Soitec reports first-half revenue below last year's level [Yahoo! Finance]
SILICON ON INS UNSP/ADR (SLOIY)
NASDAQ:AMEX Investor Relations:
aip.scitation.org/doi/abs/10.1063/1.1558223
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Source: Yahoo! Finance
The company reported revenue of 338 million euros ($355.31 million) for the half-year, compared with 401 million euros a year earlier. Its earnings before interest, taxes, depreciation and amortization (EBITDA) fell 15% to 113 million euros for the same period, compared to 132 million euros last year. Soitec, whose customers include sector majors such as TSMC, UMC, Sony, Global Foundries, and STMicroelectronics, has been facing a sharp inventory adjustments in a sluggish smartphone market and had warned that it would continue weighing into the first half of the year. "For 2025, we anticipate different dynamics across our three end markets, with Mobile Communications market expected to continue to slightly improve, Automotive & Industrial market weakness persisting through the first half of the year, and Cloud AI investments to remain at elevated levels," Chief Executive Officer Pierre Barnabé said in a statement. Soitec confirmed its full-year guidance, expecting revenue to b
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