IQE lifts year-on-year growth forecast to 30%
Compound semiconductor wafer company IQE has provided a trading update for the six months ended 30 June 2026, with expectations to deliver a full year 2026 revenue growth in excess of 30 percent year-on-year, resulting in low-teens £m adjusted EBITDA.
Trading in H1 2026 exceeded management expectations with strong demand across all of the group’s core segments, which is expected to result in first half revenue of at least £64m.
Demand for IQE’s InP solutions is continuing to accelerate due to their critical role in enabling optical photonics products for data centres and AI infrastructure. Revenue growth was also supported by ongoing strength in aerospace and defence segments, as well as robust demand for both 3D sensing and wireless products.
Jutta Meier, CEO of IQE, commented: “I am very pleased that H1 trading exceeded our expectations. Our long-established leadership in InP and other key material systems means we are critically embedded in supply chains enabling industry trends that will continue to deliver further progress in H2. I remain extremely excited about the significant opportunities ahead for the transformed IQE, and look forward to sharing our continued progress.”
IQE remains bank-debt free with a cash position as at 30 June 2026 of £41.6m.
