Finance
Soitec Posts Q1 Sales in Line With Expectations
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 22, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleSoitec's Q1 sales fell 16% due to inventory and market issues, aligning with forecasts. Future growth is expected in Q2.
(Reuters) -French semiconductor materials supplier Soitec reported a 16% drop at constant exchange rates in its first-quarter sales, due to high customer inventory and a weak automotive market.
The company posted quarterly revenue of 92 million euros($108 million), down from 121 million euros a year earlier but in line with analysts' average forecast of 93 million euros, according to a company-provided poll.
"The correction of... inventories among our direct customers, and the ongoing weakness in the automotive market continued to impact our revenue," CEO Pierre Barnabe said in a statement.
The group, whose customers include sector majors such as TSMC, UMC, Sony, Global Foundries and STMicroelectronics, expects second-quarter revenue to grow around 50% organically from the previous quarter.
($1 = 0.8519 euros)
(Reporting by Ozan Ergenay in Gdansk; Editing by Emelia Sithole-Matarise and Jan Harvey)
Customer inventory refers to the stock of goods that a company holds for sale to its customers. High levels of inventory can indicate reduced demand or overproduction.
Revenue is the total income generated by a company from its business activities, typically from the sale of goods or services before any expenses are deducted.
The automotive market encompasses the buying and selling of vehicles, including cars, trucks, and motorcycles, along with related services and products.
Organic growth refers to the increase in a company's sales and profits generated from its existing business operations, rather than through mergers or acquisitions.
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