(Reuters) – Soitec has revised its financial objectives for the tax financial year 2025 on Wednesday, the French supplier of semiconductor materials citing in a press release the degradation of automotive market conditions and consumer goods, While being careful for 2026.

The group now provides a drop in its annual turnover of around 7% to 9% (“High single digit”), on constant perimeter and exchange rate, as well as a margin of Ebitda between 32% and 34 %.

“Due to the degradation of automotive and consumer market conditions, some customers suspended their deliveries,” said Pierre Barnabé, director general of Soitec, in a statement, to explain the drop in prospects .

Soitec had confirmed in November its prospects for the fiscal year 2025, namely a turnover expected at a stable level at constant perimeter and exchange rate compared to 2023-2024 and an ebitda margin of around 35% .

“Given the current lack of visibility in our final markets, it is still too early to communicate specific financial objectives for the fiscal year 2026,” said Pierre Barnabé, adding to “relatively limited growth in the financial year fiscal 2026 “.

Soitec nevertheless says he expects “strong sequential growth in the fourth quarter,” mainly carried by the continuation of the resumption of the growth of RF-SOI sales “, and adds that he plans to continue to benefit from the high demand For its Photonic-Soi products and the growing adoption of Poi.

The group, whose customers include giants in the sector such as TSMC, UMC, Sony, Global Foundries and Stmicroelectronics, recorded a turnover of 226 million euros in the third quarter, down 10% over one year constant perimeter and exchange rate.

(Written by Noemie Naudin, edited by Augustin Turpin)

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