Soitec posts Q1 sales in line with expectations
ReutersJul 22, 2025 3:53 PM
July 22 (Reuters) - French semiconductor materials supplier Soitec SOIT.PA reported a 16% drop at constant exchange rates in its first-quarter sales, due to high customers' inventory and a weak automotive market.
The company posted quarterly revenue of 92 million euros($108 million), down from 121 million euros a year earlier, but in line with analysts' average forecast of 93 million euros, according to a company-provided poll.
($1 = 0.8519 euros)
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