constitute or form part of an offer or a solicitation\nto purchase, subscribe for, or sell the Company’s securities in any country\nwhatsoever. This document, or any part thereof, shall not form the basis of,\nor be relied upon in connection with, any contract, commitment or investment\ndecision.\n\nNotably, this document does not constitute an offer or solicitation to\npurchase, subscribe for or to sell securities in the United States. Securities\nmay not be offered or sold in the United States absent registration or an\nexemption from the registration under the U.S. Securities Act of 1933, as\namended (the “Securities Act”). The Company’s shares have not been and\nwill not be registered under the Securities Act. Neither the Company nor any\nother person intends to conduct a public offering of the Company’s\nsecurities in the United States.\n\n# # #\n\nAbout Soitec\n\nSoitec (Euronext - Tech Leaders - SBF 120), a world leader in innovative\nsemiconductor materials, has been developing cutting-edge products delivering\nboth technological performance and energy efficiency for over 30 years. From\nits global headquarters in France, Soitec is expanding internationally with\nits unique solutions, and generated revenue of 600 million euros in fiscal\nyear 2025-2026. Soitec occupies a key position in the semiconductor value\nchain, serving three main strategic markets: Mobile Communications, Automotive\nand Industrial, and Edge and Cloud AI. The company relies on the talent and\ndiversity of nearly 2,000 employees, representing 50 different nationalities,\nworking at its sites in Europe, the United States and Asia. Nearly 4,800\npatents have been registered by Soitec.\n\nSoitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.\n\nFor more information: https://www.soitec.com/en/ and follow us on X:\n@Soitec_Official\n\n# # #\n\nInvestor\nRelations:                                                Media\nRelations:\n\ninvestors@soitec.com\n                                        media@soitec.com\n\n# # #\n\nFinancial information and consolidated financial statements in appendix\ninclude:\n\n- Consolidated revenue per quarter\n\n- FY26 consolidated income statement\n\n- Balance sheet at March 31(st), 2026\n\n- FY26 consolidated cashflows\n\nConsolidated revenue per quarter\n\n Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 FY25 FY26 \n (Euros millions) \n Mobile Communications 48 124 154 220 43 76 90 100 546 309 \n Edge & Cloud AI 46 61 47 63 44 52 54 64 216 214 \n Automotive & Industrial 26 33 25 45 5 11 16 38 129 69 \n Revenue 120 218 226 328 92 139 160 202 891 592 \n\n\n\n Change in quarterly revenue Q1’26/Q1’25 Q2’26/Q2’25 Q3’26/Q3’25 Q4’26/Q4’25 FY26 / FY25 \n (Change vs. previous year) Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope \n Mobile Communications -12% -7% -38% -39% -42% -36% -54% -52% -43% -41% \n Edge & Cloud AI -4% +13% -14% -9% +15% +27% +2% +6% -1% +8% \n Automotive & Industrial -82% -81% -68% -68% -37% -32% -16% -12% -47% -44% \n Revenue -24% -16% -36% -36% -29% -22% -38% -36% -34% -30% \n\nConsolidated financial statements for FY26\n\nConsolidated income statement\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Revenue 592 891 \n Cost of sales (496) (605) \n Gross profit 96 286 \n Net research and development expenses (45) (85) \n General, sales and administrative expenses (59) (65) \n Current operating income / (loss) (8) 136 \n Other operating expenses (123) (16) \n Operating income / (loss) (131) 119 \n Financial income 13 19 \n Financial expenses (43) (28) \n Net financial expense (31) (9) \n Profit before tax (161) 110 \n Income tax (61) (19) \n Net profit from continuing operations (222) 91 \n Net profit from discontinued operations 2 1 \n Consolidated net profit (220) 92 \n Net profit, Group share (220) 92 \n Current net profit / (loss) (3) (14) 109 \n\n\n\n Basic earnings per share (in €) (6.17) 2.57 \n Diluted earnings per share (in €) (6.17) 2.56 \n Current earnings (3)per share (in €) (0.38) 3.07 \n Weighted average number of ordinary shares 35,674,488 35,670,651 \n Weighted average number of diluted ordinary shares 35,674,488 35,868,688 \n\nBalance sheet\n\nBalance sheet as of March 31(st), 2025 has been restated. In accordance with\nIAS 8, Soitec has retrospectively reclassified certain consigned raw materials\nas inventories, with a corresponding amount recorded as trade payables, to\nreflect the transfer of control upon receipt at its sites.\n\n Assets March 31 (st), 2026 March 31 (st), 2025 Restatement March 31 (st), 2025 published \n (Euros millions) \n \n Non-current assets \n Intangible assets 94 130 - 130 \n Property, plant and equipment 893 1,003 - 1,003 \n Non-current financial assets 20 30 - 30 \n Other non-current assets 42 73 - 73 \n Deferred tax assets 6 59 - 59 \n Total non-current assets 1,056 1,295 - 1,295 \n \n Current assets \n Inventories 220 268 37 231 \n Trade receivables 280 463 - 463 \n Other current assets 160 124 - 124 \n Current financial assets 3 7 - 7 \n Cash and cash equivalents 562 688 - 688 \n Total current assets 1,225 1,549 37 1,512 \n \n Total assets 2,282 2,844 37 2,807 \n\n\n\n Equity and liabilities March 31 (st), 2026 March 31 (st), 2025 Restatement March 31 (st), 2025 published \n (Euros millions) \n \n Equity \n Share capital 72 71 - 71 \n Share premium 228 228 - 228 \n Reserves and retained earnings 1,059 1,280 - 1,280 \n Other reserves (32) 15 - 15 \n Equity-Group share 1,327 1,595 - 1,595 \n Total equity 1,327 1,595 - 1,595 \n \n Non-current liabilities \n Non-current financial debt 517 375 - 375 \n Provisions and other non-current liabilities 122 94 - 94 \n Total non-current liabilities 639 469 - 469 \n \n Current liabilities \n Current financial debt 103 406 - 406 \n Trade payables 53 190 37 153 \n Provisions and other current liabilities 160 185 - 185 \n \n Total current liabilities 315 780 37 743 \n \n Total equity and liabilities 2,282 2,844 37 2,807 \n\nConsolidated cash flows\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Consolidated net profit (220) 92 \n of which continuing operations (222) 91 \n Depreciation and amortization expense 138 140 \n Impairment / (reversals of impairments) assets 105 - \n Provision expense / (reversals), net 24 6 \n Provisions expense / (reversals) for retirement benefit obligations, net 1 0 \n (Gains) / losses on disposals of assets 7 15 \n Income tax 61 19 \n Net financial expense 31 9 \n Share-based payments (1) 11 \n Other non-cash items 7 7 \n Non-cash items related to discontinued operations (2) (1) \n EBITDA (1) 151 