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IQE expecting full-year 2023 of £115m after 20% growth from first half to second half

What happened

IQE plc expects full-year 2023 revenue of at least £115m, down 31% from 2022, but notes a sequential improvement with second-half revenue growing over 20% from the first half. The decline reflects ongoing soft demand in key end markets like wireless and photonics, despite the H2 recovery. 关注: The mixed signal of a sharp annual decline but strong sequential rebound suggests potential bottoming of demand, requiring traders to monitor order patterns from IQE's fab customers for confirmation.

Impact and signal

Medium impactImpact score: 55/100

Affected components and suppliers

epiwafersubstrate

IQE plc

earningsrevenue-declinesequential-growth

Source and time

Source: Semiconductor Today · 1/16/2024 · View original source

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IQE’s first-half revenue down about 40% year-on-yearSemiconductor Today · 9/25/2023
Inventory build-up throughout supply chain to yield £30m year-on-year drop in IQE’s first-half 2023 revenueSemiconductor Today · 3/10/2023
IQE expects revenue growth of 7% for first-half 2022Semiconductor Today · 7/14/2022
IQE’s full-year 2021 constant-currency revenue down a less-than-expected 7%Semiconductor Today · 4/7/2022
IQE confirms 2021 revenue guidance of £164m, down 8% year-on-yearSemiconductor Today · 1/28/2022
IQE’s annual revenue falls 31.2% in 2023, impacted by excess inventorySemiconductor Today · 4/25/2024

IQE expecting full-year 2023 of £115m after 20% growth from first half to second half

What happened

Impact and signal

Affected components and suppliers

Source and time

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