Soitec, a semiconductor materials manufacturer based in France, reported unaudited consolidated revenue of €92 million (US$108 million) for the first quarter of FY26.

This marks a 24% decline compared to €121 million (US$142 million) during the same period last year.

The drop includes a 16% organic fall, 5% negative impact from currency fluctuations, and 3% reduction linked to the divestment of Dolphin Design’s businesses.

The Mobile Communications segment generated €43 million (US$50.4 million), reflecting a 7% organic decline year-on-year due to reduced RF-SOI wafer sales and inventory corrections.

Automotive and Industrial plunged 81% to €5 million (US$5.8 million), while Edge and Cloud AI rose 13% to €44 million (US$51.6 million).

Looking ahead, Soitec expects Q2 FY26 revenue to grow 50% organically and issued a €200 million (US$234.7 million) loan while announcing new tech partnerships.