298 \n of which continuing operations 151 298 \n Inventories 24 (47) \n Trade receivables 145 (30) \n Trade payables (122) (6) \n Other receivables and payables 1 4 \n Income tax received / (paid) 3 (17) \n Changes in working capital and income tax paid related to discontinued operations 0 (0) \n Change in working capital and income tax paid 52 (96) \n of which continuing operations 52 (96) \n Net cash generated by operating activities 202 201 \n of which continuing operations 202 202 \n\nConsolidated cash flows (continued)\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Net cash generated by operating activities 202 201 \n of which continuing operations 202 202 \n Purchases of intangible assets (13) (27) \n Purchases of property, plant and equipment (115) (172) \n Interest received 13 19 \n Disposals / (acquisitions) of financial assets 0 4 \n Divestment flows related to discontinued operations 0 1 \n Net cash used in investing activities (114) (176) \n of which continuing operations (115) (176) \n Loans and drawdowns on credit lines 222 45 \n Repayment of OCEANE 2025 (325) - \n Repayment of borrowings and lease liabilities (84) (81) \n Interest paid (16) (14) \n Change in interest in subsidiaries without change of control - (1) \n Financing flows related to discontinued operations (0) (0) \n Net cash used by financing activities (204) (50) \n of which continuing operations (204) (50) \n Effects of exchange rate fluctuations (10) 4 \n Net change in cash (126) (21) \n of which continuing operations (126) (21) \n Cash at beginning of the period 688 708 \n Cash at end of the period 562 688 \n\nAttachment\n* Soitec FY26 Results - Press release EN\n(https://ml-eu.globenewswire.com/Resource/Download/3f134ed5-9ce2-42a4-aa1e-c9c7bccf92e9)","article_body_html":"","raw_payload":{"data":{"id":"nGNE8Q6P8R","title":"REG-Soitec Reports Fourth Quarter Revenue and Full-Year Results of Fiscal Year 2026","author":"Globe Newswire","ticker":"SOIT","created":"2026-05-27T15:45:54.879Z","tickers":["SOIT"],"exchange":"Euronext Paris","article_body":"SOITEC REPORTS FISCAL 2026 FULL-YEAR RESULTS\n\nDISCIPLINED EXECUTION AND RESTORED FREE CASH FLOW\nPAVE THE WAY FOR SUSTAINABLE, PROFITABLE GROWTH\n* +25% sequential revenue growth in Q4’26 at constant currency and scope vs.\nQ3’26, exceeding the c. 20% guidance\n* €592m revenue in FY26, down -34% year-on-year on a reported basis (-30% at\nconstant currency and scope), reflecting ongoing customer inventory correction\n* Strong momentum in Photonics-SOI, a powerful growth driver addressing\nsurging AI data center demand, with revenue above $100m in FY26\n* FY26 EBITDA(1) margin(2) at 25.4% with return to positive Free Cash Flow of\n€63m, demonstrating disciplined execution and tight working capital\nmanagement\n* Net debt / EBITDA ratio of 0.4x, underscores a robust balance sheet\n* Strategically positioned for expansion; poised to exploit growth\nopportunities with continued focus on execution and financial discipline\n* Q1’27 revenue expected up around 15% year-on-year, at constant currency\nand scope; Soitec working to reduce revenue seasonality\n* FY27 Capex cash-out expected around €100m, vs. €135m in FY26\nBernin (Grenoble), France, May 27(th), 2026 – Soitec (Euronext Paris), a\nworld leader in the design and manufacturing of innovative semiconductor\nmaterials, today reported its consolidated revenue for the fourth quarter and\nfull-year results for fiscal year 2026 (period ended March 31(st), 2026).\n\nLaurent Rémont, CEO of Soitec, commented:\n“In a challenging and uncertain environment, Soitec’s FY26 performance\nreflects varied end-market dynamics and the Group’s deliberate actions to\nrestore cash generation. In this context, Soitec has remained focused on\ndisciplined execution, restoring positive Free Cash Flow and strengthening its\nfinancial position, as necessary steps toward sustainable, profitable growth.\nOur Q4’26 showed sequential improvement over Q3’26, above guidance, with\ncontinued momentum in AI-driven activities, in particular Photonics-SOI, a key\npillar of the Group’s expansion into high-growth markets. Our priority,\nalong with the team, is to build on these solid foundations with a clear\ncommitment to value creation. I am confident that Soitec is well placed to\nthrive in a new chapter.”\n\nQ4’26 Revenue - Sequential improvement\n\nQ4'26 revenue by end-market\n\n Q4’26 Q4’25 Q4’26/Q4’25 \n \n (Euros millions) change reported chg. at const. FX & scope \n \n Mobile Communications 100 220 -54% -52% \n Edge & Cloud AI 64 63 +2% +6% \n Automotive & Industrial 38 45 -16% -12% \n \n Revenue 202 328 -38% -36% \n\nSoitec revenue reached €202 million in Q4’26, down -38% on a reported\nbasis and -36% at constant currency and scope, year-on-year. The decrease was\nprimarily driven by lower volumes amid ongoing customer RF-SOI inventory\ncorrection and automotive market weakness, as well as a negative mix/price\neffect, partially offset by strong traction in AI markets.\n\nRevenue improved sequentially in Q4’26, boosted by seasonal demand factors,\nwith 25% growth vs. Q3’26 at constant currency and scope, above the initial\nguidance of around 20%.\n\nPerformance was mixed across end-markets. Mobile Communications continues to\nface RF-SOI customer inventory correction in a declining smartphone market,\nwhile subdued Automotive & Industrial revenue reflects end-market weakness. AI\ncommercial momentum remains strong, driven by increasing Photonics-SOI\npenetration in high-speed pluggable transceivers and growing volumes shipped\nfor co-packaged optics (CPOs) industry qualifications, in preparation for the\nupcoming ramp-up.\n\nMobile Communications (c. 50% of total Q4’26 revenue) - Ongoing volume\nimpact from customer RF-SOI destocking; POI adoption gains momentum\n\nMobile Communications revenue came in at €100 million in Q4’26, down -52%\nyear-on-year at constant currency and scope. A significant volume decline,\nreflecting customer destocking, was accompanied by a slightly positive mix\neffect.\n\nRF-SOI sales declined year-on-year amid ongoing customer inventory reduction.\nThe correction is unfolding in line with our expectations, although\ninventories remain high. In this context, Soitec is strengthening its\ntechnological differentiation, continuing to serve as an industry standard.\n\nPOI (Piezoelectric-on-Insulator) sales grew both year-on-year and\nsequentially, as Tier-1 US fabless adoption continued to offset softer demand\nin Asia. POI is gaining further traction in advanced SAW filters for 5G\nsmartphones, with medium-term visibility enhanced by the long-term agreement\nrecently signed with Skyworks, reinforcing POI’s positioning as a key\nsubstrate for next-generation architectures.