The earnings call outlined significant improvements in adjusted EBITDA and wireless revenue growth, driven by strategic partnerships and product developments. However, these positives were tempered by a decline in photonics revenue, challenging macroeconomic conditions, and ongoing financial constraints, indicating a mixed outlook.
Company Guidance
In the recent IQE full-year results presentation, CEO Jutta Meier emphasized the company's strategic focus on financial discipline and operational agility amidst a challenging macroeconomic environment. The company's revenue for fiscal year 2024 remained stable at £118 million, while adjusted EBITDA improved significantly from £4.3 million to £8.2 million, attributed to decisive cost actions and efficiency improvements. The strategic review aims to make IQE debt-free and allow further investments in growth sectors such as GaN power and display technologies. Despite a 16% decline in Photonics revenue, Wireless revenue increased by 25% to £67.3 million, driven by higher penetration into the Asian market and increased GaN sales for 5G infrastructure. The company's cash position was bolstered by a convertible loan note fundraise, resulting in cash and cash equivalents of £20.6 million at the end of Q1 2025. Looking ahead, IQE expects revenue and adjusted EBITDA for fiscal year 2025 to align with analyst forecasts, with improvements anticipated in the second half of the year, driven by AI-related demand and strategic initiatives.
Adjusted EBITDA Improvement
Adjusted EBITDA improved significantly from £4.3 million to £8.2 million, reflecting decisive cost actions and increased efficiencies.
Wireless Revenue Growth
Wireless segment revenue increased by 25% to £67.3 million, driven by increased penetration into the Asian market and the Android ecosystem, as well as an increase in GaN sales for 5G infrastructure.
Strategic Partnerships and Product Development
IQE launched a joint development agreement with X-FAB for GaN power in Europe and continued development in MicroLED and Quantum Dot Laser foundry services, strengthening its position in emerging technologies.
IQE plc (GB:IQE) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:IQE Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
May 13, 2025
9.17p
9.96p
+8.62%
Sep 10, 2024
23.70p
19.14p
-19.24%
Apr 10, 2024
20.00p
25.75p
+28.75%
Sep 12, 2023
16.46p
17.00p
+3.28%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does IQE PLC (GB:IQE) report earnings?
IQE PLC (GB:IQE) is schdueled to report earning on Sep 16, 2025, TBA Not Confirmed.
What is IQE PLC (GB:IQE) earnings time?
IQE PLC (GB:IQE) earnings time is at Sep 16, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.