However, compared to the same period a year earlier, revenue fell by 22%.

Pierre Barnabé, CEO of Soitec, commented: "While third-quarter 2026 revenue came in above our guidance, driven by the strong performance of Soitec's teams, we remain cautious regarding end-market dynamics. The strong momentum in Artificial Intelligence is offset by continued weakness in the Automotive market and ongoing inventory adjustments in RF-SOI. We are closely monitoring the outlook for the smartphone market and its potential impact on this correction."

The semiconductor materials specialist is forecasting a sequential revenue increase of 20% in the fourth quarter, at constant scope and exchange rates. The market environment is expected to remain broadly stable, with the ongoing correction of customer inventories.