\n\nFD-SOI sales remained subdued, while showing continued progress in adoption,\nsupported by key design wins in next-generation connectivity solutions. 5G\nmmWave applications continued to progress, supported by the major win secured\nlast quarter for US flagship smartphones, and reflecting sustained customer\nengagement.\n\nEdge & Cloud AI (c. 32% of total Q4’26 revenue) - Positive momentum from AI\napplications\n\nEdge & Cloud AI revenue reached €64 million in Q4’26, up +6% year-on-year\nat constant currency and scope. This increase reflects a positive volume\neffect.\n\nPhotonics-SOI sales recorded strong growth year-on-year, supported by\nsustained investment in cloud infrastructure for AI applications. Momentum was\ndriven by increasing adoption of silicon photonics solutions for high-speed,\nhigh-bandwidth optical transceivers.\n\nPhotonics-SOI remains a prime growth engine and a key pillar of the Group’s\nincreasing exposure to AI-related markets. Demand is supported by structural\nadoption of optical interconnects in next-generation data center\narchitectures. Soitec’s ability to deliver high-end and differentiated\nproducts to AI infrastructure value chain supports the Group’s strong\nposition in pluggable transceivers and growing traction from co-packaged\noptics architectures.\n\nFD-SOI sales were broadly stable year-on-year, with an unfavorable comparison\nbasis, and underlying adoption momentum remains strong. FD-SOI technology\nremains a key enabler for AI embedded consumer, industrial, and healthcare IoT\napplications, offering unique advantages in power efficiency, performance,\nthermal management and reliability. Strong customer appetite, supported by a\nlong-term agreement with a key customer, secures important visibility for the\nGroup.\n\nAutomotive & Industrial (c. 19% of total Q4’26 revenue) - Customers managing\ninventories in soft demand environment\n\nAutomotive & Industrial revenue came to €38 million in Q4’26, down -12%\nyear-on-year at constant currency and scope compared with Q4’25. The decline\nprimarily reflects continued end-market weakness and customer inventory levels\nexceeding historical averages across the supply chain. Until we see clear\nsigns of end market recovery and customer inventory normalization, Soitec\nautomotive momentum should remain subdued.\n\nSales of Power-SOI, used in smart power management for electric vehicles,\ndeclined in Q4’26 on a year-on-year basis, reflecting continued end-market\nweakness and cautious ordering patterns. Delivery phasing under a long-term\nagreement with a key customer results in a volume and revenue concentration in\nQ4.\n\nSales of FD-SOI were broadly stable year-on-year, driven by growing volumes\nfor Auto grade MCUs. Looking ahead, as ADAS adoption scales, the technology is\nproving critical for analog and mixed-signal demands of radars and\nmicrocontrollers, allowing next-generation vehicles to perceive and respond to\ntheir environment with superior power efficiency. FD-SOI is redefining\nautomotive radar performance, enabling the fusion of precision sensing with AI\nprocessing at the edge.\n\nFY26 consolidated revenue - Volume-driven decline with contrasted end-market\ndynamics\n\nFY26 revenue by end-market\n\n FY26 FY25 FY26 / FY25 \n (Euros millions) change reported chg. at const. FX & scope \n \n Mobile Communications 309 546 -43% -41% \n Edge & Cloud AI 214 216 -1% +8%* \n Automotive & Industrial 69 129 -47% -44% \n \n Revenue 592 891 -34% -30% \n\n*Edge & Cloud AI up +19% excluding Imager-SOI\n\nConsolidated annual revenue came to €592 million in FY26, down -34%\nyear-on-year as reported. This breaks down into a -30% decline at constant\ncurrency and scope, with a -1% scope effect and a -3% currency impact.\n\nThe full-year performance reflects a contraction in volumes, in an environment\nthat remains contrasted across end-markets. Strong Edge & Cloud AI revenue\ngrowth, driven by an increasing Photonics-SOI contribution, was offset by\nweaker revenue from Mobile Communications and Automotive & Industrial.\n\nMobile Communications revenue came in at €309 million in fiscal year 2026,\ndown -41% year-on-year at constant currency and scope. The decline was mainly\ndriven by lower RF-SOI volumes, in line with the continued correction of\ncustomer inventory levels throughout the year.\n\nEdge & Cloud AI revenue reached €214 million in fiscal year 2026, up +8%\nyear-on-year at constant currency and scope. Excluding Imager-SOI, Edge &\nCloud AI revenue was up +19% year-on-year at constant currency and scope. This\nevolution reflects positive volume and product mix dynamics, notably in\nphotonics-related activities, as well as the contribution of FD-SOI in Edge AI\napplications. Strong Photonics-SOI growth momentum continues, with revenue\nrising above $100 million in FY26, earlier than initially anticipated, marking\nan important step in Soitec’s expansion into high-growth AI data center\narchitectures.\n\nAutomotive & Industrial revenue came in at €69 million in fiscal year 2026,\ndown -44% year-on-year at constant currency and scope. The decline was\nprimarily driven by lower volumes in a subdued market environment, compounded\nby excess customer inventory.\n\nWhile AI tailwinds are supporting our entire portfolio, FD-SOI and\nPhotonics-SOI stand out as direct AI-enablers, delivering a combined\nyear-on-year increase of +25%. These technologies directly address critical\nlevels of the AI infrastructure: high-speed data centers and power-sensitive\nembedded processing, notably in IoT and wearables. This performance\nunderscores accelerated demand in AI and the industry’s shift toward a\nhybrid architecture, positioning Soitec as a central enabler of seamless\nprocessing from the high-performance Cloud to the energy-efficient Edge.\n\nFY26 profitability impacted by inventory reduction in a challenging\nenvironment\n\nConsolidated income statement (part 1)\n\n (Euros millions) FY26 FY25 % change \n \n Revenue 592 891 -34% \n \n Gross profit 96 286 -66% \n As a % of revenue 16.3% 32.1% \n \n Net research and development expenses (45) (85) -47% \n Selling, general and administrative expenses (59) (65) -10% \n \n Current operating income / (loss) (8) 136 \n As a % of revenue (1.3)% 15.2% \n \n Other operating expenses (123) (16) \n \n Operating income / (loss) (131) 119 \n \n EBITDA (1) 151 298 -49% \n As a % of revenue 25.4% 33.5% \n\nGross profit came in at €96 million (16.3% of revenue), down from €286\nmillion in FY25 (32.1% of revenue). This decline primarily reflects:\n* A deliberate reduction in production levels to align with our\ninventory-reduction objectives and end-market demand;\n* an unfavorable price/mix environment;\n* a negative currency impact;\n* lower sales volumes, notably in RF-SOI, amid continued customer inventory\ncorrection.