IQE (IQE) Trading Update summary

Trading performance

• Revenue for H1 2024 expected to be at least £65m, a year-on-year increase of at least 25% and a 3% rise from H2 2023.

• Trading remains in line with management expectations, reflecting ongoing recovery in the industry.

Strategic outlook

• Continued revenue growth supports strategic progress and confidence in the diversification strategy.

• The company is positioned to capitalize on growth opportunities as markets recover at different rates.

Company positioning

• IQE is a leading global supplier of compound semiconductor wafers and advanced material solutions.

• The group leverages its intellectual property to deliver high-quality, cost-effective epitaxy wafers for diverse applications.

• Operations span eight manufacturing locations in the UK, US, and Taiwan, serving global markets.