Soitec, Bernin Ord New (SLOIF) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone and welcome to Soitec Fiscal Year 26 Results Conference. I'm Alexandre Petovary, Head of Investor Relations, and on behalf of the team, thank you very much for joining us today. Before we begin, let me remind you that today's presentation contains forward-looking statements, so please read the disclaimer that's available in the presentation materials. So today's session will begin with our CEO, Laurent Raymond, and you'll also hear from the executive team, Albin Jacquemont on finance, Steve Baburek on strategy, Christophe Malville on innovation, and Cyril Menon on operations. After these prepared statements, we'll open the Q&A, and Laurent will end the session today with some remarks. Thank you again for being with us, and with that, Laurent, over to you. Thank you, Alex. Hi, everyone. It's a real pleasure to be here with you for the first time. So since I took over this position on April 1st, I have spent my time getting to know the company from the inside, meeting all the teams and the key customer. I look forward to sharing with you my observations so far, the immediate priorities for Soitec as I see today, and my reading of our position within the broader industry in which I have spent the last 30 years. So, to begin with, I want to take a step back and share with you what I think are the three main takeaways from our fiscal year 26 results. It has been a difficult year for Soitec with inventory correction impacting volume and low visibility in some of our end markets. However, like the rest of the industry, we can also see AI accelerating further and starting to drive a radical shift in semiconductor demand and requirements. So my first message for today is our fiscal year 26 performance reflects that. Revenue is down, our fab loading is below normal...