Soitec, Bernin Ord New (SLOIF) Q1 2027 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Soitec first quarter sales presentation for fiscal year 2027. Today's conference will be hosted by Laurent Roman, Chief Executive Officer, and Albin Jackmont, Chief Financial Officer. For the first part of the conference, the participants will be on listen-only mode. During the questions and answers session, participants will be able to ask questions by dialing hashtag 5 on their telephone keypad. Now I will hand the conference over to Laurent Roman to begin today's conference. Please go ahead. Hello, everyone, and thank you for joining us today for Soitec's first quarter 2027 sales conference call. I'm Laurent Raymond, CEO of Soitec. With me on the call today, Albin Jacquemont, our CFO, and Alex Petovary, head of investor relations, financing, and treasury. Before turning to the quarter, let me briefly explain why we decided to bring forward to this publication. Since the start of the second quarter, customer demand for photonic SOI has accelerated faster than expected. At the same time, the action plan I set out to increase our photonic SOI production output has started to deliver positive results. These developments gave us materially greater visibility on the pace of our photonic SOI ramp. Consistent with our commitment of transparency, rigor, and timely communication, we choose to update you ahead of schedule. With that, let me turn to the three key takeaways from the first quarter. We deliver a stronger than expected start of the financial year. Revenue reached 113 million euro, up 23% year on year at constant currency and scope, well above our guidance of around 15%. This performance was primarily driven by the continued acceleration of AI-related activities with Photonic SOI sales doubling year on year. Second, the momentum on Photonic SOI is accel...