\nThese effects were partially offset by continued cost discipline and\nindustrial efficiency measures.\n\nCurrent operating result came in at a loss of €8 million in FY26, compared\nwith a positive €136 million in FY25, mainly reflecting the decline in gross\nprofit, partially offset by reduced operating expenses.\n* Net R&D expenses decreased to €45 million (7.6% of revenue) from €85\nmillion (9.5%). Gross R&D costs before capitalization decreased 25% to €114\nmillion, largely resulting from reduced procurement of raw materials and the\ndiscontinuation of costs relating to Dolphin Design, divested in FY25. The\nGroup continued to benefit from higher subsidies and research tax credits,\nwhile protecting focused innovation to support future profitable growth;\n* SG&A expenses decreased to €59 million (10.0% of revenue) from €65\nmillion (7.3%), reflecting continued strict cost discipline, including lower\nvariable compensation and share-based payments, as well as the divestment of\nDolphin Design.\nOther operating expenses totaled €123 million, mainly reflecting €105\nmillion of non-recurring impairment charges, including €41 million related\nto SmartSiC™ assets, €29 million on the Pasir Ris extension in Singapore,\nthe impairment of long-term supplier advances and an earn-out loss related to\nthe Dolphin Design disposal. As a result, Soitec recorded an operating loss of\n€131 million in FY26, compared with positive operating income of €119\nmillion in FY25.\n\nEBITDA(1) declined to €151 million in FY26 from €298 million in FY25. The\nEBITDA margin(2) decreased to 25.4% of revenue (33.5% in FY25). The margin\nerosion was contained by strict cost discipline and operational adjustments\nimplemented throughout the year.\n\nConsolidated income statement (part 2)\n\n (Euros millions) FY26 FY25 \n \n Operating income / (loss) (131) 119 \n \n Net financial result / (loss) (31) (9) \n Income tax (61) (19) \n \n Net profit / (loss) from continuing operations (222) 91 \n Net profit from discontinued operations 2 1 \n \n Net profit / (loss), Group share (220) 92 \n Current net profit / (loss) (3) (14) 109 \n \n \n Basic earnings per share (in €) (6.17) 2.57 \n Diluted earnings per share (in €) (6.17) 2.56 \n Current earnings (3)per share (in €) (0.38) 3.07 \n \n \n Weighted average number of ordinary shares 35,674,488 35,670,651 \n Weighted average number of diluted ordinary shares 35,674,488 35,868,688 \n\nThe net financial result was a loss of €31 million in FY26 (compared with a\nloss of €9 million in FY25), reflecting €23 million of interest expenses\nand a €17 million one-off foreign exchange loss recorded in Q1’26, mainly\nresulting from the revaluation of balance sheet foreign exchange exposure in\nrelation to US dollar depreciation, partly offset by €13 million of\nfinancial income. Previous company policy was to protect the income statement\nagainst foreign exchange exposure; following a comprehensive review, balance\nsheet foreign exchange exposure is now hedged.\n\nIncome tax expense came in at €61 million in FY26, compared with €19\nmillion in FY25, mainly reflecting the decrease in recognized deferred tax\nassets relating to loss carryforwards.\n\nThe current net result(3) was a loss of €14 million in FY26, compared with a\nprofit of €109 million in FY25, mainly as a result of the deterioration in\noperating income, non-recurring impairment charge of €105m and higher\nfinancial expenses.\n\nThe net result (Group share) was a loss of €220 million in FY26, compared\nwith a profit of €92 million in FY25.\n\nPositive Free Cash Flow achieved through disciplined Working Capital and Capex\nmanagement\n\nConsolidated cash-flows\n\n (Euros millions) FY26 FY25 \n \n Continuing operations \n EBITDA (1) 151 298 \n \n Inventories 24 (47) \n Trade receivables 145 (30) \n Trade payables (122) (6) \n Other receivables and liabilities 1 4 \n \n Change in working capital 49 (79) \n Tax paid 3 (17) \n \n Net cash generated by operating activities 202 202 \n \n Capital expenditure (135) (230) \n Net interest and other financial expenses (4) 5 \n \n Free Cash Flow 63 (23) \n\nFree Cash Flow returned to a positive €63 million in FY26, compared with a\nnegative €23 million in FY25, marking a key milestone in the Group’s\nfinancial roadmap in a challenging market environment.\n\nOperating cash flow came in at €202 million, stable year-on-year, as the\nimpact of lower EBITDA(1) was offset by reduced working capital and lower tax\npayments.\n\nThe change in working capital was driven by a combination of proactive\nmanagement actions and activity-related effects, resulting in:\n* €71 million year-on-year improvement in the inventory contribution to\nworking capital;\n* €175 million year-on-year improvement in the trade receivables\ncontribution to working capital;\n* €116 million year-on-year deterioration in the trade payables contribution\nto working capital, reflecting lower activity.\nCapital expenditure was down -41% year-on-year at €135 million, as the Group\npursued a more targeted investment framework, following several years of\ncapacity expansion, focused mainly on addressing the market opportunities in\nPhotonics-SOI and POI. Capex moderation, combined with strict working capital\nmanagement, was a key contributor to restoring a positive Free Cash Flow.\n\nThis performance demonstrates the Group’s ability to act decisively to\nimprove operational execution and cash generation, laying the foundations for\nsustainable and profitable growth.\n\nRobust balance sheet and strong liquidity profile\n\nSoitec maintained a solid balance sheet as of March 31(st), 2026, supported by\nrestored Free Cash Flow generation and a disciplined financial execution.\n\nGross financial debt totaled €620 million, reflecting the full repayment of\n€325 million of OCEANE 2025 convertible bonds, partly offset by the issuance\nof a €222 million Schuldschein loan.\n\nCash and cash equivalents stood at €562 million at the end of FY26,\nmaintaining a strong liquidity position. Net financial debt(4) decreased to\n€56 million, compared with €94 million a year earlier, reflecting the\npositive Free Cash Flow generation.