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(Sharecast News) - IQE said on Tuesday that first-half trading exceeded expectations, with revenue expected to be at least 64m as strong demand across its core markets was led by accelerating sales of indium phosphide products for AI and data centre applications.
The AIM-traded compound semiconductor wafer supplier also benefited from continued strength in aerospace and defence, alongside robust demand for 3D sensing and wireless products.
It upgraded its full-year outlook and now expects revenue growth of more than 30% in 2026, resulting in low-teens million pounds of adjusted EBITDA.
IQE ended the first half with cash of 41.6m and no bank debt.
At 1156 BST, shares in IQE were up 20.71% at 43.58p.
Reporting by Josh White for Sharecast.com.
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