IQE (IQE): Guidance upgrades

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£471m · 35.3p · −2% since the first step

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Guidance upgrades

Guidance reconfirmed after H1 beat

Next: H2 delivery against FY 2026 guidance

Every step · 2

21 Jul 2026 Guidance raised a second time – IQE now expects FY 2026 revenue growth in excess of 30% year-on-year, resulting in low-teens £m adjusted EBITDA. ↗
7 Sep 2026 Guidance reconfirmed after H1 beat – IQE remains confident in achieving its FY 2026 guidance of revenue growth in excess of 30% year-on-year, resulting in low-teens £m adjusted EBITDA. ↗

What is happening

IQE: Guidance upgrades – Guidance reconfirmed after H1 beat. ['Guidance reconfirmed after H1 beat']

In short: On 28 May 2026 IQE guided FY 2026 revenue growth above 20% and high-single to low-double-digit adjusted EBITDA. On 21 Jul 2026 it raised this to above 30% and low-teens £m, driven by InP demand for AI and data centres. On 7 Sep 2026 the interims reconfirmed it, with H1 revenue of £64.6m and adjusted EBITDA of £6.0m.
Announced: 21 Jul 2026 · Guidance raised a second time
Latest: 7 Sep 2026 · Guidance reconfirmed after H1 beat
Prior guidance: FY 2026 revenue growth above 20%; adjusted EBITDA high-single to low-double-digit £m (28 May 2026)
New guidance: FY 2026 revenue growth above 30%; adjusted EBITDA low-teens £m (21 Jul 2026)
H1 revenue: £64.6m, up 43% (H1 2025: £45.3m); July flagged at least £64m
Main driver: Strong InP demand for AI and data centres; existing tooling converted in H2 to add InP capacity
Guidance: FY 2026 revenue growth above 30%; adjusted EBITDA low-teens £m, reconfirmed 7 Sep 2026
H1 adjusted EBITDA: £6.0m (H1 2025: (£0.4m))
Upside: Potential upside in optical communications for data centre and AI infrastructure

H2 delivery against FY 2026 guidance.

From the company's own announcements. Not investment advice.

Briefing Pro

What it does, how it got here, what management promised and delivered – written from its own announcements.

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