\n\nThe Group maintains a well-balanced debt maturity profile, with an average\nmaturity of 3.7 years, a 3.07% average cost of debt and €120 million of\nundrawn credit lines, providing significant financial flexibility.\n\nThe net debt-to-EBITDA(1) ratio stood at 0.4x, underscoring the Group’s\nsound financial structure and its capacity to support future profitable\ngrowth.\n\nFY27 Outlook\n\nSoitec expects Q1’27 revenue up around 15% at constant currency and scope\nyear-on-year, in part reflecting actions to reduce seasonality. Sequential\nimprovement throughout the rest of FY27 is therefore expected to be less\npronounced than in previous years.\n\nPhotonics-SOI momentum is accelerating and we are mobilizing our industrial\nfootprint to address growing customer demand and volume ramp-up. The\ntrajectory remains shaped by multiple possible outcomes; we are managing that\nuncertainty with ambition, flexibility and discipline.\n\nSoitec has hedged approximately 95% of its FY27 foreign exchange net exposure\nat an average rate of 1.19 €/$.\n\nFY27 profitability is expected to be impacted by low fab loading, FX and lower\nfunding.\n\nFY27 Capex cash-out is expected to be around €100 million, compared to\n€135 million in FY26, reflecting a disciplined and selective investment\napproach.\n\nSoitec remains focused on executing on its key operational levers, including\nproduct portfolio expansion and cost structure adaptation, while maintaining\nstrict control over working capital and Capex. Upon completion of RF-SOI\ncustomer inventory correction, these actions are expected to position the\nGroup for margin expansion and improved cash conversion, and the resumption of\na sustainable, profitable growth trajectory.\n\nKey events of Q4’26\n\nSoitec and NSIG agree extension of licensing framework\n\nOn March 13(th), 2026, Soitec and Shanghai-based National Silicon Industry\nGroup Co., Ltd. (NSIG) agreed to a 10-year extension to their manufacturing\nand commercial licensing framework, in response to growing Chinese demand for\nSoitec SOI products and technologies.\n\nThe agreement with NSIG subsidiaries Simgui and Simwings extends the existing\nlicensing framework underpinning their long-standing partnership, with no new\ntechnology transfer and a joint commitment to strengthen Soitec’s SOI\nintellectual property rights in China. It reinforces Soitec’s position in\nChina’s fast-growing engineered substrates market.\n\nSoitec Secures Multi-Year Agreement to Supply POI Wafers for Skyworks’ Sky5\nPlatform\nOn March 5(th), 2026, Soitec announced a multi-year agreement to secure volume\nproduction of state-of-the-art Piezoelectric-on-Insulator (POI) wafers for\nSkyworks Solutions. This agreement extends the long-standing relationship\nbetween the companies and ensures a reliable, long-term wafer supply to\nsupport Skyworks’ future needs.\n\nUnder the agreement, Soitec will provide POI wafers for Skyworks’ Sky5\nplatform to address the demanding RF requirements of today’s 5G smartphones.\nWell-suited for high-volume manufacturing, the technology offers compactness,\nrobustness, and compatibility with advanced packaging and assembly flows for\nFront-End modules. Soitec POI provides the breakthrough performance necessary\nto ensure seamless advanced coexistence in increasingly dense signal\nenvironments up to 3+ GHz.\n\nKey post-closing events\n\nLaurent Rémont took office as Soitec CEO on April 1(st)\nFollowing a transition period that began in mid-March, Laurent Rémont\nofficially succeeded Pierre Barnabé as CEO of Soitec on April 1(st), 2026.\n\nHis international career reflects his deep expertise in technologies and\nmarkets that are key to Soitec, such as mobile communications, automotive and\nartificial intelligence. He also brings extensive experience in managing\ntechnological and industrial activities.\n\nThis appointment demonstrates the Board of Directors' intent to pursue the\nGroup’s development, building on the foundations laid in recent years, to\nenhance the value of its diversified product and technology portfolio,\nparticularly around artificial intelligence, and seize semiconductor market\nopportunities.\n\nProposed appointment of Didier Fontaine as an independent director\nUpon recommendation of the Compensation, Nominations and Board Governance\nCommittee, the Board of Directors will submit the following proposals to a\nshareholder vote at the Annual General Meeting of July 29(th), 2026:\n* The appointment, for a three-year term, of Laurent Rémont, Chief Executive\nOfficer, as a non-independent director and of Didier Fontaine as an\nindependent director, replacing Maude Portigliatti, whose term of office will\nexpire at the close of the upcoming Annual General Meeting;\n* The reappointments, for a three-year term, of Christophe Gégout and\nDelphine Segura Vaylet, as independent directors.\nSubject to shareholder approval of their appointments, Laurent Rémont will\njoin the Strategic Committee, and Didier Fontaine will join the Audit and\nRisks Committee as well as the Strategic Committee. Christophe Gégout will\ncontinue to chair the Audit and Risks Committee until April 19(th), 2027, and\nDelphine Segura Vaylet will continue to chair the Compensation, Nominations\nand Board Governance Committee. Both will also continue to serve on the\nStrategic Committee and the Sustainability Committee.\n\nDidier Fontaine is Chief Operating Officer of the IDEMIA group, in charge of\nFinance, Legal, Strategy, M&A, IT, and Purchasing. He brings over 25 years of\nexecutive experience within major international groups, notably in Chief\nFinancial Officer roles at Plastic Omnium (now OPmobility), Constellium,\nZodiac Aerospace, and Verallia Packaging. He also brings capital markets and\ninvestor relations experience, gained notably through Constellium’s IPO on\nthe New York Stock Exchange and Verallia’s IPO on Euronext.\n\nHis appointment will strengthen the Board's expertise in financial oversight,\nwhile bringing complementary experience in strategic transformation within\ninternational industrial and technological groups. The Board of Directors\nwould like to thank Maude Portigliatti for her contribution to the Board's\nwork throughout her term.\n\nFollowing the Annual General Meeting and subject to the adoption of the\ncorresponding resolutions, the Board of Directors of Soitec would be composed\nof 13\n\nmembers, including the Chief Executive Officer, 7 independent directors, 5\nwomen, and 2 directors representing the employees.