NuAxiSemiconductor trade intelligence
IQE’s flat revenue forecast for 2024 prompts strategic review
What happened
IQE plc revised its 2024 revenue forecast to approximately £115m, flat year-on-year and below its previous growth guidance of £130-153.7m, citing a slower-than-expected industry recovery due to weak consumer end-market demand. The company expects adjusted EBITDA of at least £5m, an improvement from 2023 but below April analyst forecasts of £11.1-16.6m. Bearish: This signals continued softness in demand for compound semiconductor wafers, potentially pressuring spot prices and inventory valuations for related components.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
epiwaferscompound semiconductor substrates
IQE plc
demand-weaknessearnings-missrecovery-delay
Source and time
Source: Semiconductor Today · 11/19/2024 · View original source
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