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IQE (IQE) investor relations material
IQE Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading performance and financial highlights
Achieved strong trading momentum in H2 2025, driven by early funding for US military and defence programs and higher photonics demand in AI and data centre markets.
Wireless product sales increased due to new handset launches, boosting Taiwan operations.
Revenue for FY 2025 expected at approximately £97m, with adjusted EBITDA of at least £2.0m, at the upper end of guidance.
Cash position at year-end 2025 was £15.6m, reflecting improved liquidity and working capital.
HSBC granted a waiver for Q4 2025 EBITDA covenant testing, indicating supportive banking relationships.
Order book and market outlook
Entered 2026 with a strong Q1 order book and improved demand visibility across consumer mobile, data centre, and AI-related photonics.
Wireless demand momentum from Q4 2025 expected to continue, supported by existing customers and new platform wins.
Growth in data centre deployments and AI-enabled compute is supporting increased photonics demand.
Strategic review and shareholder value
Board is negotiating non-binding offers for the group and certain assets to maximize shareholder value.
Encouraging level of interest and recognition of the group's intrinsic value, but no certainty of deal completion.
- Board changes, GenAI-driven strategy, and technology innovation highlighted amid industry recovery.IQE
AGM 20243 Feb 2026 - 27% revenue growth and positive EBITDA, led by Wireless gains and Taiwan IPO plans.IQE
H1 202421 Jan 2026 - Adjusted EBITDA nearly doubled on flat revenue; strategic review targets debt-free growth.IQE
H2 202426 Nov 2025 - Revenue fell 31% year-over-year to £45.3m, with deepening losses and a potential full sale.IQE
H1 202520 Oct 2025 - IQE launches a strategic review and seeks £15m financing as 2024 revenue remains flat.IQE
Trading Update13 Jun 2025 - H1 2024 revenue up at least 25% year-on-year, with trading meeting expectations.IQE
Trading Update13 Jun 2025 - FY24 revenue and EBITDA to surpass expectations; strategic review and financing progressing.IQE
Trading Update6 Jun 2025
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