IQE (IQE): Profit upgrade
This situation live
IQE IQE
21 Jul 2026 · guidance raised · +30% on the day · +4% until the next step
- H1 performance ahead of expectations, driven by InP demand for AI and data centre applications
7 Sep 2026 · guidance raised · second in 12 months · −29% since
Trading in H1 2026 exceeded management expectations, supported by strong demand across all of the Group's core segments.
Profit upgrade
guidance raised · second in 12 months
Directionahead of expectations / raised
Reaction on the day+3%
In 12 months2 statements in the same direction
Company's wordsTrading in H1 2026 exceeded management expectations, supported by strong demand across all of the Group's core segments. ↗
As of 7 Sep 2026 ↗
Since Oct 2023: 661 situations of this kind; median share price +2% six months after they opened
Next: H2 delivery against FY 2026 guidance
Every step · 2
- 21 Jul 2026 guidance raised · +30% on the day – - H1 performance ahead of expectations, driven by InP demand for AI and data centre applications ↗
- 7 Sep 2026 guidance raised · second in 12 months – Trading in H1 2026 exceeded management expectations, supported by strong demand across all of the Group's core segments. ↗
What is happening
IQE: Profit upgrade – guidance raised · second in 12 months. ['guidance raised · second in 12 months']
- 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 · +30% on the day
- Latest
- 7 Sep 2026 · guidance raised · +3% on the day
- 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
What comes next
H2 delivery against FY 2026 guidance.
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