Soitec
ConvictionContext
B2B sale of engineered wafers (RF-SOI, FD-SOI, Photonics-SOI, Imager-SOI, POI, SmartSiC) to foundries and IDMs, plus Smart Cut technology licensing royalties; capex-heavy fabs in France, Singapore and Belgium; revenue largely USD-denominated with EUR cost base
Revenue
EUR 592M FY26ended 2026-03-31Rev growth
-34% YoY reported-30% at constant currency and scopeGross margin
16.3% FY26EUR 96M gross profit, vs 32.1% FY25) -- crushed by low fab utilizationOp margin
-22% FY26operating loss EUR 131M vs EUR 119M profit FY25); EBITDA margin 25.4% (EUR 151MCapex intensity
~23% of salesEUR 135M FY26, down 41% YoY; ~EUR 100M guided FY27Market cap
EUR 3.77B~$4.2-4.4B depending on EUR/USD), Euronext Paris, as of 2026-07-09The read
Where our coverage leans
Coverage leans bullish
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Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (FY26 = fiscal year ended 2026-03-31, reported 2026-05-27; price/market cap as of 2026-07-09)· sign in (free) for the analyst summary; Pro unlocks full intelligence