News: Suppliers
21 July 2026
IQE’s greater-than-expected £64m first-half 2026 revenue driven by InP demand
Epiwafer and substrate maker IQE plc of Cardiff, Wales, UK says that greater-than-expected trading in first-half 2026, with strong demand across all core segments, should yield revenue of at least £64m.
Demand for IQE’s indium phosphide (InP) solutions is continuing to accelerate due to their critical role in enabling optical photonics products for data centers and AI infrastructure. Revenue growth was also supported by ongoing strength in aerospace and defence segments, as well as robust demand for both 3D sensing and wireless products.
This momentum is expected to continue throughout 2026. So, IQE has now raised its forecast for full-year revenue growth from more than 20% to over 30%, resulting in low-teens £m adjusted EBITDA (earnings before interest, tax, depreciation and amortization).
IQE says that it remains bank-debt free with a cash position at end-June of £41.6m.
“Our long-established leadership in InP and other key material systems means we are critically embedded in supply chains enabling industry trends that will continue to deliver further progress in second-half 2026,” says CEO Jutta Meier.
IQE’s full-year 2025 revenue falls 17.6%, as 40% drop in wireless outweighs 15% growth in photonics