\n\nAll resolutions submitted to a shareholder vote, as well as detailed\ninformation regarding Soitec's governance, will be presented in the Company's\n2025-2026 Universal Registration Document, which will be filed with the AMF on\nJune 10(th), 2026.\n\n# # #\n\nFY26 results will be presented during an analyst and investor meeting in Paris\non May 28(th), 2026, at 2pm CET. The meeting will be held in English.\n\nThe live webcast will be available on:\nhttps://soitec.engagestream.euronext.com/20260528-full-year-2026\n\nThe investor presentation is available for download on:\nhttps://www.soitec.com/home/investors/full-year-results-of-fiscal-year-2025---2026\n\n# # #\n\n2026 Annual General Meeting\n\nAt its meeting today, the Board of Directors decided to convene the Annual\nGeneral Meeting of shareholders on July 29(th), 2026.\n\nQ1’27 Revenue\n\nQ1’27 Revenue is due to be published on July 28(th), 2026, after market\nclose.\n\n# # #\n\nDisclaimer\n\nThis document is provided by Soitec (the “Company”) for information\npurposes only.\n\nThe Company’s business operations and financial position are described in\nthe Company’s Universal Registration Document (which notably includes the\nAnnual Financial Report). The 2025-2026 Universal Registration Document will\nbe filed on June 10(th), 2026, with the French stock market authority\n(Autorité des Marchés Financiers, or AMF). The French versions of the\n2025-2026 Universal Registration Document, together with English courtesy\ntranslation for information purposes, will be available for consultation on\nJune 10(th), 2026, on the Company’s website (www.soitec.com), in the section\nInvestors - Regulated information - Financial Reports.\n\nYour attention is drawn to the risk factors described in Chapter 2.1 (Risk\nfactors and controls mechanism) of the Company’s Universal Registration\nDocument.\n\nThis document contains summary information and should be read in conjunction\nwith the Universal Registration Document.\n\nThis document contains certain forward-looking statements. These\nforward-looking statements relate to the Company’s future prospects,\ndevelopments and strategy and are based on analyses of earnings forecasts and\nestimates of amounts not yet determinable. By their nature, forward-looking\nstatements are subject to a variety of risks and uncertainties as they relate\nto future events and are dependent on circumstances that may or may not\nmaterialize in the future. Forward-looking statements are not a guarantee of\nthe Company’s future performance. The occurrence of any of the risks\ndescribed in Chapter 2.1 (Risk factors and controls mechanism) of the\nUniversal Registration Document may have an impact on these forward-looking\nstatements.\n\nThe Company’s actual financial position, results and cash flows, as well as\nthe trends in the sector in which the Company operates may differ materially\nfrom those contained in this document. Furthermore, even if the Company’s\nfinancial position, results, cash-flows and the developments in the sector in\nwhich the Company operates were to conform to the forward-looking statements\ncontained in this document, such elements cannot be construed as a reliable\nindication of the Company’s future results or developments.\n\nThe Company does not undertake any obligation to update or make any correction\nto any forward-looking statement in order to reflect an event or circumstance\nthat may occur after the date of this document.\n\nThis document does not constitute or form part of an offer or a solicitation\nto purchase, subscribe for, or sell the Company’s securities in any country\nwhatsoever. This document, or any part thereof, shall not form the basis of,\nor be relied upon in connection with, any contract, commitment or investment\ndecision.\n\nNotably, this document does not constitute an offer or solicitation to\npurchase, subscribe for or to sell securities in the United States. Securities\nmay not be offered or sold in the United States absent registration or an\nexemption from the registration under the U.S. Securities Act of 1933, as\namended (the “Securities Act”). The Company’s shares have not been and\nwill not be registered under the Securities Act. Neither the Company nor any\nother person intends to conduct a public offering of the Company’s\nsecurities in the United States.\n\n# # #\n\nAbout Soitec\n\nSoitec (Euronext - Tech Leaders - SBF 120), a world leader in innovative\nsemiconductor materials, has been developing cutting-edge products delivering\nboth technological performance and energy efficiency for over 30 years. From\nits global headquarters in France, Soitec is expanding internationally with\nits unique solutions, and generated revenue of 600 million euros in fiscal\nyear 2025-2026. Soitec occupies a key position in the semiconductor value\nchain, serving three main strategic markets: Mobile Communications, Automotive\nand Industrial, and Edge and Cloud AI. The company relies on the talent and\ndiversity of nearly 2,000 employees, representing 50 different nationalities,\nworking at its sites in Europe, the United States and Asia. Nearly 4,800\npatents have been registered by Soitec.\n\nSoitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.\n\nFor more information: https://www.soitec.com/en/ and follow us on X:\n@Soitec_Official\n\n# # #\n\nInvestor\nRelations:                                                Media\nRelations:\n\ninvestors@soitec.com\n                                        media@soitec.com\n\n# # #\n\nFinancial information and consolidated financial statements in appendix\ninclude:\n\n- Consolidated revenue per quarter\n\n- FY26 consolidated income statement\n\n- Balance sheet at March 31(st), 2026\n\n- FY26 consolidated cashflows\n\nConsolidated revenue per quarter\n\n Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Q3’26 Q4’26 FY25 FY26 \n (Euros millions) \n Mobile Communications 48 124 154 220 43 76 90 100 546 309 \n Edge & Cloud AI 46 61 47 63 44 52 54 64 216 214 \n Automotive & Industrial 26 33 25 45 5 11 16 38 129 69 \n Revenue 120 218 226 328 92 139 160 202 891 592 \n\n\n\n Change in quarterly revenue Q1’26/Q1’25 Q2’26/Q2’25 Q3’26/Q3’25 Q4’26/Q4’25 FY26 / FY25 \n (Change vs. previous year) Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope Reported Cst. FX & scope \n Mobile Communications -12% -7% -38% -39% -42% -36% -54% -52% -43% -41% \n Edge & Cloud AI -4% +13% -14% -9% +15% +27% +2% +6% -1% +8% \n Automotive & Industrial -82% -81% -68% -68% -37% -32% -16% -12% -47% -44% \n Revenue -24% -16% -36% -36% -29% -22% -38% -36% -34% -30% \n\nConsolidated financial statements for FY26\n\nConsolidated income statement\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Revenue 592 891 \n Cost of sales (496) (605) \n Gross profit 96 286 \n Net research and development expenses (45) (85) \n General, sales and administrative expenses (59) (65) \n Current operating income / (loss) (8) 136 \n Other operating expenses (123) (16) \n Operating income / (loss) (131) 119 \n Financial income 13 19 \n Financial expenses (43) (28) \n Net financial expense (31) (9) \n Profit before tax (161) 110 \n Income tax (61) (19) \n Net profit from continuing operations (222) 91 \n Net profit from discontinued operations 2 1 \n Consolidated net profit (220) 92 \n Net profit, Group share (220) 92 \n Current net profit / (loss) (3) (14) 109 \n\n\n\n Basic earnings per share (in €) (6.17) 2.57 \n Diluted earnings per share (in €) (6.17) 2.56 \n Current earnings (3)per share (in €) (0.38) 3.07 \n Weighted average number of ordinary shares 35,674,488 35,670,651 \n Weighted average number of diluted ordinary shares 35,674,488 35,868,688 \n\nBalance sheet\n\nBalance sheet as of March 31(st), 2025 has been restated. In accordance with\nIAS 8, Soitec has retrospectively reclassified certain consigned raw materials\nas inventories, with a corresponding amount recorded as trade payables, to\nreflect the transfer of control upon receipt at its sites.\n\n Assets March 31 (st), 2026 March 31 (st), 2025 Restatement March 31 (st), 2025 published \n (Euros millions) \n \n Non-current assets \n Intangible assets 94 130 - 130 \n Property, plant and equipment 893 1,003 - 1,003 \n Non-current financial assets 20 30 - 30 \n Other non-current assets 42 73 - 73 \n Deferred tax assets 6 59 - 59 \n Total non-current assets 1,056 1,295 - 1,295 \n \n Current assets \n Inventories 220 268 37 231 \n Trade receivables 280 463 - 463 \n Other current assets 160 124 - 124 \n Current financial assets 3 7 - 7 \n Cash and cash equivalents 562 688 - 688 \n Total current assets 1,225 1,549 37 1,512 \n \n Total assets 2,282 2,844 37 2,807 \n\n\n\n Equity and liabilities March 31 (st), 2026 March 31 (st), 2025 Restatement March 31 (st), 2025 published \n (Euros millions) \n \n Equity \n Share capital 72 71 - 71 \n Share premium 228 228 - 228 \n Reserves and retained earnings 1,059 1,280 - 1,280 \n Other reserves (32) 15 - 15 \n Equity-Group share 1,327 1,595 - 1,595 \n Total equity 1,327 1,595 - 1,595 \n \n Non-current liabilities \n Non-current financial debt 517 375 - 375 \n Provisions and other non-current liabilities 122 94 - 94 \n Total non-current liabilities 639 469 - 469 \n \n Current liabilities \n Current financial debt 103 406 - 406 \n Trade payables 53 190 37 153 \n Provisions and other current liabilities 160 185 - 185 \n \n Total current liabilities 315 780 37 743 \n \n Total equity and liabilities 2,282 2,844 37 2,807 \n\nConsolidated cash flows\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Consolidated net profit (220) 92 \n of which continuing operations (222) 91 \n Depreciation and amortization expense 138 140 \n Impairment / (reversals of impairments) assets 105 - \n Provision expense / (reversals), net 24 6 \n Provisions expense / (reversals) for retirement benefit obligations, net 1 0 \n (Gains) / losses on disposals of assets 7 15 \n Income tax 61 19 \n Net financial expense 31 9 \n Share-based payments (1) 11 \n Other non-cash items 7 7 \n Non-cash items related to discontinued operations (2) (1) \n EBITDA (1) 151 298 \n of which continuing operations 151 298 \n Inventories 24 (47) \n Trade receivables 145 (30) \n Trade payables (122) (6) \n Other receivables and payables 1 4 \n Income tax received / (paid) 3 (17) \n Changes in working capital and income tax paid related to discontinued operations 0 (0) \n Change in working capital and income tax paid 52 (96) \n of which continuing operations 52 (96) \n Net cash generated by operating activities 202 201 \n of which continuing operations 202 202 \n\nConsolidated cash flows (continued)\n\n FY26 FY25 \n (Euros millions) (ended March 31 (st), 2026) (ended March 31 (st), 2025) \n Net cash generated by operating activities 202 201 \n of which continuing operations 202 202 \n Purchases of intangible assets (13) (27) \n Purchases of property, plant and equipment (115) (172) \n Interest received 13 19 \n Disposals / (acquisitions) of financial assets 0 4 \n Divestment flows related to discontinued operations 0 1 \n Net cash used in investing activities (114) (176) \n of which continuing operations (115) (176) \n Loans and drawdowns on credit lines 222 45 \n Repayment of OCEANE 2025 (325) - \n Repayment of borrowings and lease liabilities (84) (81) \n Interest paid (16) (14) \n Change in interest in subsidiaries without change of control - (1) \n Financing flows related to discontinued operations (0) (0) \n Net cash used by financing activities (204) (50) \n of which continuing operations (204) (50) \n Effects of exchange rate fluctuations (10) 4 \n Net change in cash (126) (21) \n of which continuing operations (126) (21) \n Cash at beginning of the period 688 708 \n Cash at end of the period 562 688 \n\nAttachment\n* Soitec FY26 Results - Press release EN\n(https://ml-eu.globenewswire.com/Resource/Download/3f134ed5-9ce2-42a4-aa1e-c9c7bccf92e9)"},"type":"article","timestamp":"2026-05-27T15:45:54.98994093Z","server_sent_at_ms":1779896754989},"received_at":"2026-05-27T15:45:55.255Z","source_url":null},"analysis":{"id":"36263","press_release_id":"46828","analysis_json":{"industry":{"label":"Semiconductors & Semiconductor Materials","sector":"Information Technology"},"redFlags":["Operating loss of €131M driven by €105M in impairments","Gross margin collapsed from 32.1% to 16.3%","Mobile Communications revenue down 41% YoY due to destocking","Automotive revenue down 44% YoY"],"eventType":"earnings","narrative":"Soitec reported FY26 revenue of €592 million, down 34% year-over-year, driven by severe inventory correction in Mobile Communications and weakness in Automotive. The company posted an operating loss of €131 million, largely due to €105 million in non-recurring impairment charges and a sharp drop in gross margin to 16.3%.\n\nDespite the top-line decline, Soitec restored positive Free Cash Flow to €63 million through disciplined working capital management and reduced Capex. The Photonics-SOI segment, a key AI enabler, exceeded €100 million in revenue, signaling strong momentum in data center infrastructure.\n\nLaurent Rémont officially succeeded Pierre Barnabé as CEO on April 1, 2026. The company guided Q1'27 revenue to grow ~15% YoY and expects FY27 Capex to drop to €100 million. A new multi-year agreement with Skyworks for POI wafers reinforces its position in 5G smartphone supply chains.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Soitec navigates deep cyclical downturn with restored FCF and accelerating AI exposure via Photonics-SOI."},"keyFigures":{"revenue":592000000,"guidance":"Q1'27 revenue up ~15% YoY (const FX/scope); FY27 Capex ~€100M","revenueYoy":"-34%","customDimensions":{"capex":135000000,"ebitda":151000000,"net_debt":56000000,"q4_revenue":202000000,"gross_margin":"16.3%","gross_profit":96000000,"ebitda_margin":"25.4%","free_cash_flow":63000000,"net_debt_ebitda":"0.4x","impairment_charges":105000000,"photonics_soi_revenue":">100000000","q4_revenue_seq_growth":"25%"}},"quotedText":"In a challenging and uncertain environment, Soitec’s FY26 performance reflects varied end-market dynamics and the Group’s deliberate actions to restore cash generation.","namedEntities":{"people":[{"name":"Laurent Rémont","role":"CEO"},{"name":"Pierre Barnabé","role":"Former CEO"},{"name":"Didier Fontaine","role":"Proposed Independent Director"},{"name":"Maude Portigliatti","role":"Outgoing Director"}],"products":["Photonics-SOI","POI","RF-SOI","FD-SOI","Power-SOI","SmartSiC","Sky5"],"companies":[{"name":"Soitec","ticker":"SOIT","relationship":"filer"},{"name":"Skyworks Solutions","ticker":"SWKS","relationship":"customer"},{"name":"National Silicon Industry Group Co., Ltd.","ticker":"","relationship":"partner"},{"name":"IDEMIA","ticker":"","relationship":"employer of proposed director"}],"dollarAmounts":[{"amount":"€592m","context":"FY26 revenue"},{"amount":"€202m","context":"Q4'26 revenue"},{"amount":"€63m","context":"FY26 Free Cash Flow"},{"amount":"€151m","context":"FY26 EBITDA"},{"amount":"€131m","context":"FY26 operating loss"},{"amount":"€220m","context":"FY26 net loss"},{"amount":"€105m","context":"non-recurring impairment charges"},{"amount":"€135m","context":"FY26 Capex"},{"amount":"€100m","context":"FY27 expected Capex"},{"amount":"€620m","context":"Gross financial debt"},{"amount":"€562m","context":"Cash and cash equivalents"},{"amount":"€56m","context":"Net financial debt"},{"amount":"$100m","context":"Photonics-SOI revenue threshold"},{"amount":"€325m","context":"OCEANE 2025 convertible bonds repaid"},{"amount":"€222m","context":"Schuldschein loan issued"}]},"materialImpact":{"score":4,"reasoning":"Significant revenue decline (-34% YoY) and operating loss (-€131M) due to inventory correction and impairments, offset by restored positive Free Cash Flow (€63M) and strong momentum in AI-driven Photonics-SOI. The mix of weak legacy segments vs. strong AI growth creates a mixed signal."},"tickerRelevance":{"others":[{"ticker":"SWKS","relevance":"customer"}],"primary":"SOIT"},"globalImportance":45,"audienceRelevance":35,"eventTypeSecondary":["executive_change","board_change"],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"earnings with significant impairment and CEO change","sectorWeight":"high (AI/Semiconductors)","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"event_type":"earnings","event_type_secondary":["executive_change","board_change"],"sentiment":"mixed","material_impact_score":4,"narrative":"Soitec reported FY26 revenue of €592 million, down 34% year-over-year, driven by severe inventory correction in Mobile Communications and weakness in Automotive. The company posted an operating loss of €131 million, largely due to €105 million in non-recurring impairment charges and a sharp drop in gross margin to 16.3%.\n\nDespite the top-line decline, Soitec restored positive Free Cash Flow to €63 million through disciplined working capital management and reduced Capex. The Photonics-SOI segment, a key AI enabler, exceeded €100 million in revenue, signaling strong momentum in data center infrastructure.\n\nLaurent Rémont officially succeeded Pierre Barnabé as CEO on April 1, 2026. The company guided Q1'27 revenue to grow ~15% YoY and expects FY27 Capex to drop to €100 million. A new multi-year agreement with Skyworks for POI wafers reinforces its position in 5G smartphone supply chains.","key_figures":{"revenue":592000000,"guidance":"Q1'27 revenue up ~15% YoY (const FX/scope); FY27 Capex ~€100M","revenueYoy":"-34%","customDimensions":{"capex":135000000,"ebitda":151000000,"net_debt":56000000,"q4_revenue":202000000,"gross_margin":"16.3%","gross_profit":96000000,"ebitda_margin":"25.4%","free_cash_flow":63000000,"net_debt_ebitda":"0.4x","impairment_charges":105000000,"photonics_soi_revenue":">100000000","q4_revenue_seq_growth":"25%"}},"named_entities":{"people":[{"name":"Laurent Rémont","role":"CEO"},{"name":"Pierre Barnabé","role":"Former CEO"},{"name":"Didier Fontaine","role":"Proposed Independent Director"},{"name":"Maude Portigliatti","role":"Outgoing Director"}],"products":["Photonics-SOI","POI","RF-SOI","FD-SOI","Power-SOI","SmartSiC","Sky5"],"companies":[{"name":"Soitec","ticker":"SOIT","relationship":"filer"},{"name":"Skyworks Solutions","ticker":"SWKS","relationship":"customer"},{"name":"National Silicon Industry Group Co., Ltd.","ticker":"","relationship":"partner"},{"name":"IDEMIA","ticker":"","relationship":"employer of proposed director"}],"dollarAmounts":[{"amount":"€592m","context":"FY26 revenue"},{"amount":"€202m","context":"Q4'26 revenue"},{"amount":"€63m","context":"FY26 Free Cash Flow"},{"amount":"€151m","context":"FY26 EBITDA"},{"amount":"€131m","context":"FY26 operating loss"},{"amount":"€220m","context":"FY26 net loss"},{"amount":"€105m","context":"non-recurring impairment charges"},{"amount":"€135m","context":"FY26 Capex"},{"amount":"€100m","context":"FY27 expected Capex"},{"amount":"€620m","context":"Gross financial debt"},{"amount":"€562m","context":"Cash and cash equivalents"},{"amount":"€56m","context":"Net financial debt"},{"amount":"$100m","context":"Photonics-SOI revenue threshold"},{"amount":"€325m","context":"OCEANE 2025 convertible bonds repaid"},{"amount":"€222m","context":"Schuldschein loan issued"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-05-27T15:47:05.887Z","global_importance":45,"audience_relevance":35,"importance_components":{"tickerTier":"mid-cap","eventGravity":"earnings with significant impairment and CEO change","sectorWeight":"high (AI/Semiconductors)","householdBrandBoost":"low","marketCapAdjustment":"neutral","retailFavoriteBoost":"low"}},"durationMs":70611,"modelName":"george-droid-qwen-72b"}}